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News updates from April 15: US retail sales rise more than expected; Yen falls below ¥154 per dollar
Japan’s biggest brewer Asahi goes teetotal as consumers abandon booze
...drinks would generate half of the company’s beverage sales by as early as 2040....
April 14, 2024
Special ReportFuture of Water
Brewers come under pressure to minimise water footprint
...The brewer had invested $1.4bn in the factory, which was already two-thirds complete....
March 22, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Heineken NV
Heineken beer sales beat expectations
...“Seeing it back in growth is very important for the company’s profitability,” he added....
April 24, 2024
Asahi Group Holdings Ltd
Japan’s biggest brewer Asahi cuts down on the booze as consumers go teetotal
...drinks would generate half of the company’s beverage sales by as early as 2040....
April 14, 2024
News updates from April 24: Meta shares fall after earnings; Spain’s PM considers quitting
Heineken reports first volume growth for a year as sales beat expectations
...The brewer said beer volume sales were up 4.7 per cent in the January-March period, compared with the 2.5 per cent growth expected by analysts in a company-provided poll....
April 24, 2024
Heineken NV
Heineken says high prices have cut sales
...Heineken, the world’s second-biggest brewer, has tempered expectations for annual profit growth, saying higher prices hit demand last year....
February 14, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 4 September237 Park Avenue, New York, NY, USA
News updates from November 16: Oil prices hit 4-month low, Wirecard hacker sentenced to 80 months in prison
Brewer Young’s buys City Pub Group for £162mn
...The stock-and-cash proposal, which was recommended by the board, will pay City Pub Group shareholders 108.75p per share and the remainder in Young’s shares....
November 16, 2023
Correction
Correction: Asahi
...Japanese brewer Asahi plans to increase the share of beverages with 3.5 per cent alcohol or less from about 10 per cent last year to 20 per cent of its product mix by 2030, not 30 per cent as wrongly...
April 16, 2024
LexElaine Moore
The Lex Newsletter: AI spending plans are spooking the market Premium content
...autonomy, I think they should not be an investor in the company.”...
April 26, 2024
Whitbread PLC
Premier Inn owner to cut 1,500 jobs as it scales back restaurants
...The company, which owns 821 restaurants including Beefeater and Brewers Fayre, said on Tuesday it would sell 126 lossmaking restaurants and convert 112 more into hotel extensions and eateries serving hotel...
April 30, 2024
Anheuser-Busch InBev SA
Turkish brewer to acquire AB InBev stake in Russian joint venture
...In April last year the brewer of Budweiser and Stella Artois announced it was in talks to sell its stake in AB InBev Efes, the Russian joint venture, as many Western companies looking to exit Russia scrambled...
December 19, 2023
Retail & Consumer industry
Food and drinks giants flag price pressure on low-income consumers
...Brewer Molson Coors this week reported strong demand driven by pricier beers as more consumers treat themselves....
April 30, 2024
News updates from March 12: US House votes through bill to ban TikTok; Geert Wilders announces he will not be Netherlands PM
Marlboro maker Altria to sell more than $2.2bn of its AB InBev shares
...The cigarette manufacturer currently owns about 10 per cent of the brewer, with a holding of about 197mn shares....
March 13, 2024
News updates from March 14: Chuck Schumer calls for Netanyahu’s replacement; China hits out at US push to ban TikTok as Steven Mnuchin plots bid
Marlboro maker Altria to sell more than $2.2bn of its AB InBev shares
...The cigarette manufacturer currently owns about 10 per cent of the brewer, with a holding of about 197mn shares....
March 13, 2024
LexDarktrace
Darktrace exit snuffs out another light on the London market Premium content
...Other suitors may yet emerge, pushing up the premium. But the cyber specialist, still among the better performers of the IPO crop of 2021, has had a very bumpy three-year ride as a public company....
April 26, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News updates from September 1: US jobs grow more than forecast, Walgreens Boots CEO steps down
Walgreens Boots chief executive Rosalind Brewer steps down
...Walgreens Boots and Brewer mutually agreed for her to step down as CEO and member of the board where she has served since 2010, the company said on Friday....
September 1, 2023
ReviewNon-Fiction
Volcanic by John Brewer — Vesuvius and its many visitors
...Brewer’s study of 18th-century English culture, The Pleasures of the Imagination, won the 1998 Wolfson Prize for history, an award celebrating the art of balancing research with readability — the author’...
November 2, 2023
Lyft Inc
Lyft shares go on wild ride after earnings release error
...“This is actually a correction from the press release,” Brewer said. Lyft shares jumped 35.1 per cent on Wednesday....
February 14, 2024
News updates from April 24: Meta shares fall after earnings; Spain’s PM considers quitting
What to watch in Europe today
...Heineken: The world’s second-largest brewer will publish results for the first quarter of 2024. It previously tempered expectations for its annual profit growth....
April 24, 2024
L'Occitane International SA
L’Occitane owner offers to take skincare group private at €6.5bn valuation
...the offer, the company said....
April 29, 2024
News updates from February 29: US PCE inflation falls to 2.4%, Putin warns of wider conflict over Ukraine
AB InBev ‘constrained’ by Bud Light boycott
...The brewer said like for like revenues grew 7.8 per cent to $59.4mn in 2023, in line with analysts’ estimates....
February 29, 2024
Food & Beverage
UK’s alcohol-free beer Lucky Saint says it is not reliant on teetotallers
...Boase said he had not given much thought to the possibility of selling Lucky Saint to one of the big brewers, which in recent years have snapped up smaller craft brewers....
January 6, 2024
Brewdog Plc
BrewDog drops pledge to pay all staff the UK living wage
...BrewDog, the UK’s biggest craft beer brewer, has abandoned its pledge to pay all staff the voluntary living wage in a move that points to a broader cooling of wage pressures across the economy....
January 10, 2024
Carlsberg AS
Carlsberg warns of further price rises as inflation continues to bite
...Carlsberg’s chief executive said the brewer was still experiencing rises in input costs and would need to keep raising prices to cover the increases, as the company reported weaker than expected full-year...
February 7, 2024
News updates from February 14: UK inflation holds steady, Uber debuts $7bn share buyback
Heineken’s higher pricing dents beer sales
...Heineken’s chief executive said high pricing had led to suppressed beer sales after reporting disappointing revenues for the “challenging” full year.The Netherlands-based brewer said the volume of beer sold...
February 14, 2024

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