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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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October 15, 2014
10:02 EDTSBMRYOn The Fly: Analyst Downgrade Summary
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08:01 EDTSBMRYSABMiller downgraded to Underperform from Sector Perform at RBC Capital
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October 14, 2014
06:21 EDTSBMRYSABMiller reports Q2 group NPR increased 3%
Reports Q2 group net producer revenue per hectoliter grew by 4% in Q2. Reports total beverage volumes grew by 1% for the first six months on an organic basis, driven by "strong" performance across both lager and soft drinks in Latin America and Africa. SABMiller CEO Alan Clark said, "We achieved resilient net producer revenue growth in the first half, powered by our Africa and Latin America businesses. Our total beverage volume growth was impacted by weaker lager volume performance in Q2, balanced by strong growth in soft drinks. Financial performance has been affected by ongoing foreign currency movements as well as weaker Q2 trading conditions in China and Australia.” Reference Link
October 13, 2014
07:26 EDTSBMRYAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link

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