Archives for April 13, 2011

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SABMiller faces final demand for huge Indian tax bill

By Mike Stones

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 country five years ago.

European food and drink industry shows mild recovery signs

By Mike Stones

Signs of mild recovery in the EU food and drink sector came with the confirmation of 1.5 per cent growth in the in 27 member states during the last three months of 2010 compared with the previous quarter, according to latest CIAA Economic Quarterly Bulletin.