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MillerCoors Delivers 5.5% Underlying Net Income Growth For 2013

SABMiller plc (LN:SAB; OTC:SABMRY) and Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) reported that MillerCoors underlying net income grew 5.5 percent for the full year 2013 to $1.290 billion, while fourth quarter underlying net income increased 30.2 percent to $241.9 million versus the same period in the prior year. “With our strong fourth quarter profit growth, we have momentum going into the new year ...

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BEAM REPORTS 2013 FOURTH QUARTER AND FULL YEAR RESULTS

Beam Inc. (NYSE: BEAM), a leading global premium spirits company, today reported results for the fourth quarter and full year 2013. For the full year 2013, reported net sales increased 4% to a record $2.55 billion. Net sales for the year were up 2% on a comparable basis, which adjusts for foreign exchange and acquisitions/divestitures.  A challenging year-over-year comparison in India adversely impacted ful ...

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Britvic plc (“Britvic”) Q1 Interim Management Statement to 22 December 2013

  Britvic today reports its Q1 trading performance for the 12 weeks to 22 December 2013 and remains on track to deliver full year EBIT in line with previous guidance of £148m to £156m. Despite a continued challenging consumer environment in all of our markets revenue increased by 2.8% (Actual Exchange Rate) and 1.3% (Constant Exchange Rate) to £311.8m. The move of the Ireland Business Unit to weekly re ...

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Barry Callebaut demonstrates Scandinavian excellence through ASM range

At ISM 2014 in Cologne (Hall 10.2 booth C010- D019) Barry Callebaut will present its range of uniquely tasting ASM compound chocolates and fillings Scandinavian excellence: the taste of tradition combined with customized innovation Innovative and tailor-made fillings demonstrate high workability and flexibility to customers Wieze/Belgium, January 23, 2014 – At ISM 2014 Barry Callebaut will present its ASM r ...

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Carlsberg joins forces with suppliers to eliminate waste by developing next generation of packaging for high-quality ‘upcycling’

Carlsberg and selected global suppliers have joined forces to rethink the design and production of packaging material, to develop the next generation of packaging products that are optimised for recycling and reuse, while, at the same time, retaining or improving their quality and value. The approach is increasingly referred to as ‘up-cycling'. The cooperation has been formalised through the Carlsberg Circu ...

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New milestone in Diageo scotch investment with plan for Clynelish Distillery expansion

Diageo, the world’s leading premium drinks business, has today announced plans for a £30million expansion of its Clynelish Distillery in Sutherland. In the latest major milestone in Diageo’s £1billion programme to increase Scotch whisky production, plans have been submitted to Highland Council for the major expansion of Diageo’s most northerly Scotch whisky distillery. The Clynelish expansion will take the ...

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Diageo and Sean Combs form new Joint Venture and complete acquisition of prestige tequila brand DeLeón

Marks Diageo's latest step in reclaiming leadership position in tequila in North America Joint venture follows successful strategic alliance to build Cîroc ultra-premium vodka brand Diageo, the world's leading premium drinks business, and Sean “Diddy” Combs today announce the creation of a new joint venture, which has acquired prestige tequila brand DeLeón. The joint venture, a 50/50 global partnership betw ...

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GSK completes divestment of Lucozade and Ribena to Suntory

GlaxoSmithKline (GSK) today completed the previously announced divestment of its nutritional drinks brands Lucozade and Ribena to Suntory Beverage & Food Ltd for £1.35 billion. GSK – one of the world’s leading research-based pharmaceutical and healthcare companies – is committed to improving the quality of human life by enabling people to do more, feel better and live longer.  For further information pl ...

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Craft beer moving into the UK mainstream? 13 million Brits have consumed a craft beer in the past six months

Following the introduction of the Small Breweries’ Relief in June 2002, there has been a boom in the number of UK breweries, and many are now moving the craft movement firmly up the consumer agenda. Proving this, a new report from Mintel reveals the continued health of the craft beer movement in the UK, with a quarter (25%) of British adults – equating to some 13 million – stating that they have consumed a ...

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Completion of Carlsberg’s partial take-over offer for Chongqing Brewery Company

The Carlsberg Group has completed the partial take-over offer for shares in Chongqing Brewery Company Co. Ltd (CBC) that was announced on 4 March 2013. Through the partial take-over offer Carlsberg has acquired 146.6m shares and thereby increased its shareholding in CBC from 29.7% to 60% at a total purchase price of RMB 2.9bn (approximately DKK 2.6bn). CBC will be fully consolidated in Carlsberg’s accounts ...

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