European equities rallied on Thursday, closing nearly 1 percent higher as investors reacted to a raft of corporate earnings and fresh economic data.» Read More
Some of Monday's midday movers:
Rob and Kurt Widmer, the founders of Portland's Widmer Brothers Brewing, have created a business that has made them the elders of craft brewing.
The craft beer movement is great for the beer business overall, Anheuser-Busch InBev CEO Carlos Brito told CNBC on Thursday.
LONDON, Nov 13- Brewing giant SABMiller reported weaker-than-expected profit and a dip in margins for the first half of its fiscal year, citing poor weather in China and intensified competition among retailers in Australia. Excluding the impact from the depreciation of currencies in Latin America and South Africa versus the dollar, SABMiller said EBITDA...
Molson Coors Brewing Co. reported a lower-than-expected quarterly profit, hurt by a fall in beer sales in Canada and higher spending on marketing.
Nov 6- Molson Coors Brewing Co reported a lower-than-expected quarterly profit, hurt by a fall in beer sales in Canada and higher spending on marketing. Molson Coors reported a net loss attributable to the company of $34.4 million, or 19 cents per share, for the third quarter ended Sept. 30, compared with a net profit of $134.3 million, or 73 cents per share, a year...
Europe shares ended the day higher after the Bank of England outlined tougher leverage rules for banks and the Bank of Japan upped stimulus measures.
*U.S. weaker, Brazil stagnant, limited cost savings in Mexico. BRUSSELS, Oct 31- Anheuser-Busch InBev, the world's largest beer maker, increased earnings by less than expected in the third quarter as U.S. consumers drank less, Brazil fell into recession and Mexican cost savings dropped sharply. The maker of Budweiser, Stella Artois and Corona has coped with past...
Maker of Budweiser, Stella Artois and Corona said overall beer volumes fell by 2.7 percent in the July-Sept period.
Coca-Cola has potential for a leveraged buyout similar to that used by Berkshire Hathaway and 3G for the acquisition of Heinz last year, Nomura said.
But Coca-Cola's fundamentals suggest the stock's troubles could last.
"Beer has to have water," says the manager of one brewery, who noted that a typical can of beer is 92 percent water.
*Company cites poor summer weather in China. LONDON, Oct 14- Poor summer weather in China hit SABMiller's lager sales in the second quarter, though higher prices and a jump in soft drink sales helped boost revenues at the world's second biggest beer maker. Soft drinks account for 20 percent of SABMiller's sales volumes, but are far less profitable than beer.
LONDON, Oct 6- SABMiller boss Alan Clark said on Monday there was no truth in speculation the brewer's interest in buying Dutch rival Heineken was a defensive move aimed at protecting itself from being taken over. In his first public comments since news emerged that Heineken had rejected a bid approach from SABMiller, Clark said it was "not unusual" for his company...
Co-founder and managing partner, 3G Capital
Beyond bartenders, we need to build a culture of responsible drinking, says Anheuser-Busch InBev CEO Carlos Brito.
Given events threaten to take down stocks at a moment’s notice, what’s an investor to do? One word: beer.
Oct 2- Constellation Brands Inc on Thursday said that it was expanding capacity at its brewery in Mexico to increase its share of the market for import beers in the United States. The company will acquire from Anheuser-Busch InBev. a glass production plant in Nava, Mexico for $300 million, pending approval from regulators. Last year, as part of ABInBev's...
If the NFL doesn't want to lose sponsors, it must act soon, the former head of sports marketing for Anheuser-Busch said.
Major sponsors have made public statements criticizing the NFL over its handling of Ray Rice and Adrian Peterson. Will the displeasure take hold?