Wednesday newspaper round-up: BoE bullying, pensions liabilities, Poudland, Rolls
13th Jul 2016 06:59
(ShareCast News) - Mark Carney may have bounced the Bank of England into an unnecessary interest rate cut by calling for stimulus only days after the Brexit result, leading economists have warned in a fierce attack on the governor. Former Bank policymakers and other senior economists said that Mr Ca
Read moreAB Inbev probe begins over rigging of Belgian beer market
30th Jun 2016 11:17
(ShareCast News) - As it looks to seal the acquisition of SAB Miller, Anheuser-Busch InBev will face an antitrust probe the European Commission over possible abuse of its dominant position in the Belgian beer market. EC competition chief Margrethe Vestager suggested AB Inbev hindered imports of its
Read moreSouth Africa approves SABMiller's merger with AB InBev
30th Jun 2016 10:17
(ShareCast News) - The Competition Tribunal of South Africa has approved with conditions Anheuser-Busch InBev's combination with SABMiller. The $108bn merger, which was announced last year and will create the world's largest brewer, is now on track to close in the second half of 2016. AB InBev has
Read moreSocGen outlines post-referendum trade ideas
22nd Jun 2016 09:57
(ShareCast News) - Remain is the central scenario in Societe Generale's equity allocation model and the FTSE 100 is one of its preferred indices, the bank said as it outlined its equity trade ideas for both outcomes. In the event of a Brexit, SocGen expects that on 24 June and the following days, th
Read moreSABMiller-AB InBev deal nears China watchdog approval - report
8th Jun 2016 13:31
(ShareCast News) - The mega-acquisition of SABMiller by Anheuser-Busch InBev NV is nearing sign-off by China's commerce watchdog after agreeing to divest some assets, a report says. Although China's Ministry of Commerce might attach some conditions to the deal, it apparently saw no major hurdles, re
Read moreLondon pre-open: Stocks seen lower as attention shifts to Fed
18th May 2016 07:33
(ShareCast News) - London stocks were expected open lower on Wednesday amid rising expectations the Federal Reserve will hike interest rates in June. The FTSE 100 was seen opening down 28 points from Tuesday's close at 6,140. Following on from a batch of upbeat US data and hawkish comments
Read moreCurrency causes full-year headaches for SABMiller
18th May 2016 07:09
(ShareCast News) - Megabrewer SABMiller reported a 10% drop in revenue for the year in its preliminary results on Wednesday to $19.8bn, though the company did claim 7% organic revenue growth at constant currencies in the year to 31 March. The FTSE 100 firm, currently the subject of an acquisition an
Read moreAB InBev shuffles assets with Ambev ahead of SABMiller combination
13th May 2016 07:10
(ShareCast News) - Megabrewers Anheuser-Busch InBev and FTSE 100-traded SABMiller did some asset-shuffling with Brazilian brewer Ambev this week, ahead of the proposed combination of the British and Belgian companies AB InBev confirmed it has entered into an agreement with Ambev, in which it will tr
Read moreLight beers put more fizz into MillerCoors
3rd May 2016 12:34
(ShareCast News) - MillerCoors, the joint venture between SABMiller and Molson Coors, has served up some strong growth in the first quarter as 'Lite' beer brands both enjoying their strongest volume since the JV began. First quarter underlying net income of $372.1m was up 22.2% on the same period la
Read moreSABMiller could spin off more European assets
29th Apr 2016 07:48
(ShareCast News) - Brewing giant SABMiller is set to spin off its businesses in central and eastern Europe, as part of the package of commitments being agreed between its suitor AB InBev and the European Commission. The FTSE 100 firm confirmed these divestments are in addition to the agreed sale of
Read moreLondon pre-open: Stocks seen higher as investors eye UK retail sales
21st Apr 2016 07:34
(ShareCast News) - London stocks were expected to open in the black on Thursday, taking their cue from positive US and Asian sessions as oil prices edged higher. The FTSE 100 was seen starting 12 points higher than Wednesday's close at 6,422. Investors in the UK will eye the release of retail sales
Read moreWeaker currencies hit SAB Miller NPR; lager volumes up
21st Apr 2016 07:15
(ShareCast News) - SABMiller said group net producer revenue fell by 5% for the fourth quarter and 8% for the full year on a reported basis due to the adverse translational impact depreciation of its key operating currencies against the US dollar. On a constant currency basis full-year group NPR gre
Read moreFTSE 100 movers: SABMiller higher, while Brexit risk drags housebuilders
15th Apr 2016 15:23
(ShareCast News) - The FTSE 100 was in the red on Friday afternoon, as investors reacted to slower growth in China, with lower oil prices and Brexit concerns also affecting the markets. SABMiller was among the leaders, after fellow brewing conglomerate Anheuser-Busch InBev agreed to create a ZAR 1bn
Read moreDirector dealing: Icap's new CFO dips in
30th Mar 2016 14:27
(ShareCast News) - The day after Icap gained final approval to sell its voice broking arm, finance director Stuart Bridges showed his confidence in the deal with a £118,425 purchase of shares. Bridges, who joined the interdealer broker from the same role at specialist insurer Hiscox in September
Read moreAB InBev agrees sale of SABMiller stake in Snow beer
2nd Mar 2016 07:14
(ShareCast News) - Ahead of the completion of its takeover of SABMiller, Anheuser-Busch InBev has agreed to sell the FTSE 100 company's stake in the world's largest beer brand for $1.6bn. AB InBev agreed the sale of SAB's 49% interest in a Chinese joint venture, China Resources Snow Breweries, to jo
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