SABMiller reportedly rejects informal offer from AB InBev
6th Oct 2015 11:16
(ShareCast News) - SABMiller has reportedly rejected an informal takeover offer from Anheuser-Busch InBev that it considered too low. According to Bloomberg, the initial proposal to the brewer made last week was worth slightly over £40 a share, falling short of the £45 the company's executives and s
Read moreLondon pre-open: Stocks seen higher as hopes of loose monetary policy underpin sentiment
6th Oct 2015 07:43
(ShareCast News) - Stocks in London are expected to post modest gains at the open as the prospect of loose monetary policy continues to underpin sentiment. The FTSE 100 index is seen opening up 24 points at 6323. On the macroeconomic front, there are no major UK data releases due, but eyes will be
Read moreSABMiller revenues up 4% but dollar fluctuation dents performance
6th Oct 2015 07:12
(ShareCast News) - SABMiller's group net producer revenue has risen by 4% after a strong second quarter, but dollar fluctuation caused the company some issues. The beer and soft drink producer released its trading update for the six months to 30 September on Tuesday, ahead of schedule due to a po
Read moreAB InBev expected to put in bid for SABMiller this week
4th Oct 2015 15:19
(ShareCast News) - Brewing giant Anheuser-Busch InBev is this week expected to submit a revised bid to SABMiller after apparently making an informal initial offer of around £40 a share. Talks between the two groups are said to be forward-moving since negotiations began. According to the Telegraph,
Read moreSABMiller surges on reports of AB InBev deal funding
29th Sep 2015 16:38
(ShareCast News) - AB InBev has reportedly lined up Bank of America, Santander and Deutsche Bank among others for $70bn of funding for a possible SABMiller deal, Bloomberg reported on Tuesday. The Sunday Times reported over the weekend that talks between the two brewing giants were warming up and ca
Read moreFTSE 100 Movers: SABMiller rises on offer speculation; Glencore hammered
28th Sep 2015 13:35
(ShareCast News) - The FTSE 100 was trading 96.88 points or 1.59% lower at 6,012.13 by mid-afternoon on Monday. SABMiller fought the trend and rose on the back of news on Sunday that an offer for the brewing giant could be tabled by AB InBev much sooner than originally anticipated. The Sunday Times
Read moreSunday newspaper round-up: SAB Miller, Tesco, Wm Morrison
27th Sep 2015 16:25
(ShareCast News) - AB Inbev could table a £70bn bid for SAB Miller this week, firing the starting gun on the biggest-ever takeover of a British company. Over recent days the world's two biggest brewers have begun "friendly" talks, sources said. The discussions continued into yesterday, with Budweise
Read moreSABMiller set to receive formal offer from AB InBev sooner than expected
27th Sep 2015 13:32
(ShareCast News) - An offer for SABMiller could be tabled by AB InBev much sooner than originally anticipated, with a first bid possibly submitted as early as Monday. Talks between the two brewing giants are said to have been warming up and carried on into the weekend. While SABMiller is taking a t
Read moreSunday newspaper round-up: Bond crisis, Altria's SAB stake, ITV, Anglo's dividend
20th Sep 2015 16:49
(ShareCast News) - The Bank of England will warn this week of a potentially damaging liquidity crisis in the gigantic market for government and corporate bonds, the Sunday Times said. A six-month investigation into bond markets culminates in a BoE's financial policy committee (FPC) meeting on Wednes
Read moreSABMiller major shareholder Altria preparing for full bid from AB InBev
20th Sep 2015 16:02
(ShareCast News) - Cigarette maker Altria, owner of a 27% stake in SABMiller, is reportedly interested in selling its stake as part a formal bid from the world's largest brewer, Anheuser-Busch InBev, which last week announced an informal approach for its fellow drinks giant. The Marlboro cigaratte m
Read moreBroker tips: SSE, British American Tobacco, SABMiller
17th Sep 2015 17:14
(ShareCast News) - Energy company SSE has been downgraded by Credit Suisse due to lower gas prices and recent government moves increasing the risk around renewable subsidies. Credit Suisse cut what it admitted was a "solid performer" to a 'neutral' recommendation, with its target price trimmed to 1,
Read moreRBC Capital upgrades SABMiller on AB Inbev approach
17th Sep 2015 12:06
(ShareCast News) - RBC Capital Markets upgraded SABMiller to 'sector perform' from 'underperform' and raised its price target to 3,800p from 3,100p on Wednesday's news of an approach by AB Inbev. The Canadian bank said its new price target is derived assuming a multiple of 17 times prospective EBITD
Read moreThursday newspaper share tips: SABMiller, JD Sports Fashion and Smart Metering Systems
17th Sep 2015 10:37
(ShareCast News) - It's time to say cheers and order another round in for SABMiller, according to Lex in the Financial Times. It comes on the back of Wednesday's news that AB InBev is planning a takeover of the brewing company. The value is big (a combined enterprise value of $306bn and combined net
Read moreSector movers: Commodity stocks gain in 'risk-on' session
16th Sep 2015 16:44
(ShareCast News) - Risk on was the name of the game on Wednesday, as traders positioned themselves for the outcome of the US Federal Reserve's interest rate decision on the next day. That put a wind in the sails of commodity-related stocks, which as a group did best on the top flight index. Glencor
Read moreFTSE 100 movers: SABMiller cheers market
16th Sep 2015 13:53
(ShareCast News) - The FTSE 100 was up 1.2% with the index of leading shares up 75.8 points to 6,212. The main riser was SABMiller, which surged 21% on after it responded to recent press speculation by confirming that Anheuser-Busch InBev has informed the company that it intends to make an offer. R
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