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Reuters - 2 hours ago

Carlsberg doesn't see dramatic curbs on India liquor ads

Carlsberg doesn't see dramatic curbs on India liquor ads By Jacob Gronholt-Pedersen COPENHAGEN, Aug 14 (Reuters) - Carlsberg CARLb.CO doesn't expect any dramatic changes to rules for liquor ads in India, the brewer's CEO said on Wednesday, after reports the country is set to announce sweeping rules that will bar even so-called surrogate ads. India bans direct advertising of liquor, but companies often use surrogate ads that promote their brands more generally.
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Reuters - 5 hours ago

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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Reuters - 7 hours ago

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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Reuters - 1 day ago

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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Reuters - 1 day ago

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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Reuters - 1 week ago

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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Reuters - 1 week ago

Cicor Technologies, Roche Holding, YouGov Plc

EUROPE RESEARCH ROUNDUP-Cicor Technologies, Roche Holding, YouGov Plc Aug 6 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Cicor Technologies, Roche Holding and YouGov Plc, on Tuesday. HIGHLIGHTS * Allied Irish Banks AIBG.I : UBS raises target price to EUR 6.25 from EUR 5.7 * Cicor Technologies Ltd CICN.S : Baader Helvea raises to buy from add * Ferrexpo FXPO.L : Panmure Liberum cuts target price to 120p from 175p * Roche Holding
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Reuters - 1 week ago

India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod

RPT-EXCLUSIVE-India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod This is a repeat of an item issued on Sunday India's new rules could reshape alcohol advertising Stakes are high for Pernod, Diageo in $45-bln market New rules to ban ads that mislead consumers Industry in talks with New Delhi, rules likely in a month By Aditya Kalra NEW DELHI, Aug 4 (Reuters) - India, which bans direct advertising of liquor, is set to announce sweeping rules that will bar even surrogat
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Reuters - 1 week ago

India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod

EXCLUSIVE-India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod India's new rules could reshape alcohol advertising Stakes are high for Pernod, Diageo in $45-bln market New rules to ban ads that mislead consumers Industry in talks with New Delhi, rules likely in a month By Aditya Kalra NEW DELHI, Aug 4 (Reuters) - India, which bans direct advertising of liquor, is set to announce sweeping rules that will bar even surrogate ads and sponsoring of events, which could force
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Reuters - 2 weeks ago

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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Reuters - 2 weeks ago

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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Reuters - 2 weeks ago

AB InBev outshines peers as profit growth beats forecasts

UPDATE 5-AB InBev outshines peers as profit growth beats forecasts Bad weather, Argentine inflation weigh on AB InBev volumes Cost cuts boost margins, profit beats forecasts Shares rise, but investors question guidance caution Adds share reaction paragraph 4, investor comment in paragraphs 10, 14 LONDON, Aug 1 (Reuters) - Beer giant Anheuser-Busch InBev ABI.BR reported forecast-beating core profit for the second quarter on Thursday as cost cuts offset weaker sales.
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Reuters - 2 weeks ago

Diageo's succession hangover has fuzzy duration

BREAKINGVIEWS-Diageo's succession hangover has fuzzy duration The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By Aimee Donnellan and George Hay LONDON, July 30 (Reuters Breakingviews) - Diageo’s DGE.L seamless CEO succession looks increasingly frayed. Last year’s elevation of Debra Crew to the top job at the $67 billion Guinness and spirits maker was hailed as a shining example of how to hand over power.
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Reuters - 2 weeks ago

Euronext, Pearson, Saint-Gobain

EUROPE RESEARCH ROUNDUP- Euronext, Pearson, Saint-Gobain July 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Euronext, Pearson and Saint-Gobain on Tuesday. HIGHLIGHTS * Adyen NV ADYEN.AS : HSBC cuts target price to EUR 1600 from EUR 1900 * Deutsche Boerse AG DB1Gn.DE : JP Morgan raises target price to EUR 198 from EUR 194 * Euronext NV ENX.PA : JP Morgan cuts target price to EUR 107 from EUR 108 * Pearson PSON.L : JP Morgan cut
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Reuters - 2 weeks ago

Heineken CFO: No structural issue with margins in European business

BRIEF-Heineken CFO: No structural issue with margins in European business July 29 (Reuters) - Heineken NV HEIN.AS : HEINEKEN CEO: CONTINUE AIMING FOR POSITIVE VOLUMES IN EUROPE, WITH MODERATE PRICING HEINEKEN CFO: NO STRUCTURAL ISSUE WITH MARGINS IN EUROPEAN BUSINESS Source text for Eikon: [ID:] Further company coverage: HEIN.AS Reporting by Emma R
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Reuters - 2 weeks ago

European shares close lower in lead-up to Fed, earnings

UPDATE 2-European shares close lower in lead-up to Fed, earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Philips soars on Q2 earnings beat Heineken down after operating profit growth miss STOXX 600 down 0.2% Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan July 29 (Reuters) - European shares ended a touch lower on Monday as investors remained risk averse at the start of an earnings-packed week, while global risk events
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Reuters - 2 weeks ago

Heineken drops after EBIT, outlook miss expectations

BUZZ-Heineken drops after EBIT, outlook miss expectations ** Shares in Heineken HEIN.AS drop around 6% to four-month low after the Dutch brewer posted half-year results below expectations, while its raised outlook also came short ** EBIT growth came in at 12.5% vs consensus 13.2%, organic beer volume growth of 2.1% vs consensus of 3.4% ** "Underwhe
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Reuters - 2 weeks ago

European futures higher as busy week gets underway

LIVE MARKETS-European futures higher as busy week gets underway Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN FUTURES HIGHER AS BUSY WEEK GETS UNDERWAY European stock index futures are cautiously higher on Monday, in what is set to be a busy week, with four of the 'Magnificent 7' due to report earnings and policy announcements from the U.S., Japan and the UK.
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Reuters - 2 weeks ago

Heineken's shares slide as first-half results miss forecasts

UPDATE 4-Heineken's shares slide as first-half results miss forecasts Updates shares in paragraph 1, other European brewers in paragraph 7, adds investor comments in paragraphs 9-10 By Emma Rumney LONDON, July 29 (Reuters) - Shares in Dutch brewer Heineken HEIN.AS slid almost 8% on Monday after an expected sports-led boost for beer sales failed to materialise and it took an 874-million euro ($948 million) impairment charge on its Chinese investment.
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Reuters - 2 weeks ago

Heineken CFO Harold Van Den Broek: China Resources Beer impairment has nothing to do with quarterly performance

BRIEF-Heineken CFO Harold Van Den Broek: China Resources Beer impairment has nothing to do with quarterly performance July 29 (Reuters) - Heineken NV HEIN.AS : HEINEKEN CEO DOLF VAN DEN BRINK: EUROPE HAD A DISAPPOINTING JUNE AND JULY, EXPECTED UPSIDES RELATED TO SPORTS EVENTS DID NOT MATERIALISE HEINEKEN CFO HAROLD VAN DEN BROEK SAYS CHINA RESOURCE
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