Hints and tips:
...“The malting industry is consolidating to catch up with brewers and rebalance market power,” says Brent Atthill of RMI Analytics....
...Economic developments: Heineken will end it operations in Russia in a move that will cost the Dutch brewer €400mn Danish brewer Carlsberg also announced it plans to leave the Russian market and take a...
...Economic developments: Belgian brewer Anheuser-Busch InBev is in discussions to sell its stake in a Russian joint venture to its Turkish partner, Anadolu Efes, which could result in the company taking a...
...for in roubles rather than dollars or euros The European Central Bank agreed to set up a €10bn precautionary swap line with the Polish central bank Heineken will end it operations in Russia, and Danish brewer...
...In Budweiser APAC, AB InBev was pitching a premium brewer with fast-growing prospects in China....
...The chart below shows the impact on cash flow from operations at a stable rate of 12kb/d (a 33% cut) from H2/20 onwards, assuming a flat Brent price of $35/bbl....
...Brent crude climbed 0.9 per cent while West Texas Intermediate was 1.4 per cent higher....
...Brent crude rose 0.6 per cent to $74.46 a barrel....
...However, the CMA has dismissed fears that the merger would close off an important route to market for brewers that compete with Heineken....
...Brent crude, the international benchmark, was up 0.4 per cent at $47.49 a barrel, while US marker West Texas Intermediate climbed 0.5 per cent to $44.97. Brent is up 4.3 per cent for the week to date....
...Brent crude oil, the international benchmark, was up 0.3 per cent at $45.97 a barrel following a choppy session on Monday, when it rose as high as $46.24....
...Dutch brewer Heineken is in advanced talks to purchase Brasil Kirin, Brazil’s second-largest brewer, the company has confirmed....
...However, in the restaurant division – which operates the Beefeater and Brewer’s Fayre chains, like for like sales fell by 0.3 per cent....
...Elsewhere, Japanese brewer Kirin has agreed to sell its Brazilian beer business to Heineken for ¥77bn ($700m), as the Dutch group looks to take on rival Anheuser-Busch InBev in its largest market....
...The brewer’s shares rose 2.7 per cent to $101.13, responding to the bond deals, which will probably be used to fund its full takeover of MillerCoors....
...Fuller Smith & Turner, UK pub group and brewer, said it had outperformed the wider market in the first half of its financial year despite like for like sales growth at its managed pubs and hotels – the main...
...Good news too at the UK’s oldest brewer....
...UK pub company and brewer Marston’s has reported an11 per cent growth in revenues as it transforms itself from traditional boozer to premium food and drinks retailer....
...Carlsberg said it had a “solid” start to the year, with the Danish brewer reporting sluggish sales in the first quarter as it embarks on a turnround programme....
...AB InBev has accepted Japanese brewer Asahi’s $2.55bn offer for some of SABMiller’s beer brands including Peroni and Grolsch, as it looks to close its £70bn takeover of SABMiller....
...The Dutch brewer grew total revenue by 6.5 per cent to €20.51bn in 2015 from a year earlier, which was just slightly short of analysts’ forecasts of €20.57bn....
...Energy stocks turned lower as Brent oil fell another 1.2 per cent to $49.24 a barrel. The crude benchmark sank more than 5 per cent on Monday....
...Only here for the beer Asahi Group Holdings, Japan’s biggest brewer, is weighing a bid for SABMiller’s two European brands – Peroni and Grolsch – in a move that could spark a costly global takeover battle...
...Shell’s payout looked safe even if Brent remained near current levels, SocGen argued....
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