AB Inbev and SABMiller shareholders approve takeover deal
28th Sep 2016 10:18
(ShareCast News) - SABMiller shareholders on Wednesday approved a $100bn takeover offer by Anheuser-Busch InBev. More than 95% of shareholders at SABMiller gave the green light to the £45 per share deal after stakeholders at Anheuser-Busch InBev also voted in favour of the takeover. SABMiller's tw
Read moreThursday newspaper round-up: SME confidence, ECB, insurers, SAB
22nd Sep 2016 07:51
(ShareCast News) - Confidence among small businesses is at a four-year low because of concerns among companies that the economy will weaken as Britain prepares to leave the European Union. A survey by the Federation of Small Businesses has revealed that confidence has fallen for the third consecutiv
Read moreAB InBev to cut 3% of workforce after merger
26th Aug 2016 11:24
(ShareCast News) - Belgian brewer Anheuser-Busch InBev said on Friday that its merger with SABMiller could result in thousands of job losses. According to documents related to the transaction, around 3% of the company's total workforce, or 5,500 jobs could be axed as AB InBev looks to make pre-tax s
Read moreSABMiller's shareholders can be split in two classes, judge rules
23rd Aug 2016 12:19
(ShareCast News) - Brewery and beverage giant SABMiller's shareholders can be treated as two classes when they vote on the £79bn takeover by rival Anheuser Busch InBev, a judge ruled on Tuesday. As a result of the ruling, the FTSE 100-listed company now needed 75% of SABMiller's shareholders, exclud
Read moreSunday newspaper round-up: Interest rates, EU single market, IHG, Poundland
7th Aug 2016 15:33
(ShareCast News) - Savers face five more years of record-low returns, with investors betting that the Bank of England will not undo last week's interest rate cut before the end of the decade. City traders expect Bank governor Mark Carney to slash borrowing costs again before the end of the year, the
Read moreAB InBev to take top roles in SABMiller takeover, 576 UK jobs could go
4th Aug 2016 14:00
(ShareCast News) - Brewing giant Anheuser-Busch InBev will take the top jobs following the £79bn takeover of rival SABMiller, while up to 576 UK jobs could go. AB InBev managers will take over 19 out 20 positions, in a agreement thought to make up for the weak sterling in light of Brexit. The decisi
Read moreMillerCoors meets volume expectations, though income declines
2nd Aug 2016 13:33
(ShareCast News) - SABMiller and Molson Coors Brewing Company reported that MillerCoors' second quarter underlying net income declined 3.8% to $468.8m against the same period last year on Tuesday. The US-based joint venture said the decline was driven primarily by the timing of shipments due to year
Read moreSunday newspaper round-up: SAB Miller, BoE, US elections
31st Jul 2016 17:39
(ShareCast News) - The maker of Budweiser is this weekend scrambling to find enough support among SAB Miller shareholders to ensure it can buy the FTSE 100 brewer for £79bn. Anheuser-Busch InBev, which also owns Stella Artois, is attempting to reach the hundreds of investors on SAB's register - incl
Read moreSABMiller board backs AB InBev offer after China gives deal final clearance
29th Jul 2016 13:52
(ShareCast News) - Belgian brewer Anheuser-Busch InBev's improved takeover offer of SABMiller has been back by the FTSE 100 company's board after it was given clearance by China's Ministry of Commerce. Later on Friday, director said they were unanimously recommending the 4,500p-a-share offer from AB
Read moreSABMiller puts AB InBev integration work on ice - report
27th Jul 2016 18:06
(ShareCast News) - SABMiller's management has reportedly placed work on integrating its operations with that of would-be suitor Anheuser-Busch InBev NV on ice for the time being. SABMiller apparently sent the request to employees, reported Bloomberg, citing a person familiar with the matter. Its mo
Read moreSector movers: Electricals advance, beverages slip
27th Jul 2016 14:35
(ShareCast News) - Electronic & electrical equipment was among the top-performing FTSE 350 sectors on Wednesday, with constituents Renishaw and Morgan Advanced Materials rising on earnings news. Engineering firm Renishaw reported a 44% slump in full-year pre-tax profit to £80m as revenue fell due to
Read moreAB InBev improves offer for SABMiller, 'unacceptable' say shareholders
26th Jul 2016 08:13
(ShareCast News) - Brewer SABMiller has received a new, final takeover offer of 4,500p from Anheuser-Busch InBev after the collapse of the pound and pressure from a group of new activist shareholders, but major shareholder Aberdeen Asset Management said that it remained "unacceptable". AB InBe
Read moreSunday newspaper round-up: Brexit, BT, Lloyds, energy companies
24th Jul 2016 11:22
(ShareCast News) - Plans to allow the UK an exemption from EU rules on freedom of movement for up to seven years while retaining access to the single market are being considered in European capitals as part of a potential deal on Brexit. Senior British and EU sources have confirmed that despite stro
Read moreSABMiller reports tough quarter as US approves AB InBev merger
21st Jul 2016 07:13
(ShareCast News) - Megabrewer SABMiller announced on Thursday that the US Department of Justice has given its clearance on the company's proposed combination with AB InBev. The FTSE 100 firm said that as part of the consent decree, AB InBev has agreed among other conditions to divest SABMiller's US
Read moreSunday newspaper roundup: Lloyds, UK trade deals, BAE, SABMiller, Lonmin, Uber
17th Jul 2016 12:43
(ShareCast News) - The new government could accelerate the re-privatisation of Lloyds Banking Group and scrap George Osborne's plan for a sale to retail investors, senior financiers believe. While Mr Osborne wanted to make a profit on every share in the bank, only selling when the price stood at abo
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