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News in brief

CCA to sell Pacific Beverages stake if SAB Miller goes for Foster’s

Coca-Cola Amatil (CCA) has agreed to sell its stake in the Pacific Beverages joint venture to its partner SAB Miller if the latter acquires Foster’s.

Analysts lukewarm over SAB Miller’s move on Foster’s

SAB Miller is likely to go higher to secure the purchase of Foster’s, but with the Australian beer market in decline, analysts have questioned the potential value of a tie-up....

SAB Miller to persevere after bid for Foster’s is rejected

SAB Miller has promised to continue negotiations with the Foster’s board after its $10bn takeover bid was rejected.

Wild CEO sees IPO as door to emerging market growth

A year after natural ingredients supplier Wild announced plans to go public, CEO Michael Ponder explained what an IPO can do for the company and what will determine its timing.

Diageo invests £105m in Cameronbridge distillery

Diageo has dramatically upped efficiency and production in parallel with a £105m investment programme at its Cameronbridge distillery, which makes leading Scotch whisky and white spirit brands.

New report helps combat threats to brewery sponsorship, says organisation

A new report into the role of brewery sponsorship of community and public events could help the industry fight against potential legislative threats, according to The Brewers of Europe.

Dry weather leaves brewers with malting barley supply crisis

A dry spring in much of Europe has sent malting barley prices shooting upwards – adding to the woes of brewers already under pressure from weak beer demand, according to analysts.

Charity still begins abroad, Innocent insists

Smoothie manufacturer Innocent insists it remains committed to its charitable partners after a media report today claimed it had donated nothing to its principal foundation since 2008.

News in brief

Irn-Bru maker reports strong quarterly sales

AG Barr, the Scottish manufacturer of Irn-Bru, has reported a 6.3 per cent increase in sales revenue in the latest quarter despite higher promotion spending from rivals.

IFF reports strong Q1 growth aided by beverages and confectionery

Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up...

Carlsberg CEO downplays threat of Russian PET beer bottle ban

The head of Carlsberg has downplayed a proposed ban on PET beer bottles in Russia, adding that he thinks it is not likely to become law.

News in brief

Nestle Waters buys up organic and natural tea company

Nestle Waters has agreed to buy Sweet Leaf Tea after investing $15.6m in the Texas-based iced tea company in 2009.

Diageo and Pernod Ricard enjoy strong sales start to 2011

Spirits rivals Diageo and Pernod Ricard are toasting a successful start to 2011, having beaten market expectations for the first three months of the year.

Pricing protects AB InBev from stagnant quarterly beer volumes

Higher prices have helped AB InBev post a 5.6 per cent increase in quarterly revenue despite bad weather in Brazil and persistent unemployment in the US.

EU gives the okay to big Brazilian orange juice merger

The European Commission has approved the merger of Citrovita and Citrosuco - two orange juice businesses that together process 40 per cent of the orange juice from Brazil.

Foster’s wine and beer split could pave way for bidders

Investors in Foster’s have voted overwhelmingly for a wine and beer demerger that analysts say could spark off a round of M&A bidding.

Coca-Cola is recovering better than PepsiCo in beverages, says analyst

PepsiCo has beaten analyst expectations for first quarter profits but Morning Star analyst Philip Gorham believes that in beverages Coca-Cola is recovering better from the recession.

Coca-Cola estimates financial fallout of Japanese earthquake

Coca-Cola has put a figure on the likely impact on its finances of the earthquake and tsunami in Japan after publishing first quarter results that fell slightly below Wall Street...

Coffee prices reach highest point since 1977

Speculative demand has pushed coffee prices up through the $3 a pound barrier, taking them to their highest level for over 30 years.

SABMiller faces final demand for huge Indian tax bill

India’s regulatory authorities have issued a final demand for beer brewing giant SABMiller to pay a $39.5m (£24m) tax bill following its acquisition of Australian brewer Fosters’ assets in the...

SABMiller invests $15m in South Sudan operations

SABMiller subsidiary Southern Sudan Beverages (SSBL) is investing $15m to expand production capacity at its two-year old brewery in Juba.

SABMiller improves guidance for Africa

SABMiller has increased its medium term guidance for its Africa division following significant capital investment in 2009 and 2010.

Regulator blocks Asahi's soft drink plans in Australia

Asahi’s proposed acquisition of P&N Beverages has met with opposition from Australian regulators, which are eager to maintain competition in the country’s highly concentrated soft drink market. ...

Brazilian rains dampen an upbeat AB Inbev

Persistently high unemployment rates in the US and heavy rains in Brazil are expected to dampen AB InBev volumes at the start of 2011.

Coffee commodity prices head towards all-time high

Coffee commodity prices are edging towards highs that were last seen in 1977 as carry over stock from last season runs low.

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