Beverages
UK Champagne sales drop
British demand for champagne dropped in 2009, according to recent figures
St Patrick’s Day discovery as RSC finds out why Guinness bubbles float down
Scientists at the Royal Society of Chemistry have made a breakthrough in the field of Guinness-related studies, having finally discovered why Guinness bubbles float down
Heineken sales drop, Carlsberg sales rise
Two of the most prominent brewers in the industry have seen contrasting fortunes over the last financial year
European beer is cheaper on British cruises
A survey by Cruises.co.uk has shown that bottled beer is much cheaper on British ships than the same beer on a similar style of U.S. ship
Tennent’s beer brewers back minimum alcohol pricing
Scotland’s largest brewer has come out in favour of the Scottish Government’s proposal to introduce a minimum pricing scheme for alcohol
Anheuser-Busch InBev grinds to a halt as talks fail
AB InBev has said that production in its Belgian breweries has reached a standstill following a second round of failed talks
Anheuser-Busch InBev blockade leads to beer drought
Brewery workers protesting against Anheuser-Busch’s sweeping job cuts have blockaded several plants and factories, causing beer supplies to run low
Anheuser-Busch InBev managers held hostage over job cuts
Managers at the Anheuser-Busch InBev brewery were held hostage following job cut announcements
BrewDog’s Tokyo* beer banned UPDATED
The Portman Group have banned BrewDog’s Tokyo* because they claim that its labeling encourages consumers to drink to excess
Marston’s beer brewery faces falling profits
British brewer Marston’s has just released its results for the year ending October 3
Magners manufacturer to buy up English brands
The C&C Group plc, who produce Magners Cider are to acquire the UK cider assets of The Gaymer Cider Company and Constellation Brands Inc. for 45 million pounds
First Quench to close a further 381 stores
The joint administrators of First Quench Retailing have announced the closure of a further 381 stores
BrewDog announces creation of World’s Strongest Beer
Controversial Northern brewer, BrewDog, has created Tactical Nuclear Penguin, reportedly the strongest beer ever made at 32 percent ABV
BrewDog attempts to get own beer banned
The Portman Group has provisionally upheld a complaint against Brewdog’s Tokyo* beer, in a complaint that actually originated with the brewery itself.
Threshers wine stores driven to closures by supermarket discounts
KPMG, administrators of Threshers’ owner company, First Quench, announced the closure of 373 stores yesterday, Food and Drink Digital has learnt.
Carlsberg beer sales slump in Russia
Russian beer sales have contracted by 10 percent from January to September, according to Carlsberg’s Q3 report.
Cobra Beer founder aims to raise £4.5 million
Lord Karan Bilimoria, who founded Cobra Beer, says he needs 4.5 million pounds to expand the Indian branch of the company, five months after to the British side of the company went into administration.
Newcy Brown production to move, again
Production of Newcastle Brown Ale is set to move to Yorkshire as owners announce plans to close its brewery in Gateshead
Magners Cider maker suffers profit decline
C&C Group plc, the beverage company responsible for the Magners and Bulmers cider brands, announced a decline in profits yesterday.
Nestle to stop sourcing Mugabe milk
Nestle SA, the Switzerland-based multinational packaged food company, says it will stop buying milk in Zimbabwe directly from a farm controlled by President Robert Mugabe’s wife.
English winegrowers receive £1.6m education fund
In a bid to lure Britons to the winemaking profession, the Government and the European Commission have provided 1.6 million pounds to arrange winemaking classes.
Nestle continues to source milk from Mugabe-controlled farm
Nestle SA, the multinational packaged food company headquartered in Switzerland, defends buying milk in Zimbabwe from a farm controlled by President Robert Mugabe’s wife, Grace.
Guinness celebrates 250th anniversary today
Guinness marks the day that Arthur Guinness signed the 9,000-year lease for his brewery in the city in 1759, with a day of celebrations in Dublin.
£7.5m milk ad campaign to launch
A consortium of British dairy companies and co-operatives are preparing to launch a three-year ad campaign to promote the benefits and boost the demand for drinking milk.
