AUSTRALIA/NEW ZEALAND: Lion experienced tough market conditions during H1

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Lion, owned by Kirin Holdings, announced its trading update for the half ended 31 March 2011. The company said, it continues to pursue its strategy of investing in its people and a focussed portfolio of high potential brands to drive sustainable results in the long term. Business integration is progressing to plan, with the business uniting under one trading name, Lion, since the conclusion of the half. (more…)

USA: Cargill reports earnings drop 7% in Q4 2011

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Cargill, international producer and marketer of food, agricultural, financial and industrial products and services, on Tuesday reported $404 million in earnings from continuing operations in the fiscal 2011 fourth quarter ended May 31, a 7 percent decrease from $435 million in the same period a year ago. For the full fiscal year, earnings from continuing operations totaled $2.69 billion, a 35 percent increase from $1.99 billion in the prior fiscal year. (more…)

Heineken completes acquisitions of two breweries in Ethiopia

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Heineken N.V. today announced that it has completed the acquisitions of the Bedele and Harar breweries from the government of the Federal Democratic Republic of Ethiopia for US$85 million and US$78 million, respectively. These transactions follow Heineken’s participation in the public auctions for the two breweries. (more…)

AB InBev cautious over challenging times in U.S.

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Anheuser-Busch InBev , the world’s largest brewer, warned of challenging times in its biggest market of the United States after beer prices rises there and in Brazil helped it meet second-quarter profit forecasts. (more…)

SABMiller preparing new Foster assault

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Global brewer SABMiller is set to renew its assault on Australian bid target Foster’s later this month with a slightly higher offer likely to succeed after rival bidders fail to appear, bankers and investors. (more…)