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News briefs: Diageo, PepsiCo and Cott

This week, Diageo's Korean operations receive a boost, PepsiCo may look to improve ingredient sourcing for its Indian operations, and Cott hopes to maintain shelf space at Wal-Mart's US stores.

France suspects industry of fiddling food prices

French prime minister Francois Fillon has pledged to weed out food companies that are using current high commodity prices as an excuse to boost their own margins, even if they...

Profits up for S&N buyers; deal timeline set

The acquisition of Scottish & Newcastle (S&N) by rivals Heineken and Carlsberg is expected during the second fiscal quarter 2008, it has been revealed, as all three parties this week...

Cadbury scraps shareholder payout after profit drop

Cadbury today said the demerger of its beverage arm will no longer result in any capital return to its shareholders, as the company reported profit losses for the tax year 2007.

SABMiller to stick with Russian expansion plan

SABMiller has reiterated its ambitions to expand into the burgeoning Russian beer market, though says it will not stray from its current strategy of driving organic growth in the market.

Premium push lifts Foster's half-year profits

Australia-based Foster's posted half-year sales growth of 3.2 per cent in organic terms to AUS$2.3bn (€1.4bn) as growing demand for its premium brands partially offset a slowdown in its US...

Coca-Cola profits from still and carbonated boost

Coca-Cola posted a 20 per cent improvement in operating revenues, amounting to $28.8bn during the full fiscal year as the company harnessed its international presence to drive growth in both...

Briefs: Diageo, Grolsch and Folgers Coffee

This week, Diageo posts half-year profit improvements thanks to Guinness and spirits, Grolsch continues to struggle with the UK premium lager market, and P&G reportedly hikes prices for its coffee...

S&N announces UK plant closure

Brewer Scottish & Newcastle (S&N) expects to close its Berkshire Brewery in England by 2010, in a bid to organise its production capabilities within the UK market to drive cost...

Coca-Cola takes Honest approach with innovation drive

Coca-Cola will acquire a 40 per cent stake in US-based organic beverage group Honest Tea, as part of an ongoing drive to focus on non-carbonated alternatives for its brands.

Diageo rules out Absolut move after Ketel deal

Diageo will not move for V&S' Absolut brand, after announcing this week that it will buy into a joint venture with a Netherlands-based premium vodka maker instead.

Pernod Ricard divests for key-brand drive

Spirit group Pernod Ricard is to sell off 14 sherry and brandy labels, excluding its Domecq brand, as it continues to focus on strong growth in the premium liquors segment.

Folgers to go solo in P&G profit shake up

Procter and Gamble (P&G) has announced that it will look to operate its folgers coffee operations as an independent business in a bid to improve the value of the brand,...

Pepsi Bottling Group captures full year sales growth

Full year sales were up seven per cent for the Pepsi Bottling Group (PBG) to $13.5bn, with the company expecting further growth ahead in 2008.

Diageo expands with premium US wine buy

Diageo is to expand its presence within the high growth US market for premium wines with the acquisition of national producer Rosenblum Cellars for $105m (€71m).

Brewers' war ends as S&N agrees to sale plan

It seems a case of third time lucky for Carlsberg and Heineken after the board of UK-based brewer Scottish & Newcastle (S&N) today agreed to an 800 pence per share...

News briefs: Pernod, Tata and Efes Breweries

This week, Pernod Ricard lifts its full year profitability expectations, Tata Tea is brewing expansion plans for entering retail, and Efes brewery posts sales volume growth.

S&N sales discussions kicks off amidst uncertainty

Scottish & Newcastle has today begun talks with Heineken and Carlsberg over a potential 800 pence per share sale, though an imminent deadline and possible interest from competition authorities could...

Lager volume gains keep SABMiller on target

Sales volume growth across SABMiller's regional markets, increased pricing and a favourable exchange rate over the US dollar are helping to keep the brewer on track for its full year...

Salzgitter to buy SIG Beverages unit

Leading steel firm Salzgitter is buying SIG Beverages from the Switzerland-based SIG packaging group, expanding its share of the plastic bottle market.

Coffee costs soar into 2008

Coffee prices continued to rise into 2008 on the back of increased costs at the end of 2007, according to new figures from the International Coffee Organisation (ICO).

Irn Bru maker thinks functional for purchase plan

Soft drink maker AG Barr is to expand into the burgeoning market for functional beverages and waters with the acquisition of the Vitsmart and Vitaminsmart labels from Chartered Brands.

S&N rejects improved Carlsberg and Heineken bid

The board of brewer Scottish & Newcastle has today rejected yet another attempt by Carlsberg and Heineken to jointly acquire its operations with an improved 780 pence per share bid,...

S&N detail joint venture arbitration ambitions

As the deadline ticks down for brewer Carlsberg to acquire joint venture partner Scottish & Newcastle, both companies are going for the jugular in a battle that may significantly shake...

Demand strain drives SABMiller Polish expansion

SABMiller's Polish arm Kompania Piwowarska received the go ahead on Friday by competition authorities to acquire local brewer Browar Belgia to ease strain on its production for an undisclosed sum.

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