Food and Beverage Beverages

More

  • Is SABMiller and AB InBev better together?

    Andrew Holland, European and U.S. beverage research analyst at Societe Generale, discusses SABMiller’s latest set of earnings, and its potential future with fellow beverage maker, AB InBev.

  • SABMiller warns about ongoing FX volatility

    Javier Gonzalez Lastra, senior beverages analyst at Berenberg, says SABMiller was always going to deliver a difficult set of earnings due to currency devaluations.

  • MADISON, Wis.— Vintners in southern Wisconsin and southeastern Minnesota are reeling from a weekend cold snap that ruined huge swaths of their grapes. Steve Johnson, head of the Wisconsin Grape Growers Association, said Tuesday that vineyards west of Madison suffered the worst. Wollersheim Winery in Prairie du Sac, Wisconsin, lost 75 percent of its red grapes and...

  • TOKYO, May 17- Asahi Group Holdings Ltd will not bid for the Eastern European assets that SABMiller PLC is selling to appease anti-monopoly regulators, the president of Japan's biggest brewer said on Tuesday. Asahi is betting on those brands to significantly broaden its presence in Europe. Previously, Asahi's overseas expansion focused on Asia and Oceania,...

  • CARACAS, Venezuela— President Nicolas Maduro threatened Saturday to take over idle factories and jail their owners following a decree granting him expanded powers to act in the face of Venezuela's deep economic crisis. Speaking to supporters in the capital, Caracas, the president ordered "all actions to recover the production apparatus, which is being...

  • SAO PAULO, May 13- Brazil's 2016/ 17 coffee harvest, forecast at 56.4 million 60- kg bags, was 7 percent completed by May 9, local analyst Safras e Mercado said on Friday. Safras' lead coffee specialist, Gil Barabach, said the ample rains following flowering in September "have guaranteed good bean formation." Most of the beans so far harvested in Brazil, the world's top...

  • NEW YORK— A late slump Friday pulled U.S. stocks to their third straight weekly loss. Retailers fell again after Nordstrom and J.C. Penney became the latest department store operators to report plunging first-quarter sales. "The rebound and recovery rally has largely run its course," said Mike Ryan, chief investment strategist for UBS Wealth Management Americas.

  • World alcoholic drink consumption drops

    New research reveals more people around the world are drinking less alcoholic drinks.

  • COPENHAGEN, May 11- Carlsberg may not have the desire or financial firepower to swallow leftovers from the planned merger of the world's two top brewers after a badly timed bet on the Russian beer market and a slowdown in China. Analysts have speculated Carlsberg could buy some of the Eastern European assets put up for sale to smooth regulatory approval of...

  • LAGOS, May 11- Nigeria is counting on foreign investment to help diversify its oil-dependent economy. Fears its naira currency is overvalued have deterred many investors, but some, including China, see its fast-rising population as a powerful long-term draw. The International Monetary Fund has recommended a more flexible exchange rate but the 73- year-old...

  • *Volume development weaker than expected in Asia- Sydbank. "Beer market development in Asia was mixed with continued growth in markets such as India and Nepal while the Chinese market declined by 3-4 percent," Carlsberg said in a statement. The brewer said sales volume grew in India and Nepal, and declined in China as a result of brewery closures.

  • The New York Civil Liberties Union filed the lawsuit on behalf of Crispin Hernandez, who said he lost his job in September at Mark Farms, a large dairy farm in upstate New York where he worked for three years. The lawsuit filed in state Supreme Court in Albany against Cuomo and the state of New York seeks to provide farmworkers the right to organize without fear of...

  • KIGALI, May 10- Unilever Plc's $50 million to set up a tea processing factory, develop two tea estates and support small-scale producers in the African country, it said on Tuesday. Anglo-Dutch consumer goods maker Unilever, which owns the Lipton tea brand, set up a subsidiary in Rwanda in 2014.. Nsanganira said Rwanda produced 25,700 tonnes of tea in 2015, earning...

  • Budweiser renames beer to 'America'

    The brewer is re-branding its beer as a nod to the 2016 presidential race.

  • JOHANNESBURG, May 10- South Africa's Competition Tribunal on Tuesday conditionally approved a SABMiller and Coca-Cola deal to combine their African soft drink operations into what would be the continent's biggest Coke drinks bottler. Coca-Cola Beverages Africa, which will account for 40 percent of all Coke volumes sold in Africa, will be headquartered in...

  • JOHANNESBURG, May 10- South Africa's Competition Tribunal on Tuesday conditionally approved a merger between SABMiller and Coca-Cola to merge African soft drink operations into what would be the continent's biggest Coke drinks bottler. The Tribunal said it will provide reasons for its approval in due course. In a bid to fast-track the regulatory probe of...

  • May 9- Krispy Kreme Doughnuts Inc agreed to be taken private by JAB Holding Co for about $1.35 billion as Germany's Reimann family continues to build up its global coffee empire. The company, which led the $13.9 billion buyout of K-cup maker Keurig Green Mountain in March, already owns the Caribou Coffee and Peet's Coffee& Tea chains in the United States.

  • Stella Artois at the Kentucky Derby.

    No matter which horse wins the 142nd Kentucky Derby on Saturday, there is one sponsor that’s already outpacing the competition.

  • Hot Summer Stocks: Beer, Sports and Travel

    Deirdre Bosa looks at the top trades over the last decade that have been able to avoid the summer stock doldrums.

  • JOHANNESBURG/ LONDON, May 4- SABMiller and Coca-Cola have agreed concessions with the South African government to win approval for their plan to merge African soft drink operations into what would be the continent's biggest Coke drinks bottler. The concessions, announced on Wednesday, agreed with the South African Ministry of Economic Development, include a...