Drinks giant AB InBev rebrands as Budweiser Brewing Group UK&I Beer behemoth AB InBev has changed its UK name to Budweiser Brewing Group UK&I as it doubles down on its commitment to the region after Brexit. The world’s biggest brewer, whose brands include Budweiser and Stella Artois, said the more recognisable name will boost awareness of the company and marks the firm’s latest show of [...]
World’s largest brewer AB InBev considers public listing of Asian operations Brewing giant Anheuser-Busch InBev is eyeing up a partial flotation of its Asian business in a move that could raise billions of dollars. The brewer behind major beer brands including Budweiser and Stella Artois is in discussions with bankers about a potential initial public offering (IPO) in Hong Kong that could help to reduce its [...]
SABMiller appoints Domenic De Lorenzo as new finance chief SABMiller has appointed Domenic De Lorenzo as its new chief financial officer . De Lorenzo has been acting chief financial officer for the beer giant since February – his permanent appointment was announced in a statement this morning. The company’s chief executive Alan Clark called De Lorenzo an “outstanding candidate”. He has quickly made a positive impact [...]
SABMiller falls flat as revenues lose sparkle after dollar woes May 13, 2015 Shares in SABMiller crept up yesterday as investors shrugged off the firm’s dollar woes and instead focused on the fundamentals. The world’s largest brewer saw its full-year results take a hit as the strong dollar weighed heavily on revenues. The firm continued to target the expanding markets of Africa and Latin America, spending $1.6bn (£1bn) [...]
SAB Miller says profits flat on strong dollar May 13, 2015 The figures One of the world's largest brewers, SAB Miller, said full-year revenue rose six per cent to £233.bn in the year to the end of March, minus the effects of adverse exchange rate movements. However on a reported basis, it fell by two per cent. Meanwhile, pre-tax profit was flat at $4.83bn, compared with $4.823bn a year earlier. [...]
SABmiller eyes up African beer market growth March 9, 2015 Affordable brands and more disposable income were the key to success said SABMiller yesterday, as it claimed the African market was coming of age. The multinational beverage company said the continent was showing great promise as a market for beer and SABMiller was best-placed to capitalise on the opportunity. The firm said the average beer [...]
Marks & Spencer’s chairman Robert Swannell joins remuneration committee as SABMiller chairman Jan du Plessis steps down March 4, 2015 Marks & Spencer chairman Robert Swannell is joining the high street giant's remuneration committee after a shake up of the non-executive board. The move has been prompted by the departure of SABMiller chairman Jan du Plessis, who is stepping down from the Marks & Spencer board today (March 4). Du Plessis, who has [...]
SABMiller’s Asia beer volumes get China chills October 14, 2014 PERONI and Carling brewer SABMiller saw poor summer weather in China hit its larger sales in the second quarter, while strong soft drink sales and higher prices helped to support revenue growth of five per cent during the second quarter to 30 September. SAB has been trying to offset sluggish growth in developed markets by [...]
A pint with your meal? SABMiller targets women and wine drinkers in new strategy October 6, 2014 Could beer become as popular with women as coffee? That is certainly what SAB Miller chief executive Alan Clark and marketing director Nick Fell are banking on. In an investor seminar in London today, the pair talked through plans to build the company – which owns brands including Coors, Grolsch, Peroni and, of [...]
Profits soar as SABMiller plans further savings May 22, 2014 SABMILLER, the world’s second largest brewer, led the FTSE 100 risers yesterday after it posted a three per cent rise in profits to $4.8bn (£2.8bn) for the year ended 31 March, beating market expectations. The brewer also announced it would aim to make an additional $500m a year in savings by the financial year ending [...]