Nestlé spends record amount on Nescafé ad
Nestlé is injecting a 43 million pound marketing investment aimed at restoring the "iconic status" of Nescafé; the biggest spend in the brand's 70-year history.
AB InBev sells Tennents brands to C&C Group
Leading global brewer, Anheuser-Busch InBev, has, after months of speculation, sold its Tennents lager brand to C&C Group.
Coca-Cola and PepsiCo make Beijing’s top polluters list
Soft drink giants PepsiCo and Coca-Cola were named among the top 12 Beijing water polluters in a report recently released by the city's economic planning department.
Coca-Cola launches fizzy milk drink
Drinks giant, Coca-Cola, is set to raise a few eyebrows with its latest entrant into the beverage aisle, Vio – a ‘vibrancy’ drink containing fizzy milk
PepsiCo profit falls
PepsiCo Inc, the world’s largest snack maker, said second-quarter profit fell as consumers bought less Gatorade in favor of cheaper drinks.
San Miguel eyes Dole Food’s Asia branch
To expand its core food and beverage business, diversified conglomerate San Miguel Corp is looking to acquire the Philippine and regional units of U.S. multinational Dole Food Co, one of the world's biggest fruit and vegetable producers.
Coca-Cola to test soda bar in California
Orange County’s fizzy drink fans will be among the first to experiment with Coca-Cola’s latest gadget, a 100-drink, touch-screen beverage bar.
Kirin in merger talks with Suntory
Japanese brewing and food groups Kirin Holdings Co and Suntory Holdings Ltd, say they are in talks to merge in an attempt to challenge the market leader.
SABMiller cuts forecast for Europe beer volume growth
Brewer SABMiller has cut its target for European sales growth as the global economic downturn impacts consumer demand in Poland, Hungary and Russia.
KKR hands over 50% stake in Oriental Brewery
U.S. private equity firm Kohlberg Kravis Roberts (KKR) has announced a deal with Affinity Equity Partners to hand over a 50 percent stake in Oriental Brewery.
Greene King profit beats own forecasts
Brewer Greene King has defied the rest of the pub sector to post profits that exceeded expectations as the warm weather helped the group hold its dividend.
Constellation Brands sees profit fall in recession
The global wine maker reported that earnings in the first quarter plummeted 85 percent as sales and margins continue to take a dive in the recession.
Diageo axes 900 jobs in Scotland
Drinks group Diageo has announced it is to cut 900 jobs at two plants in Scotland as part of a restructuring plan.
SABMiller in deal with black investors
World No. 2 brewer SABMiller will issue 10 percent of its South African unit to black investors in a deal worth $750 million in line with the country's affirmative action rules, it said on Wednesday.
Marston’s rights issue faces criticism from investors
Pub group Marston’s has been forced to defend its 176 million pounds rights issue as leading shareholders prepare to vote against it.
Diageo joins Chinese producer to create vodka
Drinks group Diageo plc announced it has teamed up with Shui Jing Fang, the Chinese white spirit producer, to create a new premium vodka.
Marston’s to raise £176m in rights issue
Pub and brewing company Marston’s has said it plans to raise 176 million pounds in a rights issue in order to build new pubs.
Punch unveils £350 million share issue
Pub company Punch Taverns on Monday said it planned to raise 350 million pounds through a share issue, with the proceeds earmarked for debt repayment.
Premium drinks brands suffer
As drinks companies like Remy Cointreau, Molson Coors and Brown-Forman face up to declining consumer demand, workers take the brunt of cost cuts.
Milk Link safeguards 170 jobs at creamery
The receivers of Dairy Farmers of Britain (DFB) have sold the creamery to rival Milk Link in a bid to save 170 jobs at the Denbighshire-based business.
Venezuela cans Coke Zero
Venezuela has reportedly banned the sale of the calorie-free Coke Zero, claiming it is harmful to “health of Venezuelans”.
Nestlé’s Nespresso defies the downturn
Food group Nestlé has opened a new factory for its Nespresso brand as the premium coffee records average sales growth of over 30 percent since 2000.
