Beverages Brewers

  • *Competition Commission of India was acting on tip-off- source. MUMBAI, Oct 11- India's antitrust watchdog raided the offices of three top beer companies on Thursday as part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters. Search and seizure operations were conducted at dawn by the Competition...

  • The Corona beer maker now sees profit between $9.60 and $9.75 per share on an adjusted basis for the year ending February 2019, compared to its previous outlook of $9.40 to $9.70 per share. Net income attributable to the company rose to $1.15 billion, or $5.87 per share, in the three months ended Aug. 31, from $501.6 million, or $2.49 per share, a year earlier.

  • SAO PAULO, Aug 20- Brazilian beer maker Ambev plans to add 1,600 Volkswagen electric trucks to its fleet, making it the largest fleet of its kind in Brazil, and which would be exempt from new fixed minimum freight fares for diesel truckers. Ambev said ownership of the vehicles, which will replace older trucks, will be with 20 logistics companies that distribute...

  • SAO PAULO, Aug 20- Brazilian beer maker Ambev plans to buy 1,600 Volkswagen electric trucks, they said on Monday, making it the largest fleet of its kind in Brazil, and which would be exempt from new fixed minimum freight fares for diesel truckers. Roberto Cortes, Chief Executive of Volkswagen's bus and trucks operation in Brazil, told Reuters that negotiations...

  • Aug 15- Corona beer maker Constellation Brands will infuse another $4 billion into Canada's top cannabis producer Canopy Growth, the biggest investment in the industry, to capitalize on booming demand for marijuana. Toronto- listed Canopy shares rose as much as 35 percent and were up 28 percent at C $41.17 at 10:18 am ET, the highest level since June, and lifted...

  • Aug 15- Corona beer maker Constellation Brands will invest a further $4 billion in Canada's top cannabis producer Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry in legal pot. Canada, where 4.4 million people reported using the drug in the first half of the year, will fully legalize the recreational use of cannabis in October.

  • SAO PAULO, Aug 10- Heineken NV, the world's second-largest beer maker, is considering closing two factories in northeastern Brazil as "an extreme measure" after a court ordered the company to sell beer and soft drinks in the region at a money-losing price, the company said on Friday in a statement. Since Heineken's $1.2 billion purchase last year of the...

  • SAO PAULO, Aug 10- Heineken NV, the world's second-largest beer maker, is considering closing two factories in northeastern Brazil as "an extreme measure" after a court ordered the company to sell beer and soft drinks in the region at a money-losing price, the company said on Friday in a statement. Since Heineken's $1.2 billion purchase last year of the...

  • Aug 1- Molson Coors Brewing Co's Canadian arm will make cannabis-infused drinks along with marijuana producer Hydropothecary Corp, betting on a promising market as beer sales stagnate in North America. The brewer is the latest to capitalize on Canada's decision to legalize recreational marijuana later in the year, a market industry watchers say could be...

  • LONDON, July 30- European shares retreated from a six-week high on Monday as industrials and tech stocks slipped and disappointing earnings, including from brewer Heineken, dented investors' confidence. Germany's DAX edged down 0.5 percent. A negative open on Wall Street also comforted traders to stick to a risk-off mode until the close.

  • LONDON, July 30- European shares tumbled from a six-week high on Monday as industrials and tech stocks slipped and disappointing earnings, including from brewer Heineken, dented investors' confidence. Germany's DAX edged down 0.2 percent. "Heinekens first-half EPS missed expectations due to the consolidation of Kirin Brasil, adverse currency effects and...

  • BRUSSELS, July 30- Heineken, the world's second-largest beer maker, cut its full-year margin forecasts due to currency weakness in some more profitable markets and expansion in Brazil, knocking its shares on Monday. Overall, the brewer sold more beer in the first six months of 2018 than expected, with growth rose steepest in its two most profitable markets,...

  • LONDON, July 30- European shares tumbled from a six-week high on Monday as industrials and tech stocks slipped and disappointing earnings, including from brewer Heineken, dented investors' confidence. Germany's DAX edged down 0.2 percent. The tech sector fell 0.8 percent, reflecting moves in Asia and Wall Street after shocking drops in big tech names Twitter...

  • HAMBURG, July 27- Brewers will get a good supply of hops, a key beer ingredient, this year as the world hop harvest is likely to reach a reasonable size, although slightly smaller than last year, the head of German-U.S. global hops trader Barth-Haas Group said. But Germany's important hop-growing regions have received enough rain and the country should have an "about...

  • SAO PAULO, July 26- Ambev SA, the Latin American unit of brewing giant Anheuser Busch InBev NV, sees a challenging operating environment in Brazil, Chief Financial Officer Fernando Tennenbaum told reporters during a conference call on Thursday.

  • BRASILIA, July 26- Brazilian stocks seesawed on Thursday in the wake of a heavy batch of corporate earnings reports from blue-chips such as miner Vale SA, brewer AmBev SA and lender Banco Bradesco SA. The benchmark Bovespa stock index was near flat, in line with muted moves by MSCI's index tracking stocks across Latin America. Although the miner's net income...

  • Hot weather in Europe, World Cup lift beer sales. By Alister Doyle, Environment Correspondent. OSLO, July 11- Molson Coors is stepping up efforts to fight global warming even though recent hot weather in Europe during the World Cup has lifted beer sales for one of the world's biggest brewers, Chief Executive Mark Hunter said on Wednesday.

  • SAO PAULO/ BRUSSELS, July 5- Sao Paulo bar owner Arthur Santi has long served up boatloads of ice-cold Skol, one of Brazil's most popular beer brands and a mainstay of brewing giant Ambev SA. Bar by bar, Heineken is fighting for a bigger share of the world's third-largest beer market and an end to Ambev's dominance in Brazil. While beer consumption has stagnated in...

  • BRUSSELS, June 8- A' smart' bottle opener, weak and alcohol-free ales and lagers and cannabis brews- all visions of the future of beer offered at a brewing convention in Brussels this week. More than 700 brewers and beer experts, from small microbrewers to megabrew executives, converged in Belgium, for many the home of beer, to debate hot topics in the $600 billion...

  • LOS ANGELES, May 8- Yum Brands Inc's Pizza Hut chain is expanding a beer delivery test to nearly 100 restaurants in Arizona and California this month as industry leaders vie for market share in the face of sluggish growth. The enlarged Pizza Hut test will include Arizona cities such as Tucson, Prescott and Winslow. "Many Pizza Hut restaurants are already licensed...