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...The $19.8bn Japanese brewer has one-sixth of the market capitalisation of AB InBev and less than 40 per cent that of Heineken....
...A growing number of health-conscious consumers rejecting beer, wine and spirits represents “a big opportunity”, said the chief executive of Japan’s biggest brewer Asahi, who forecast zero- and low-alcohol...
...The brewer had invested $1.4bn in the factory, which was already two-thirds complete....
...In a letter to staff at the time, the brewer said “hard decisions” were necessary to restore profitability after a year of “immense challenges”....
...The world’s biggest brewers, including Heineken, Budweiser and Guinness, are racing to capitalise on health-conscious, younger consumers....
...Corporate updates: A clutch of results and trading updates are scheduled, including from UK retailer Boohoo, German sportswear maker Puma, brewer Anheuser-Busch InBev, UK pub chain Wetherspoon and German...
...However, the brewer said it had noted a shift in some markets, with customers buying more beer in supermarkets instead of in bars and restaurants....
...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...
...The move by the world’s second-largest brewer, which owns 2,400 pubs in the UK through its Star Pubs and Bars arm, will restore the number of operating outlets in its estate to pre-pandemic levels....
...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....
...Heineken, the world’s second-biggest brewer, has tempered expectations for annual profit growth, saying higher prices hit demand last year....
...The cigarette manufacturer currently owns about 10 per cent of the brewer, with a holding of about 197mn shares....
...Volcanic: Vesuvius in the Age of Revolutions by John Brewer Yale University Press, £30, 544 pages Join our online book group on Facebook at FT Books Café...
...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....
...The brewer said like for like revenues grew 7.8 per cent to $59.4mn in 2023, in line with analysts’ estimates....
...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....
...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...
...In a statement, AB InBev said no amount would be paid to the brewer on closure of the deal. “There can be no assurances on when and whether these approvals will be obtained,” the brewer said....
...US brewer Molson Coors raised its full-year guidance after reporting record quarterly sales at a time of significant upheaval in the domestic beer market....
...Corporate earnings: Full-year results are due from airlines groups Air France-KLM and IAG, Belgian brewer AB InBev, the London Stock Exchange Group, hedge fund manager Man Group and UK online supermarket...
...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....
...“This is actually a correction from the press release,” Brewer said. Lyft shares jumped 35.1 per cent on Wednesday....
...Big share price moves in Europe today include Netherlands-based brewer Heineken, German steelmaker Thyssenkrupp and Dutch bank ABN Amro: Heineken: Shares in the Dutch beer group slipped 5 per cent in early...
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