Brown-Forman’s profit beats expectations
The maker of Jack Daniel’s whiskey and Southern Comfort has seen fourth-quarter profit fall 19 percent, ahead of estimates.
Remy Cointreau operating profit falls 14.2%
French wine and spirits group Remy Cointreau has reported that full year operating profit was down 14.2 percent to 137 million euros as demand for its brands in Russia and the U.S. declined.
Warburg Pincus withdraws its investment in China Huiyuan
The U.S. private equity fund Warburg Pincus has withdrawn its investment in China Huiyuan Juice Group Ltd as it declines to convert bonds into stock.
A.G. Barr revenue up 22.5 percent
(Reuters) - Scottish drinks maker A.G. Barr said on Monday total revenue for the period from February 1 to May 29 rose 22.5 percent from a year ago, helped by strong underlying revenue growth from its core business and an increasingly positive performance from the Rubicon brand.
Fuller's profits fall in tough market
Pubs operator and brewer Fuller, Smith & Turner reported a 1 percent decline in full-year pretax profit on Friday and said the year had been very difficult given tough market conditions.
PepsiCo’s takeover offer “inadequate”
Pepsi Bottling Group Inc rejected PepsiCo’s $6 billion takeover bid, calling it “inadequate” after it reported an improved performance and raised its earnings forecast.
MillerCoors sees beer sales up despite downturn
MillerCoors, the second-largest brewer in the United States, sees beer sales growth slowing less rapidly in the downturn than wine and spirits and as the beermaker focuses on premium light and craft beers.
Cobra Beer saved from administration by Molson Coors
Cobra Beer has entered a pre-pack administration after it was acquired by a joint venture between Molson Coors and its founder Lord Karan Bilimoria.
Heineken takes more Globe pub debt
Heineken , the world's third-largest brewer, has acquired more debt at a discount from Globe Pub Company, thereby reducing it own net debt and realising a net book gain.
Permira sells 14 pct Britvic stake
Private equity group Permira Wednesday said it had sold its 14 percent stake in soft drink maker Britvic.
Britvic profits rise on Q2 sales
Soft drinks maker Britvic has reported a 16.3 percent rise in half-year profits as revenues improved on a resurgence in the drinks market.
Heineken says S&N UK head to leave
Dutch brewer Heineken on Tuesday said the head of its British business Jeremy Blood is stepping down as managing director of Scottish & Newcastle (S&N) UK and will leave the group immediately for personal reasons.
Drinks companies combat the downturn
Brewers and soft drinks companies are entering into distribution agreements in a bid to beat off competition within the industry.
Carlsberg to exceed savings forecast
Brewer Carlsberg has said that it will exceed its savings target of 1.3 billion Danish kroner following its joint takeover of Scottish & Newcastle last year.
SABMiller earnings dip
Brewing giant SABMiller beat forecasts with just a 4 percent dip in annual earnings on Thursday and warned that the strong dollar and high commodity costs would continue to hit the group in the current year.
Dr Pepper Snapple profit up on distribution agreement
Soft drinks maker Dr Pepper Snapple has reported that first quarter profit rose 39 percent related to an agreement to sell distribution rights to Hansen Beverage Co.
Tied pub system forcing prices up
The tied pub business model used by Enterprise Inns and Punch Taverns has been criticised for selling beer to licensees at inflated prices, according to a Commons Committee.
United Breweries and Heineken in distribution deal
India-based United Breweries (UB) has reached an agreement with Heineken that will see it bottle and distribute the brewer’s brands in the country.
Poor harvest sees price of coffee soar
Following a poor harvest in Colombia, the leading grower of Arabica coffee beans, the price of coffee has risen to a 12-year high.
Weakening markets hit Diageo
Drinks group Diageo has reported that underlying sales fell 7 percent in the three months to March 31, although trading remains on track for its third fiscal quarter.
AB InBev profit beats estimates, earnings up
The world’s largest brewer, Anheuser-Busch InBev, has reported that first quarter earnings rose 10 percent as profit beats analysts’ estimates.
