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Carlsberg shares hit 29-month low on gloomy Chinese beer outlook

UPDATE 1-Carlsberg shares hit 29-month low on gloomy Chinese beer outlook Carlsberg shares drop on bleak China outlook Shares at lowest level since March 2022 CEO cites tough market, 5% decline in China Despite weak Q2 sales, Carlsberg raises FY profit growth outlook Adds CEO quote in paragraphs 5,9, share price in 1,7 By Jacob Gronholt-Pedersen COPENHAGEN, Aug 14 (Reuters) - Carlsberg CARLb.CO gave a gloomy outlook for the Chinese market where beer drinkers are increasingly opting out of the mo
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Big Beer’s stumbles leave investors ice cold

BREAKINGVIEWS-Big Beer’s stumbles leave investors ice cold The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Aug 14 (Reuters Breakingviews) - Investors are reluctant to toast big brewers’ rising profits. Despite their improving bottom lines, the valuations of Carlsberg CARLb.CO , Budweiser owner Anheuser-Busch InBev ABI.BR and Heineken HEIN.AS have declined.
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Tilray to buy four craft breweries from Molson Coors

Tilray to buy four craft breweries from Molson Coors Aug 13 (Reuters) - Tilray Brands TLRY.O would buy four craft breweries from beer maker Molson Coors TAP.N in a bid to expand business beyond its range of cannabis products, the company said on Tuesday . The pot producer would acquire Hop Valley Brewing Company, Terrapin Beer Co, Revolver Brewing and Atwater Brewery and expand its portfolio, adding 30% new beer-buying customers.
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Carlsberg lifts 2024 growth outlook, Q2 sales lag forecasts

UPDATE 2-Carlsberg lifts 2024 growth outlook, Q2 sales lag forecasts Adds detail on China in paragraph 4, Q2 volumes in 6 COPENHAGEN, Aug 13 (Reuters) - Danish brewer Carlsberg CARLb.CO on Tuesday lifted its forecast for full-year operating profit growth despite posting weaker-than-expected sales for the second quarter hit by bad June weather. "As a result of continued solid execution and good cost control, we're increasing our earnings expectations for the year despite volumes in Q2 being chall
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Carlsberg lifts full-year organic growth outlook

Carlsberg lifts full-year organic growth outlook COPENHAGEN, Aug 13 (Reuters) - Danish brewer Carlsberg CARLb.CO on Tuesday lifted its full-year organic growth outlook. Reporting by Jacob Gronholt-Pedersen and Stine Jacobsen, editing by Terje Solsvik and Louise Rasmussen
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Financial Times - Aug. 9

PRESS DIGEST- Financial Times - Aug. 9 Aug 9 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK nuclear waste site failed to heed warnings over cyber risks, court told - Barclays becomes first UK bank to scrap EU bonus cap - British Airways to suspend flights to Beijing as Russia diversion adds costs - Kremlin rejects Budweiser owner AB InBev's plan to exit Russia Overview - Sellafield
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AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities

UPDATE 2-AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities Adds detail on implications of decision in paragraph 8; shares in paragraph 11 LONDON, Aug 8 (Reuters) - Russian authorities have rejected Anheuser-Busch InBev ABI.BR and Anadolu Efes' AEFES.IS deal whereby the world's top beer maker would sell its stake in their Russian joint venture to the Turkish brewer, the companies said on Thursday.
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AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities

AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities LONDON, Aug 8 (Reuters) - Anheuser-Busch InBev ABI.BR and Anadolu Efes AEFES.IS said on Thursday that Russian authorities had rejected a deal whereby the world's top beer maker would sell its stake in their Russian joint venture to the Turkish brewer. Reporting by Emma Rumney
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Turkey - Factors To Watch on Aug 7

Turkey - Factors To Watch on Aug 7 ISTANBUL, Aug 7 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Wednesday. The lira TRYTOM=D3 traded at 33.5800 against the U.S. dollar at 0227 GMT, firming slightly from a close of 33.5995 on Tuesday. The main BIST 100 share index .XU100 closed 0.12% lower at 9,881.23 points on Tuesday.
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Turkish brewer says no word on AB InBev deal after Russian paper says it was rejected

Turkish brewer says no word on AB InBev deal after Russian paper says it was rejected LONDON, Aug 6 (Reuters) - Turkish brewer Anadolu Efes AEFES.IS said on Tuesday it had not received a response from Russian regulators on its bid to buy partner Anheuser-Busch InBev ABI.BR out of a joint venture in Russia, after a media report said the deal had been rejected.
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds HSBC, Danone, Hugo Boss, updates Yandex Aug 6 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Cap
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Arkema, Man Group, Shell

