ABI-SABMiller merger won't cause European beer market hangover, Moody's says
2nd Feb 2016 15:14
(ShareCast News) - Anheuser-Busch InBev's merger with SABMiller is unlikely to alter the competitive landscape of the European beer market over the next 12-24 months as it will take time for the combined entity to hit its stride, according to Moody's. In a note to clients on Tuesday, the ratings age
Read moreSABMiller's strong results hit by US dollar
21st Jan 2016 07:16
(ShareCast News) - SABMiller has posted strong net producer revenue (NPR) growth for the third quarter, however that has been knocked back due to the US dollar. The company said it saw 7% growth across the group for the three months to 31 December 2015. However when foreign exchange was taken into a
Read moreThursday newspaper round-up: Sports Direct, CMC Markets, China
14th Jan 2016 06:49
(ShareCast News) - Hedge fund manager Crispin Odey used the weakness in Sports Direct's share price following its profit warning last week to rebuild his stake in the retailer. Despite saying last Friday he had "seen the writing on the wall", Mr Odey's hedge fund, which bears his name, is understood
Read moreCamden Town to become another AB InBev brand
21st Dec 2015 15:30
(ShareCast News) - Britain's craft beer market was being watered down further on Monday, with the announcement that one of London's most popular craft breweries was being snapped up by Belgian beer behemoth Anehuser-Busch InBev. In an announcement, Camden Town Brewery described the deal as a 'partne
Read moreConsumer companies will suffer from exposure to EMEA, says Moody's
7th Dec 2015 14:00
(ShareCast News) - Companies in consumer-facing industries like beverages and clothing with strong exposure to Europe, the Middle East and Africa (EMEA) are going to lag global sales and profit growth in 2016, Moody's has warned. The credit agency said the slowdown in emerging markets, increasing pr
Read moreAB InBev explores selling SAB Miller's premium European brands
3rd Dec 2015 07:33
(ShareCast News) - AB InBev is looking at flicking off a number of SAB Miller's premium European brands to satisfy any regulatory concerns that might come out of its proposed takeover. The brewers announced the possible sale on Thursday, as AB InBev seeks to acquire SABMiller. The brands which cou
Read moreAB InBev plans to sell major SAB beer brands to satisfy regulators
29th Nov 2015 10:48
(ShareCast News) - Beer brands Peroni and Grolsch will be put up for sale ahead of a decision by EU regulators on the planned merger of Anheurer-Bushcn InBev with SABMiller, according to reports. Advisers have already been briefed about the sale, City sources told the Sunday Times. Discussions are
Read moreTuesday broker round-up
17th Nov 2015 10:15
(ShareCast News) - Tesco: Citigroup upgrades to buy. Target price: 230.00p. Sabmiller: Nomura downgrades to neutral, raises target price to 4400.00p. Taylor Wimpey: Deutsche reiterates to buy, raises target price to 233.00p.
Read moreBerenberg upgrades AB InBev on 'match made in heaven'
13th Nov 2015 10:56
(ShareCast News) - Berenberg downgraded its rating on SABMiller to 'hold' from 'buy', saying it sees no further upside to the standalone company following Anheuser-Busch InBev's formal £44 a share offer for the London-listed brewer. Berenberg upped its price target on the stock to the offer price of
Read moreFriday broker round-up
13th Nov 2015 09:23
(ShareCast News) - Spire Healthcare Group: JP Morgan Cazenove downgrades to neutral, cuts target price to 310.00p. Weir Group: Deutsche upgrades to buy, bumps down target price to 1360.00p. Imi: JP Morgan Cazenove downgrades to neutral, reduces target price to 930.00p. SABMiller: Berenberg Bank do
Read moreSABMiller's director to stay on in wake of AB InBev's deal
13th Nov 2015 09:08
(ShareCast News) - Tony Van Kralingen has postponed his retirement and will continue as SABMiller's director of integrated supply and human resources, the drinks giant said. In April this year, Van Kralingen had announced he would step down from the board at the end of 2015, with his role to be spli
Read moreThursday newspaper share tips: Great Portland Estates, Inbev/SAB Miller
12th Nov 2015 16:52
(ShareCast News) - The great divide in property values is still growing between London and the rest of the UK - and that's all the more reason to hold on to shares in Great Portland Estates, said The Telegraph on Thursday. Rents at the investment trust were pushed up 6.5% in the six months to 30 Sep
Read moreLondon pre-open: Investors are all ears ahead of ECB's Draghi, Fed's Yellen
12th Nov 2015 07:51
(ShareCast News) - Will the European Central Bank pull the trigger on a new round of quantitative easing when it meets in December? It is with exactly that question foremost in their minds that investors will be waiting on this afternoon's testimony by ECB president Mario Draghi before the European
Read moreStrong dollar takes froth off SAB Miller interim profits
12th Nov 2015 07:06
(ShareCast News) - A stronger US dollar provided little cheer at brewing giant SABMiller where interim pre-tax profits fell to $2.3bn from $2.82bn as the company said currency headwinds would prevail in the second half of the year. Revenues at were also down to $9.9bn from $11.3bn, while earnings be
Read moreSABMiller and AB InBev seal takeover
11th Nov 2015 08:18
(ShareCast News) - Anheuser Busch-InBev has made a formal offer to buy London-listed rival SABMiller for £44 a share in cash, the companies confirmed on Wednesday. The deal, which is expected to complete in the second half of next year and follows months of negotiations and extended deadlines from t
Read more