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

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.

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

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

EUROPE RESEARCH ROUNDUP- Admiral Group, IAG, Keller Group Aug 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral Group, IAG and Keller Group, on Wednesday. HIGHLIGHTS * Admiral Group Plc ADML.L : HSBC raises target price to 2700p from 2625p * IAG ICAG.L : Citigroup raises target price to 245p from 225p * Keller Group Plc KLR.L : Deutsche Bank raises target price to 1800p from 1550p * OCI NV OCI.AS : JP Morgan raises to overw

Irn-Bru maker A.G. Barr bets on soft drinks' demand to boost revenue July 30 (Reuters) - Irn-Bru maker A.G. Barr BAG.L forecast on Tuesday its half-year revenue to be higher than prior-year levels, supported by strong demand for its cocktail mixes and soft drinks. WHY IT'S IMPORTANT In the past year to current, the company has downsized and acquired businesses to expand its soft drinks portfolio to keep up with growing demand and competition.

EUROPE RESEARCH ROUNDUP-Britvic, Burberry, Prudential July 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Britvic, Burberry, and Prudential, on Tuesday. HIGHLIGHTS * Auction Technology Group ATG.L : RBC initiates coverage with sector perform rating; PT 540p * Britvic BVIC.L : HSBC raises target price to 1290p from 1100p * Burberry BRBY.L : JP Morgan cuts target price to 800p from 1050p * Prudential PRU.L : JP Morgan cuts target

BREAKINGVIEWS-Booze-free beverages are no small beer: podcast The host is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, July 11 (Reuters Breakingviews) - Carlsberg’s $4 bln deal to buy soft-drinks maker Britvic is just the latest foray by a big brewer into serving the alcohol-averse. In this Viewsroom podcast, Breakingviews columnists discuss whether it’s a seismic tobacco-like shift or a frothy attempt to fizz up profit margins.

RPT-BREAKINGVIEWS-Big Beer’s low-alcohol Plan B has too much froth The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, July 9 (Reuters Breakingviews) - Big brewers are talking a good game on zero-alcohol beer. Carlsberg CARLb.CO , Heineken HEIN.AS , Anheuser-Busch InBev ABI.BR , Molson Coors TAP.N and Japan’s Asahi 2502.T are expanding into low and no alcohol products, targeting an increasingly health-conscious consumer and the Gen

EUROPE RESEARCH ROUNDUP-Alfa Laval, Ferrari NV, Swedbank July 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alfa Laval, Ferrari NV and Swedbank, on Tuesday. HIGHLIGHTS * Alfa Laval ALFA.ST : JP Morgan raises target price to SEK 390 from SEK 385 * Ferrari NV RACE.MI : HSBC raises target price to EUR 385 from EUR 368 * Harworth Group Plc HWG.L : Peel Hunt raises target price to 195p from 165p * Moonpig Group MOONM.L : HSBC raises

BREAKINGVIEWS-Big Beer’s low-alcohol Plan B has too much froth The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, July 9 (Reuters Breakingviews) - Big brewers are talking a good game on zero-alcohol beer. Carlsberg CARLb.CO , Heineken HEIN.AS , Anheuser-Busch InBev ABI.BR , Molson Coors TAP.N and Japan’s Asahi 2502.T are expanding into low and no alcohol products, targeting an increasingly health-conscious consumer and the Gen Z ge

PRESS DIGEST-British Business - July 9 July 9 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Carlsberg CARLb.CO has agreed to buy British soft drinks maker Britvic BVIC.L for 3.3 billion pounds ($4.23 billion), a move the Danish brewer said would forge a UK beverage "powerhouse" and that sent both companies' shares higher.

Deals of the day-Mergers and acquisitions Adds Petrobras, Envestnet, Metro Bank; Updates Eli Lilly, Masimo July 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1 945 GMT on Monday: * * Brazilian logistics firm Transpetro, a unit of state-run oil firm Petrobras PETR4.SA , said it has launched a procurement notice to commission four new coastal vessels, which it hopes will help revive the nation's shipbuilding sector.

UPDATE 1-London stocks subdued as non-life insurers offset resource sector slide For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.1%, FTSE 250 flat Resources shares lead declines Britvic surges after agreeing to Carlsberg's sweetened bid Updated at 1550 GMT By Purvi Agarwal and Roshan Abraham July 8 (Reuters) - London stocks began the week on a muted note, with resource shares edging lower and investors awaiting fresh econ

Deals of the day-Mergers and acquisitions Adds: Masimo, Devon Energy, Vista Outdoor, Eli Lilly, Thermo Fisher Scientific's Updates: Paramount Global, Carlsberg, Grifols July 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Masimo MASI.O said a potential partner is prepared to offer $850 million to $950 million for its consumer business.

BREAKINGVIEWS-Carlsberg soft-drink deal packs an appealing punch The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to fix typo in paragraph one. By Aimee Donnellan LONDON, July 8 (Reuters Breakingviews) - Carlsberg’s CARLb.CO Jacob Aarup-Andersen has finally satisfied his thirst. On Monday, the boss of the Danish brewer said that he had agreed a deal to buy J2O-maker Britvic BVIC.L for 3.3 billion pound ($4.2 billion) in cash, after making a third off

Deals of the day-Mergers and acquisitions July 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday: ** Skydance Media and Paramount Global PARA.O agreed to merge, the companies announced late on Sunday, scripting a new chapter for one of Hollywood's oldest studios. nL1N3IZ075 ** The Grifols family and Canadian fund Brookfield have agreed to launch a joint takeover bid for Spanish drugmaker Grifols GRLS.MC with the intent to delist it, the com

BRIEF-Carlsberg CFO Ulrica Fearn: will resume share buybacks when new leverage target is reached, expected in 2027 July 8 (Reuters) - Carlsberg A/S CARLb.CO : CARLSBERG CFO ULRICA FEARN: WILL RESUME SHARE BUYBACKS WHEN NEW LEVERAGE TARGET OF 2.5X NET DEBT TO EBITDA IS REACHED, EXPECTED IN 2027 Source text for Eikon: [ID:] Further company coverage:

UPDATE 2-STOXX 600 flat as markets assess France's hung parliament prospects For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 flat, energy shares lead losses Britvic gains on deals with Carlsberg Delivery Hero drops after it flags potential antitrust fine Updated at 1600 GMT By Shubham Batra and Shristi Achar A July 8 (Reuters) - European shares were muted on Monday as investors mulled chances of a hung parliament in France afte

BUZZ-Carlsberg up after it agrees to buy Britvic for $4.2 bln ** Shares in Carlsberg CARLb.CO rise around 4% after Britvic BVIC.L has agreed to a takeover by the Danish brewer for 3.3 billion pounds ($4.22 billion) ** Nordnet analyst Per Hansen says the share price reaction is a "sigh of relief" that the bid did not go higher than 1,315 pence per s