EUROPE RESEARCH ROUNDUP- Arkema, Man Group, Shell Aug 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Arkema, Man Group and Shell, on Friday. HIGHLIGHTS * Arkema SA AKE.PA : HSBC raises target price to EUR 105 from EUR 103 * Berkeley Group BKGH.L : Jefferies raises target price to 4,936p from 4,834p * Diageo Plc DGE.L : Morgan Stanley cuts target price to 2200p from 2380p * Man Group Plc EMG.L : Peel Hunt cuts to add from buy * Sh
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Ambev SA reports results for the quarter ended in June - Earnings Summary

Ambev SA reports results for the quarter ended in June - Earnings Summary Ambev SA ABEV3.SA reported quarterly adjusted earnings of 15 centavos​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of six analysts for the quarter was for earnings of 16 centavos per share.
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AB Inbev CFO Fernando Tennenbaum: expect trends driving core profit growth in first half to continue in second half

BRIEF-AB Inbev CFO Fernando Tennenbaum: expect trends driving core profit growth in first half to continue in second half Aug 1 (Reuters) - Anheuser-Busch Inbev SA ABI.BR : ANHEUSER-BUSCH INBEV CEO MICHEL DOUKERIS: NEED TO SEE MORE DATA IN H2 TO KNOW WHEN INDUSTRY VOLUMES WILL RETURN IN CHINA AB INBEV CEO: EXPECT A NORMALISATION OF REVENUE PER HECT
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AB InBev bucks series of gloomy earnings in booze sector

WRAPUP 2-AB InBev bucks series of gloomy earnings in booze sector AB InBev investors cheer Q2 results after rivals miss forecasts All alcohol companies cautious on outlook Tough economies, bad weather among factors weighing on sector Long-term, shift to healthier drinking threatens some companies By Emma Rumney LONDON, Aug 1 (Reuters) - Anheuser-Busch InBev ABI.BR outshone rival alcohol producers who had struck a downbeat tone in their quarterly results, but even the world's biggest brewer was c
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European shares slide more than 1% as bank stocks crumble

UPDATE 2-European shares slide more than 1% as bank stocks crumble For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window UK's Rolls-Royce surges on raising profit forecast France's Worldline drops after cutting 2024 outlook Bank of England cuts rates from 16-year high European banks index has worst day since March 2023 STOXX 600 down 1.2% Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Aug 1 (Reuters) - Europe's STOXX 600 closed mor
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AB Inbev rises after 'reassuring' Q2 core profit beat

BUZZ-AB Inbev rises after 'reassuring' Q2 core profit beat ** Shares in Anheuser-Busch InBev ABI.BR rise around 2% after the beer giant posted Q2 core profit above estimates, despite a decline in volumes, and stuck to its guidance ** The group reported a 10.2% rise in Q2 normalised core profit (EBITDA), surpassing analysts' forecast for growth of 8
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Brazilian brewer Ambev's quarterly profit misses expectations

UPDATE 1-Brazilian brewer Ambev's quarterly profit misses expectations Rewrites throughout Aug 1 (Reuters) - Brazilian brewer Ambev ABEV3.SA reported a 5.6% decline in second-quarter net profit, just below forecasts, although it said sales rose slightly, especially in its home market and cost discipline measures had paid off. The subsidiary of the world's largest brewer by volume Belgium's Anheuser-Busch InBev ABI.BR posted a profit of 2.45 billion reais ($433.05 million), versus 2.50 billion re
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Anheuser-Busch Inbev SA reports results for the quarter ended in June - Earnings Summary

Anheuser-Busch Inbev SA reports results for the quarter ended in June - Earnings Summary Anheuser-Busch Inbev SA BUD.N reported quarterly adjusted earnings of 91 cents​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 72 cents. The mean expectation of four analysts for the quarter was for earnings of 87 cents per share.
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Brazil's Ambev reports slightly lower-than-expected Q2 net profit

Brazil's Ambev reports slightly lower-than-expected Q2 net profit Aug 1 (Reuters) - Brazilian brewer Ambev SA ABEV3.SA on Thursday reported a slightly lower-than-expected second quarter net profit of 2.45 billion reais ($433.05 million), down 5.6% from a year earlier as sales volumes edged up 0.4%, led by Brazil and Central America and the Caribbean.
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