Hints and tips:
...This could pave the way for spin-offs, according to Jefferies analyst Martin Deboo....
...Mike Prew at Jefferies said: “The price of steel is going to be the thing that hurts you, and the recent depreciation of sterling is going to exacerbate that....
...“It’s the consumer who always pays,” said Martin Deboo, analyst at Jefferies....
...Brewers have been increasing beer prices as the cost of aluminium cans, bottles and barley have risen rapidly....
...Jefferies banker Jeffrey Altman has joined JLL’s M&A team as a senior managing director, based in New York....
...Belgian brewer Anheuser-Busch InBev is in talks to sell its stake in its Russian and Ukrainian joint venture to its Turkish partner, in a deal that could cause a $1.1bn hit to the world’s largest brewer....
...BP and TotalEnergies are the European oil producers with the highest exposure to Russia, according to investment bank Jefferies....
...Ed Mundy, analyst at Jefferies, said that spirits had been gaining “share of throat” largely from wine, but that the dynamic varied widely by country....
...“The human desire to meet over a beer or a drink in a bar or a restaurant is universal at all times,” the brewer’s chief executive Dolf van den Brink said last week....
...The Dutch brewer has also suffered during the pandemic, announcing 8,000 job cuts in February....
...Brahma began a deal-driven expansion, transforming into regional brewer Ambev....
...While all drinks makers suffered to some extent from pub closures, brewers were especially hit: the world’s second-largest brewer Heineken announced 8,000 job cuts this year as it struggles to deal with...
...Edward Mundy, an analyst at Jefferies, said: “Whilst recent Covid-19 case growth represents a near-term headwind for the sector, shares are pricing in a pessimistic post-Covid outcome, which feels overly...
...Evercore, Canson Capital Partners and Jefferies are among those acting for Refinitiv....
...Heineken 0.0 tastes like a beer, looks and smells like a beer,” said Edward Mundy, analyst at Jefferies....
...I don’t think that their decision-making will be the same,” said Thanh Ha Pham, an analyst at Jefferies in Tokyo....
...However, Edward Mundy, an analyst at Jefferies, cautioned that relatively positive results from Carlsberg did not necessarily imply good news for other major brewers....
...Edward Mundy, analyst at Jefferies, said: “We believe that consumers are going for well-known brands, with limited downtrading despite significant stress during Covid-19.”...
...There is a risk that sales channels through which brewers and distillers sell may disappear....
...Edward Mundy, analyst at Jefferies, said this “argues against major M&A moves in the near term”, while the personnel changes would aid potential succession planning, with Mr Almeida seen as one possible...
...But big brewer Anheuser-Busch InBev has already dashed to claim a first-mover advantage....
...Mr Polman “was famously hostile towards investors with short-term horizons”, said Martin Deboo, analyst at Jefferies....
...ThaiBev paid 32 times pre-tax earnings for Sabeco when it bought the brewer from the Vietnamese government....
...The world’s biggest brewer accounts for nearly one in four beers sold worldwide and nearly half the industry’s profits....
...Job moves Frank Bisignano, a former lieutenant of Jamie Dimon at JPMorgan Chase, is set to take over from Jeffery Yabuki as chief executive of Fiserv, the payments processor that acquired First Data in...
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