Molson Coors profit rises
Molson Coors Brewing Co reported a higher quarterly profit on Tuesday, as increased prices and cost cuts helped offset steeper commodity costs, the stronger U.S. dollar and lower sales volume.
McDonald’s launches coffee campaign
U.S. fast food chain McDonald’s Corp is to begin an advertising campaign in a bid to advertise its specialty coffee range, or McCafé.
Pepsi Bottling rejects PepsiCo's offer
Pepsi Bottling Group Inc said on Monday its board has rejected a proposal by PepsiCo to buy the remaining stake in the bottler, citing the offer as "grossly inadequate."
‘Dairy summit’ to be held next month
A ‘dairy summit’ has been confirmed for next month following a protest by Scottish farmers outside the Scottish Parliament as milk prices continue to fall.
KKR preferred buyer for AB InBev’s Korean business
Kohlberg Kravis Roberts & Co is to buy Anheuser-Busch InBev’s Korean beer unit for an estimated $2 billion, one of the largest leveraged buyouts this year.
Beer sales plunge 8.2% as industry hit by recession
The British Beer and Pub Association has reported that beer sales were down 8.2 percent in the first three months of the year, the equivalent of 1.7 million pints less a day than the previous year.
McDonald’s expands Coca-Cola, Dr Pepper Snapple drinks brands
Dr Pepper Snapple Group and Coca-Cola Co have entered into an agreement with fast food chain McDonald’s to expand the presence of both companies’ drinks brands in its outlets.
Kirin to takeover Lion Nathan
Japanese brewer Kirin agreed a $2.5 billion (1.71 billion pound) buy-out of Lion Nathan , Australia's second-largest brewer, on Monday, paying a near 50 percent premium to expand into one of the world's most profitable markets.
The last seven days in the drink industry
The 2 percent increase on alcohol duty has hit the beverage industry hard this week and elsewhere pubs and brewing groups continue to make the headlines.
Coca-Cola may buy stake in China Huiyuan
The Wall Street Journal has reported that Coca-Cola Co may buy a minority stake in China Huiyuan Juice Group Ltd.
Greene King rights issue to raise £207.5m
Pub and brewing group Greene King has announced that it plans to raise 207.5 million pounds through a rights issue.
Alcohol duty up 2% in Budget
Chancellor Alistair Darling has announced that alcohol duty will go up by 2 percent after midnight in yet another blow to the pub and restaurant industry.
LVMH denies in talks with Diageo
LVMH , the world's largest luxury goods group, on Wednesday denied it was in talks to sell its wine and spirits unit Moet Hennessy.
Heineken volumes fall 6.3 percent
Dutch Heineken , the world's third-largest brewer, reported a worse-than-expected drop in beer volume in the first quarter on Wednesday and said the impact and duration of the downturn remained unclear.
Coca-Cola Q1 profit down 10% on writedowns
Coca-Cola Co has reported a 10 percent decline in first quarter profit due to restructuring costs and lower sales.
PepsiCo offers $6bn to buyout bottlers
The world’s second largest drinks maker, PepsiCo Inc, has offered about $6 billion in cash and stock for sole control of its two biggest bottlers.
Remy sales down 13%
The French liquor maker Remy Cointreau reported that full-year sales fell 13 percent as demand for premium champagne and cognac in the U.S. and Russia declined.
SABMiller beer volumes fall flat
Brewing giant SABMiller sold less beer than expected in the first three months of 2009 as economic conditions worsened and demand fell in most of its markets.
Marston's on track as trading improves
Pubs and brewing group Marston's said on Wednesday it was on track to meet profit expectations for the full year after trading improved over the last eight weeks.
Pernod Ricard launches rights issue
French drinks group Pernod Ricard launched a 1.04 billion euro (920 million pound) discounted rights issue on Wednesday as it posted a 12 percent drop in like-for-like third-quarter sales.
Anheuser-Busch InBev considers sale of Rolling Rock
Anheuser-Busch InBev is exploring the sale of its struggling Rolling Rock brand, just three years after it bought the brand from InBev.
