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…)

US. Senators Tout Small Brewer Bill for Job Creation

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Two senators visited craft brewers on Tuesday, August 8th, bringing attention to the proposed Brewer’s Employment and Excise Relief Act (S. 534). The Senators recognize the bill as a way to create jobs, and support “Main Street” businesses which help to keep money in local communities and states. (more…)

Japan. Retailers move into brewing

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Major retailers are stepping up efforts to compete with leading beer manufacturers by developing and marketing low-priced house-brand beer. (more…)