Food and Beverage Beverages

  • LONDON— A British court has ruled that two groups of shareholders in brewing company SABMiller should vote separately on the 79 billion pound takeover offer made by rival Anheuser-Busch InBev, effectively giving smaller investors an outside chance to derail the deal. While smaller shareholders will receive cash for their stakes, SABMiller's two biggest...

  • LONDON, Aug 23- SABMiller shareholders can be treated as two separate groups when they vote on the company's takeover by Anheuser Busch InBev, a court in London ruled on Tuesday, granting a request from SAB for a split. SAB requested that those two shareholders-- cigarette maker Altria Group and Bevco, a vehicle of Colombia's Santo Domingo family-- be treated as a...

  • LAVAL, France— French farmers are occupying an intersection outside the headquarters of dairy giant Lactalis and crying for help as they struggle to compete with cheaper countries in Europe's single market. Their protest in the western France city of Laval on Monday is targeting Lactalis, which produces Parmalat cheeses, President butter and many other...

  • GENEVA— Swiss food and beverage giant Nestle says first-half profit dipped due to a one-time tax expense even as revenues edged up behind growth in its key North American food business and despite a slowdown in the Chinese market. The maker of Kit Kat chocolate bars, Lean Cuisine meals, Maggi noodles and Gerber baby foods said Thursday that its net income was 4.10...

  • *VertuoLine goes to France, Dolce Gusto gets global advert. LONDON/ ZURICH/ CAPETOWN, Aug 17- Nestle is giving its instant coffee brand Nescafe and its Nespresso single-serve coffee a shot in the arm as fast-growing rivals with lean cost structures chip away at its global dominance. While its two megabrands still control nearly 23 percent of the $77 billion retail...

  • The decline of the crop supply is hurting the production of pumpkin beer.

  • Danish brewer Carlsberg posted half-year results slightly below expectations, but said it would maintain its 2016 outlook.

  • COPENHAGEN, Aug 17- Danish brewer Carlsberg promised to address poorly performing parts of its business after half-year results came in slightly below expectations on Wednesday, sending its shares down by 4 percent. The Copenhagen- based company said it was sticking to a forecast for full-year organic operating profit growth in the low-single figures in...

  • COPENHAGEN, Aug 17- Danish brewer Carlsberg posted half-year results slightly below expectations, but said it would maintain its 2016 outlook as its cost-cutting strategy shows progress. The company reported a six-month operating profit before special items at 3.45 billion Danish crowns, down 4 percent from same period last year, with the beer producer...

  • Brexit may impact consumer confidence in UK: Carlsberg

    Carlsberg Group CEO & President, Cees ’t Hart weighs in on how the company will weather the post-Brexit world, while commenting on non-alcoholic beer and its strategies going forward.

  • We see H2 2016 cost increases in Russia: Carlsberg

    Carlsberg Group CEO & President, Cees ’t Hart, talks about the beverage maker’s performance in Russia and other markets like China.

  • Face significant headwinds from currencies: Carlsberg  CEO

    “We feel that the second half of the year might not be a strong as the first half-year, compared to last year,” Carlsberg Group CEO & President, Cees ’t Hart tells CNBC.

  • *Singapore wants businesses to adopt more robots. The city's restaurants, hotels and retailers have become the biggest casualties of the labour crunch since Singapore accelerated restrictions on foreign workers in 2011 as political disquiet about immigration grew. To address the constraints, Singapore is pushing businesses to look to non-human...

  • *Singapore wants businesses to adopt more robots. The city's restaurants, hotels and retailers have become the biggest casualties of the labor crunch since Singapore accelerated restrictions on foreign workers in 2011 as political disquiet about immigration grew. To address the constraints, Singapore is pushing businesses to look to non-human solutions...

  • Patent and Trademark Office has sided with the maker of Schlafly beer in its trademark dispute with conservative activist Phyllis Schlafly. Phyllis Schlafly sought to block St. Louis Brewery's effort to trademark the brand's name, an effort that began in 2012 as its sales began to grow outside of Missouri. Earlier this month, the Patent and Trademark Office...

  • WATKINS GLEN, N.Y.— The top prize at the 2016 New York Wine and Food Classic competition goes to Billsboro Winery 2013 Syrah from the Finger Lakes Region. Keuka Spring Vineyards, also from the Finger Lakes, was named Winery of the Year at the event, known as the Oscars of New York wine competitions. This year's competition included 893 New York wines, 20 hard ciders and...

  • Cans of the Sapporo Black Label branded beer sit stacked at the Sapporo Breweries Ltd. factory in Eniwa, Hokkaido, Japan.

    Sapporo is releasing "Premium Black," its first new beer since its "Premium Light" brand was launched in 2004.

  • A man delivers beverages from a Coca-Cola truck in New York City.

    The time to buy Coca-Cola shares is now while the stock is weighed down by concerns about slowing growth in emerging markets, said an analyst.

  • LIMA, Aug 3- A day after meeting with the head of the opposition-controlled Congress, Peru's prime minister said he was optimistic lawmakers would back President Pedro Pablo Kuczynski's economic reforms, including plans to cut the value-added tax rate. The prime minister, Fernando Zavala, who recently stepped down as chief executive of beer maker SABMiller,...

  • TORONTO, Aug 3- Canada's main stock index gained on Wednesday as shares in energy companies benefited from a rebound in oil prices, offsetting losses among gold miners and other materials stocks. Oil prices jumped more than 3 percent after a surprisingly strong drawdown in gasoline stockpiles, pushing the U.S. benchmark back above $40 a barrel after falling...