PepsiCo sues Coca-Cola over energy drink advert
PepsiCo Inc sued Coca-Cola claiming that its rival made false attacks against Gatorade in its advertisements for Powerade ION 4.
Britvic agrees new banking facility
Soft drinks maker Britvic said on Tuesday it had refinanced its UK banking facility until May 2012.
Campari expects Wild Turkey buy to add revenue
Italian drinks group Campari is to purchase Wild Turkey whiskey for $575 million in a deal that is expected to add 100 million euros a year to the group’s revenue.
Constellation Brands profit a penny shy
Constellation Brands Inc reported a quarterly profit that just missed Wall Street estimates, hurt by disappointing demand for alcohol in Europe and Australia during Christmas and New Year's, and gave a cautious forecast for the current year.
Pernod seen close to selling Wild Turkey
French drinks group Pernod Ricard is set to announce a 1 billion euro (920 million pound) rights issue and a deal to sell its Wild Turkey bourbon brand for $575 million (392 million pound), the Financial Times website reported on Tuesday, without citing sources.
Pernod Ricard announces five international appointments
Liquor maker Pernod Ricard has named five new executives who will run the company’s North and South American business following the resignation of Alain Barbet.
Jacobsen Vintage: World's Most Expensive Beer
Carlsberg's Brew House in Copenhagen Denmark unveiled the Jacobsen Vintage No. 2 for over $300...
Adnams profits drop 64% in weak beer market
Family-controlled pub company Adnams has reported a 64 percent slump in operating profit to 1.5 million pounds, from 4.2 million pounds as beer sales decline.
Coca-Cola buys minority stake in Innocent smoothies
The ethically aware smoothie business, Innocent, has sold a stake of between 10 and 20 percent to Coca-Cola for 30 million pounds.
Diageo and Kirin agree Japanese venture
The world’s largest liquor maker Diageo Plc and Kirin Holdings Co have agreed to form a venture in Japan which will market the distiller’s alcoholic drinks brands.
MPs support the campaign to save the ‘great British pub’
A total of 202 MPs have backed the British Beer and Pub Association’s (BBPA) five point plan, which calls on the Government to support and save the ‘great British pub’.
Grey Goose vodka loses share of spirits market
The blue-chip vodka brand Grey Goose is losing its share of the spirits market in the U.S. as consumers choose less expensive brands.
Tea prices set to rise after droughts
Tea prices are likely to jump to a record high after droughts in the main exporting countries damaged yields, the United Nations’ Food and Agriculture Organisation (FAO) and industry executives forecast.
U.S. soft drink volume decline steepest in decades
U.S. carbonated soft drink volume fell 3 percent in 2008, the biggest drop since at least the early 1980s, according to industry publication Beverage Digest, as Americans cut back on small treats during the recession.
Foster’s Group to sell wine locally, revive sales
Australia’s biggest beer and winemaker, Foster’s Group Ltd, has said that it plans to keep more of its domestically made wine for local sales in a bid to reverse losses at the company.
Australia rejects spirit tax, Diageo to benefit
The Australian Senate has rejected increased taxes on ready-mixed spirits, a decision that is set to benefit the world’s largest drinks group Diageo plc, according to Bloomberg.
China rejects Coke's $2.4 billion bid for Huiyuan Juice
China has rejected Coca-Cola's planned $2.4 billion acquisition of top juice maker Huiyuan Juice, saying the deal would have been bad for competition.
UK beer consumption declines 3.2%
A report published by the British Beer & Pub Association (BBPA) has warned that higher beer taxes and the economic slowdown has seen liquor consumption fall for the fourth time in five years.
Coke might abandon China juice company takeover: report
China has rejected a $2.4 billion bid by Coca-Cola for China's top juice maker, Huiyuan Juice , China News Service reported on Wednesday, citing the Ministry of Commerce.
Wetherspoon first-half profit steady
Pubs group JD Wetherspoon posted slightly higher interim results and sales on Friday and said it continues to trade well.
Brown-Forman cuts 2009 forecast
The maker of Jack Daniel’s whiskey, Brown-Forman Corp, has reduced its 2009 profit by as much as 16 percent as trading in the U.S. falls to a four-year low.
