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 its
carbonated and non-carbonated brands.
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, though it may
yet be forced to sell.
In this week's briefs, Coca-Cola Enterprises lifts sale
expectations for the year ahead, the Absolut vodka brand will go
the highest bidder at an upcoming auction, and Pepsi consolidates
its bottling presence in the US.
Carlsberg and Heineken will stand by a rejected joint-offer made
last month for British-based rival Scottish and Newcastle
(S&N), despite recent research suggesting that an improved bid
would likely be accepted by shareholders.
Coca-Cola Amatil (CCA), a major soft drinks producer in Australia
and Asia, has acquired the country's Bluetongue brewery brand to
extend its premium beer focus in a bid to further diversify its
SABMiller warns of problems ahead due to rising cost of raw
materials; Constellation Brands acquires US wine business of
Fortune Brands; and Scottish & Newcastle rejects
sweetened takover offer from Carlsberg and Heineken.
The Coca-Cola Company hopes to meet growing demand for
ready-to-drink coffee products by announcing yesterday that it
will extend an agreement with Italian group Illycaffè to form a
three-way joint venture with one of its bottling...
Rounding up the beverage business this week: Coca-Cola Enterprises
and Anheuser Busch continue to increase profits against cost
difficulties, while Japanese brewer Asashi takes steps to protect
itself from declines in its native beer...
In what is proving a busy week for the beverage business, Scottish
& Newcastle may be bought out by a consortium of rival brewers,
while profitability is up for soft drink manufacturers the
Coca-Cola Co. and Britvic.
The environment, corporate governance and workers rights are
transforming the way managers oversee their global manufacturing
operations, as demonstrated in Coca-Cola's second report on its
progress in these areas.
Emerging markets in Europe and Asia continue to boost the global
profitability of Coca-Cola's brands as two of its regional bottlers
yesterday posted optimistic growth expectations for the fiscal
Coca-Cola Enterprises posted a four per cent increase in sales
to $5.6bn (€4bn) for its second quarter as it continues
to restructure its operations amidst changing consumer demand in
the soft drinks market.
Coca-Cola North America has announced its plans to launch Diet Coke
Plus, a carbonated calorie-free beverage with the added value of
vitamins and minerals, that could put the concept of functionality
at the front line of the soft...