18th Mar 2015 15:20
Analysts at Investec Securities took the fizz out of beverage industry giant SABMiller, after they downgraded the stock citing subdued growth and flat earnings. The brokerage forecast earnings for the next two years to be "materially below consensus", adding that it expected currency headwinds to we
Read more12th Mar 2015 16:01
SABMiller is a "key M&A play", according to analysts at Exane BNP Paribas, who said "it's now or never for a bid" for the company from Dutch brewing giant Anheuser-Busch InBev. The broker, which started coverage of SABMiller with an 'outperform' recommendation, said: "Now is arguably the best time f
Read more12th Mar 2015 15:07
Investors were holding up a glass to Stock Spirits on Thursday after annual results impressed, while upbeat broker comments boosted Diageo and SABMiller, giving the UK beverages sector a lift in afternoon trade. Stock Spirits shares were up 8.4% at 206.75p after the Central and Eastern European bran
Read more9th Mar 2015 07:57
Brewing giant SABMiller has said that more affordable drinks and "middle-class aspirations" are behind the long-term growth potential in the African beer market. The Peroni and Grolsch maker expects the rate of beer consumption across the continent - currently at just nine litres per head each year
Read more19th Feb 2015 16:33
It was another subdued finish for London's stocks on Thursday as the market continued to fluctuate at a 15-year high on the back of mixed newsflow about Greece and uncertainty regarding global monetary policy. The FTSE 100 finished the session down just 0.1% at 6,888.90. The index has stayed broadly
Read more19th Feb 2015 11:39
UK stocks had erased earlier losses by Thursday lunchtime as hopes about Greece outweighed uncertainty arising from the minutes of the latest Federal Reserve policy meeting. The FTSE 100 was up just 0.02% at 6,899.24 by midday, having bounced off an intraday low of 6,858.67 reached early on. The in
Read more19th Feb 2015 11:33
The consensus stance of a 'hold' at Centrica is likely to see downwards pressure, according to Hargreaves Lansdown Stockbrokers, after the energy provider disappointed the market on Thursday. Analyst Keith Bowman said the dividend cut is a "major blow" to investors with the search for income yield b
Read more19th Feb 2015 09:56
The abrupt resignation of SABMiller's chief financial officer Jamie Wilson is "certainly a surprise", according to Shore Capital. The beverages group said on Thursday that Wilson had stepped down for personal reasons and will exit the board immediately, declining to comment on the reasons for the de
Read more19th Feb 2015 08:43
Uncertainty surrounding the future of monetary policy in the States was weighing on UK stocks on Thursday morning, after the Federal Reserve showed it was wary of raising rates too soon. The FTSE 100 was down 0.3% at 6,879 early on, with energy provider Centrica and defence contractor BAE Systems le
Read more19th Feb 2015 07:34
UK stocks were expected to track Wall Street lower on Thursday morning after minutes from the latest Federal Reserve meeting showed that policymakers are wary of raising interest rates too soon. City sources predict the FTSE 100 will open 18 points lower than Wednesday's close of 6,898.08. UK marke
Read more19th Feb 2015 07:31
SABMiller's chief financial officer Jamie Wilson has resigned with immediate effect from the company for personal reasons. Current director of group strategy Domenic De Lorenzo will replace him until the someone is chosen to fill the role permanently. Wilson will exit the board immediately and will
Read more16th Feb 2015 14:11
Afren came top of the fallers as the company revealed it was in rescue deal discussions with bondholders and other lenders after last week's announcement that talks for a combination with Seplat Petroleum had been terminated. The company said it was continuing discussions with the advisers to its la
Read more10th Feb 2015 12:55
SAB Miller has revealed that fourth-quarter net income fell at MillerCoors, its joint venture with Molson Coors that contributed 15% of volumes in the first half of the year. The FTSE 100 group also announced Tom Long, the 56-year-old chief executive of this 58%-owned North American business unit, h
Read more28th Jan 2015 15:36
The chief financial officer (CFO) of SABMiller has raised over one million pounds from selling shares one week after the beverages group reported a decline in lager volumes due to falling sales in China and North America in its third quarter. James Wilson, who joined the firm in 2005 and was appoint
Read more22nd Jan 2015 15:32
A director of SABMiller bought some shares showing confidence in the business one day after it said it suffered more difficult trading conditions in China and North America that held back overall performance. Geoffrey Bible, a non-executive director in the beverages group, spent £118,626 purchasing
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