Costa Coffee insures taster’s tongue for £10m
Gennaro Pelliccia, Costa Coffee’s chief taster, has had his tongue insured for 10 million pounds by a syndicate with Lloyd’s of London as the chain looks to protect one of its most valuable assets.
AB InBev may move HQ to New York
The Belgian brewer Anheuser-Busch InBev has said it may transfer its headquarters to New York as it looks to focus on the U.S. beer market.
Coca-Cola to invest another $2 billion in China
Coca-Cola Co , the world's largest soft drinks maker, said on Friday it will invest $2 billion in new plant and distribution infrastructure in the next three years in China.
White Rock Distilleries Launches Sweet Tea Flavored Vodka
Portland, Maine company launches a new vodka to their ever-expanding portfolio
AB InBev raises synergy targets after strong Q4
Anheuser-Busch InBev , the world's largest brewer, reported better than expected fourth-quarter results on Thursday and hiked its target for synergies from its merger.
C&C Group directors waive bonuses
Cider maker C&C Group has seen massive writedowns, prompting its newly-appointed directors to waive their bonuses to fund a staff compensation scheme.
Rise in beer tax opposed by campaigners and public
Pub campaigners have pleaded with the government to scrap an above-inflation rise in beer tax in the next Budget.
Heineken interested in AB InBev’s Staropramen
Dutch brewer Heineken NV is said to be interested in buying AB InBev’s Staropramen brewery, based in Prague.
Cott narrows loss, misses expectations
Cott Corp reported a smaller fourth-quarter loss on Thursday as special charges came in lower than a year earlier, but the soft-drink maker's results missed expectations and its shares fell.
AB InBev agrees sale of U.S. Labatt business
Anheuser-Busch InBev , the world's largest brewer, said on Monday it had agreed the sale of InBev USA, the U.S. distributor of Canadian beer Labatt, to an affiliate of private equity firm KPS Capital Partners.
C&C to axe jobs at Irish plant
Irish drinks group C&C has announced job cuts which will see one-fifth of its workforce laid off as sales in the UK and Ireland decline.
Kirin seeks higher stake in San Miguel
Kirin Holdings Co said Friday, February 20, that it will purchase a 43.25 percent stake in San Miguel Brewery from San Miguel Corp for 112 billion yen as it expands its business in Asia.
Heineken and Carlsberg pledge to cut costs
Brewers Heineken and Carlsberg , which carved up Scottish & Newcastle last year, committed to slashing debt, costs and spending on Wednesday in anticipation of a recession-hit 2009.
Carlsberg 2008 operating earnings rise 52 percent
The world's fourth-largest brewer, Denmark's Carlsberg , on Wednesday posted a 52 percent rise in 2008 operating profit before special items, slightly above expectations, and said it saw rising profits this year.
Driven to drink no bad thing, for wine investors
Financial turmoil may drive investors to drink but this could be a boon for some of them.
Starbucks to unveil "Via" instant coffee
Starbucks, whose chief executive is trying to fight "misperceptions about affordability" for the coffee chain's brands, will unveil on Tuesday its new "Via" instant coffee that will sell for less than $1 (70 pence) per cup.
Foster's to keep wine business
Foster's Group , Australia's largest brewer, will keep its struggling $3.2 billion (2.25 billion pound) wine business and reshape it over time, as tough debt and equity markets cut out the option of a sale or demerger.
European brewers set to see pain of slowdown
European brewers Heineken and Carlsberg are set to show scars from the global downturn when they report next week reflecting the sharp slowdown in growth already seen from spirits giants Diageo and Pernod this week.
Pernod Ricard reports profits in recession
The wine and spirits group Pernod Ricard posted healthy profits, up five percent to 615 million euros for the six months to the end of December 2008.
PepsiCo profit falls
PepsiCo Inc reported lower quarterly earnings on Friday, hurt by restructuring and impairment charges and lower volume in its North American beverage business, but results met Wall Street estimates.
