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SABMiller PLC (SAB.LN) Thursday said it is prioritizing cost savings, price increases and sales of premium lager across emerging markets, but the brewer's annual profit fell.Developing beer economies support global brewers as Western beer markets struggle, but SAB Miller has also warned of slowing economic growth in key Latin American markets.The London-based producer of a wide range of brands, including Miller Genuine Draft and Grolsch, has flagged softer conditions in key countries such as Colombia and Ecuador, where it has lucrative leading positions. Beer volumes there have been hit by the timing of price increases, a ban on alcohol sales in the run-up to elections and trade restrictions.Other regions are also proving problematic for new Chief Executive Alan Clark, who took the reins from Graham Mackay in April, three months earlier than planned.Sluggish beer volumes in the U.S., where rival Anheuser-Busch InBev NV (BUD) recently reported weak sales, and tough trading conditions in...
European stock markets dropped on Monday, with shares of Carlsberg AS among the biggest decliners after a disappointing earnings report.The Stoxx Europe 600 index lo...
European stock markets dropped on Monday, with shares of Carlsberg AS among the biggest decliners after a disappointing earnings report and as an Asia rally failed t...
European stock markets dropped on Monday, with banks and mining firms leading the charge lower, as an Asia rally failed to lift the mood in Europe.The Stoxx Europe 6...
Danish brewer Carlsberg reported a weaker-than-expected quarterly profit after sales stalled in its key Russia market and fell in western Europe.The world's fourth b...
Danish brewer Carlsberg A/S (CARL-A.KO) said Monday it will look to capitalise on growth opportunities in Asia this year while looking for efficiencies in a challeng...
Heineken NV (HEIA.AE) Wednesday said it anticipates continued volume and revenue growth in 2013 as it capitalizes on its acquisition of Asia Pacific Breweries Ltd. (...
Danish brewer Carlsberg has signed a deal with a privately owned local beverage company, Myanmar Golden Star (MGS) Breweries, to brew and market Carlsberg beers in t...
For self-made Thai billionaire Charoen Sirivadhanabhakdi, the takeover of Singapore's Fraser and Neave Ltd (F&N) will add legions of assets to his drinks and real es...
Facing national criticism on issues ranging from taxes to marketing practices, Denmark's largest bank is taking further action to gain back public trust by having it...
Danish brewer Carlsberg A/S (CARL-A.KO) has completed its purchase of all outstanding shares in Baltika Brewery (PKBA.RS), raising its stake in the Russian beer comp...
SABMiller PLC (SAB.LN) Thursday warned of slowing economic growth in some of its markets, but still posted higher profit and revenue."Broad-based revenue and profit ...
British American Tobacco PLC (BTI) is seeking to sell 10-year euro bonds Monday, the latest company in recent days to take advantage of favorable borrowing condition...
SABMiller , the world's second biggest brewer, reported profit growth in line with expectations thanks to a surge in earnings in Latin America and Africa and said it...
A thirst for beer among Africa's middle classes is driving the world's biggest brewers to invest on the continent, but getting women to drink the beverage is another...
Europe's benchmark stock index closed at a record 2013 level on Tuesday, with banks in the lead after well-received earnings reports from heavyweight HSBC Holdings P...
European stock markets moved higher on Tuesday, with banks rallying after earnings reports from heavyweight HSBC Holdings PLC and SociÛtÛ GÛnÛrale SA.The Stoxx Europ...
European equities nudged higher on Tuesday, with sentiment boosted by a record high in the German DAX index, forecast-beating earnings and prospects of sustained cen...
Danish brewer Carlsberg A/S (CARL-A.KO) said Tuesday it swung to a first quarter net profit, driven by strong growth in Asia and improving volumes in Eastern Europe....
Carlsberg has launched a partial take-over bid worth 2.65 billion Danish crowns ($461.49 million) for 30.31 percent of the shares in Chongqing Brewery Company <60013...
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