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Stock Market & Financial Investment News

News Breaks
June 9, 2014
06:22 EDTSBMRYSABMiller increases production of craft beer, FT says
SABMiller is working to increase its share of the premium beer market in the U.S., where it has been caught on the hop by the explosion of local expensive craft beers, according to the Financial Times, citing comments from the company's CEO Alan Clark. When discussing the ramp-up of activity within the MillerCoors joint venture, Clark said, "We’ve got to shift our portfolio to premium. That’s clearly a priority that the team now understand and are working on it." Clark did not mention a timeframe for the increase. Reference Link
News For SBMRY From The Last 14 Days
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May 19, 2015
09:58 EDTSBMRYOn The Fly: Analyst Downgrade Summary
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08:13 EDTSBMRYSABMiller downgraded on currency outlook at RBC Capital
As noted earlier, RBC Capital downgraded SABMiller to Underperform from Sector Perform. The firm expects emerging market currency weakness to contribute to a 70 basis point EBTIDA margin decline for the company in 2016.
05:58 EDTSBMRYSABMiller downgraded to Underperform from Sector Perform at RBC Capital
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May 15, 2015
06:09 EDTSBMRYSABMiller to enter U.K. craft beer market with acquisition of Meantime Brewing
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May 13, 2015
05:53 EDTSBMRYSABMiller expects trading environment to remain challenging
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05:53 EDTSBMRYSABMiller raises FY dividend by 8% to 113c
05:51 EDTSBMRYSABMiller reports Q1 adjusted EPS 239.1c vs. 242c last year
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