Starbucks plans instant coffee debut
Starbucks is moving into the instant coffee market as it works to shake off its reputation as a seller of pricey coffee drinks.
Coca-Cola shares rise as profit tops view
Coca-Cola Co reported a better-than-expected quarterly profit on Thursday despite a recession, helped by double-digit volume gains in China, India and Eastern Europe, sending shares up 2.4 percent.
Everything's Coming Up Pinot for Mark West Winery
While the economic crisis may be gloom and doom for some, it's been a boom for wine companies like Mark West Winery.
Diageo earnings rise 21 percent but cuts profit target
Diageo , the world's biggest alcoholic drinks group, reported half-year earnings at the top of forecasts with a 26 percent rise, but cut its profit growth target due to the global economic slowdown.
Coke Enterprises profit tops view
Coca-Cola Enterprises Inc reported a better-than-expected quarterly profit on Wednesday excluding items, helped by a slight improvement in North American business trends.
Molson Coors profit misses view
Molson Coors Brewing Co reported a smaller-than-expected quarterly profit on Tuesday, hurt by slowing beer sales, the strengthening U.S. dollar and higher commodity costs.
MillerCoors fourth-quarter profits up
MillerCoors, the combined U.S. operations of Molson Coors Brewing and SABMiller , said on Tuesday fourth-quarter underlying net income rose 16.5 percent, as it accelerated its cost-savings targets.
Pepsi Bottling profit before charges tops view
Pepsi Bottling Group Inc reported better-than-expected quarterly results on Tuesday, helped by cost-cutting and productivity improvements.
Australia's Lion Nathan scraps Amatil bid
Australasian brewer Lion Nathan dropped a $4.9 billion (3.3 billion pound) bid for soft drinks maker Coca-Cola Amatil after talks between top shareholders in the two companies broke down over conditions.
Global beer market to go flat in economic crisis
LILLE, Worldwide consumption of beer could remain flat this year as the economic downturn hurts demand after several years of impressive growth, industry players said at a gathering in northern France on Thursday.
CORRECTED: ABInBev sells down Tsingtao stake
Anheuser-Busch InBev, the world's biggest brewer, sold most of its stake in Tsingtao Breweries of China to Japan's Asahi Breweries, in a $667 million (491 million pound) deal that will help cut its multi-billion dollar debt pile.
Threshers owner shuts 100 shops
First Quench Retailing, the drinks group that owns Threshers, The Local and Wine Rack chains, said Friday it had shut 100 stores in the past six months and was reviewing other sites for possible closure.
Marston's Q1 sales decline
Pubs and brewing company Marston's reported a decline in first-quarter sales on Friday but its performance compared favourably to larger rivals and shares in the company rose by as much as 10 percent.
Wetherspoon cancels future dividend payments
Pubs group JD Wetherspoon reported accelerating sales growth after offers such as a pint of beer for 99 pence enticed cash-strapped drinkers, sending its shares 15 percent higher on Tuesday.
New campaigns from Coke and Pepsi reignite cola wars
Coca-Cola and Pepsi are reigniting the long-smouldering "cola wars" with new marketing, hoping to stem a 3-year U.S. sales decline of carbonated drinks.
Marston's says new bank loan to cost 6.3 percent
Pubs and brewing company Marston's said the cost of its debt would rise to 6.3 percent from 6.1 percent under a new bank facility lasting until August 2013.
First Milk announces price cut
The dairy farmer cooperative First Milk announced that it has cut the price of milk by 1.25ppl from January 1, 2009 following a decline in prices in mainland Europe.
ABInBev to close London brewery leaving 182 jobs at risk
Anheuser-Busch InBev , the world's largest brewer, said on Tuesday it would close its newly-acquired London Stag brewery in 2010, with the potential loss of 182 jobs.
Government approves major Diageo investment
The Irish Government, through Enterprise Ireland, has approved support for a major investment programme by Guinness parent Diageo to expand its R&D activity at its Dublin facility.
Pepsi Ireland is to liquidate
PepsiCo International Ireland is to liquidate, the Companies Registration Office says.
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