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Food and Beverage Beverages

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  • Beer prices on the rise Tuesday, 28 Jul 2015 | 8:00 AM ET
    Beer prices on the rise

    Constellation Brands to hike beer prices this fall.

  • LONDON/ BRUSSELS, July 28- Diageo and Heineken have agreed to dissolve their joint ventures in South Africa and Namibia, so the British spirits maker and Dutch brewer can pursue their own growth strategies in the countries. Diageo said it has become market leader in spirits in South Africa with a 40 percent share and felt it had the necessary scale to go it alone.

  • Craft beer sales pop Tuesday, 28 Jul 2015 | 6:00 AM ET
    Craft beer sales pop

    The craft beer industry continues to grow in the first half of 2015

  • BRUSSELS, July 28- Dutch brewer Heineken and spirits maker Diageo have agreed to end their 11- year cooperation in South Africa and Namibia in a series of deals to disentangle joint ventures. Diageo, whose brands include Johnnie Walker, Smirnoff and Guinness, said it had become market leader in spirits in South Africa with a 40 percent share and felt it had the...

  • UPDATE 1-Suntory Holdings says not considering IPO now Monday, 27 Jul 2015 | 10:19 PM ET

    *Listing could be in Tokyo or New York- Nikkei. TOKYO, July 28- Suntory Holdings Ltd said on Tuesday that it is not considering listing its shares now, following a Nikkei newspaper report that the beverages conglomerate is mulling an IPO as early as 2018 to pay down debt and raise growth capital. The Nikkei said the Japanese company would decide as soon as this year...

  • Craft beer growth posts solid numbers ... again Monday, 27 Jul 2015 | 5:58 PM ET
    Brewery worker examining beer in beaker. Craft breweries continue to grow.

    American craft beer production volume rose 16 percent compared to the same time last year, according to data released by the Brewers Association.

  • The American Beverage Association's sugary lawsuit Monday, 27 Jul 2015 | 10:00 AM ET
    The American Beverage Association's sugary lawsuit

    The beverage industry takes San Francisco to court over labeling regulations.

  • JOHANNESBURG, July 27- From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets. Private equity deals in Africa totalled $8.1 billion last year, the second highest on record after the $8.3 billion posted in 2007,...

  • Inside Anheuser-Busch’s craft beer deals Sunday, 26 Jul 2015 | 4:00 PM ET
    Budweiser beer and Goose Island India Pale Ale

    Anheuser-Busch has spent an estimated $200 million dollars buying craft breweries to add to its already extensive brand portfolio-and it's not done yet.

  • No drought in beer prices in these cities Friday, 24 Jul 2015 | 8:59 AM ET
    Beer

    CNBC's Jane Wells takes a look at the Top Best Most expensive cities in America to buy beer.

  • July 24- Hong Kong stocks posted their biggest one-day drop in two weeks on Friday, tracking sluggish overseas markets, and taking cues from a correction in mainland shares. Bucking the trend, Chinese milk formula maker Yashili International Holdings Ltd rose 3.5 percent, after saying it has agreed to buy an infant milk formula unit from Danone SA and will work...

  • SHANGHAI, July 24- China stocks extended their recovery on Friday morning, with the Shanghai market heading for its seventh-day gain-- its longest winning streak in two months-- as investors increased leveraged bets despite disappointing July factory activity data. But Hong Kong stocks fell, following sluggish overseas markets, and amid investor concerns over...

  • Whisky tips from Suntory's chief blender Thursday, 23 Jul 2015 | 11:37 PM ET
    Whisky tips from Suntory's chief blender

    Shinji Fukuyo, chief blender at Suntory, offers tips on savoring whiskies and explains why the Japanese drinks giant is facing a whiskey shortage.

  • LONDON, July 23- Britvic, the British maker of Robinsons squash and Tango, stepped up its international expansion on Thursday with a 120.8 million pound acquisition of Brazilian soft drinks firm Ebba. The deal, which will largely be funded by a share placing, gives Britvic access to the world's sixth largest soft drinks market and builds on recent expansion into...

  • *China rules major stakeholders not sell off shares from July 8. SHANGHAI, July 23- The China Securities Finance Corp denied on Thursday it had sold shares in violation of regulations during the recent market rout, but admitted it had reduced its holdings in some companies by transferring stakes. The denial to the Shanghai Securities Journal and the Xinhua News...

  • *Prices, sales volumes rise in North America. *Share buyback plan tightened to $2.0- $2.5 bln from $2- $3 bln. July 22- Coca-Cola Co on Wednesday reported higher-than-expected quarterly earnings and revenue as it raised prices and boosted sales volumes in North America, where it has struggled to grow as consumers ditch soda for healthier options.

  • SHANGHAI, July 22- China Securities Finance Corp reduced its stake in a major domestic dairy producer to below 5 percent in July, according to a statement posted on the website of the Shanghai Stock Exchange late Wednesday. CSFC, a state-owned margin lender leading Beijing's efforts to stabilize its wobbly stock markets, held two tranches of shares in Inner...

  • July 22- Coca-Cola Co reported a better-than-expected quarterly profit and sales as it raised prices to offset the impact of a strong dollar, and said it could spend lesser to buy back shares this year. The company bought a stake in energy drinks maker Monster Beverage Corp last year and bought the beverage business of a Chinese company in April to gain a foothold...

  • Blue Moon Brewing hops on IPA bandwagon Saturday, 18 Jul 2015 | 3:00 PM ET
    Blue Moon White IPA beer

    Twenty years after it launched, the time is right for Blue Moon Brewing to put its own spin on an IPA beer.

  • NEW YORK, July 15- Nelson Peltz, chief executive of hedge fund Trian Fund Management, said on Wednesday that losing a proxy battle with DuPont Co has proven to be a major blow to shareholders. "It has been a significant loss for shareholders," Peltz said at the CNBC Institutional Investor Delivering Alpha Conference in New York. Peltz also said that PepsiCo was...