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Heineken


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Vietnam plans raising special consumption tax on alcoholic drinks to 100% by 2030

UPDATE 1-Vietnam plans raising special consumption tax on alcoholic drinks to 100% by 2030 Adds context in paragraphs 5-6, updates shares in paragraph 7, Sabeco's response in paragraph 8 HANOI, June 14 (Reuters) - Vietnam's Finance Ministry has proposed to hike a special consumption tax on alcoholic drinks to 100% by 2030, the ministry said, a move that may further hurt the country's beverage industry.
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British inflation heading towards target

LIVE MARKETS-British inflation heading towards target STOXX 600 down 0.4% Banks, utilities down; volatility low Nvidia results coming into focus Wall Street futures steady 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 BRITISH INFLATION HEADING TOWARDS TARGET Inflation in Britain could have fallen to the Bank of England's 2.0% target last month, although analysts are split on wh
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Big sports events: a boost for brewers?

LIVE MARKETS-Big sports events: a boost for brewers? STOXX 600 down 0.4% Banks, utilities down; volatility low Nvidia results coming into focus Wall Street futures steady 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 BIG SPORTS EVENTS: A BOOST FOR BREWERS?
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Summer of sport to help revive global beer sales

UPDATE 1-Summer of sport to help revive global beer sales Olympics and Euros among factors likely to drive consumption Easing of Bud Light boycott also helping sales Breweries seeing better volumes after declines Adds AB InBev CFO quote in paragraph 7 By Emma Rumney LONDON, May 8 (Reuters) - Global brewers are set to sell more beer this year after several quarters of declines, helped by factors from sports and slower inflation to weather patterns and a fading boycott.
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Summer of sport to help revive global beer sales

Summer of sport to help revive global beer sales Olympics and Euros among factors likely to drive consumption Easing of Bud Light boycott also helping sales Breweries seeing better volumes after declines By Emma Rumney LONDON, May 8 (Reuters) - Global brewers are set to sell more beer this year after several quarters of declines, helped by factors from sports and slower inflation to weather patterns and a fading boycott.
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AB Inbev shares shine as Q1 beats expectations

BUZZ-AB Inbev shares shine as Q1 beats expectations ** Shares in AB Inbev ABI.BR rise about 5% after the world's largest beer maker posted consensus-beating Q1 earnings and confirmed its 2024 outlook ** AB InBev reported a 5.4% increase in its Q1 adjusted EBITDA to 4.99 billion dollars, beating the consensus of a 1.9% rise, as quoted by Jefferies a
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AB InBev's shares rise on 'bruise-free' first quarter

UPDATE 5-AB InBev's shares rise on 'bruise-free' first quarter Investors welcome better-than-expected results U.S. Bud Light boycott still weighs on AB InBev Boycott impact now set to ease Updates shares in paragraph 1, adds detail on shares in paragraph 4 graphic By Emma Rumney LONDON, May 8 (Reuters) - Anheuser-Busch Inbev ABI.BR shares rose more than 5% on Wednesday, in response to a strong first-quarter performance and anticipated relief from the impact of an ongoing U.S.
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AB InBev meets Q1 revenue forecasts, Bud Light boycott bites

CORRECTED-UPDATE 3-AB InBev meets Q1 revenue forecasts, Bud Light boycott bites Corrects to read 'almost $5 billion' (not 'almost $4.5 billion), in paragraph 12 LONDON, May 8 (Reuters) - Anheuser-Busch Inbev ABI.BR on Wednesday reported a 2.6% rise in sales in the first quarter, in line with analyst expectations, hurt again by a year-long Bud Light boycott whose impact is now set to ease.
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India's United Breweries' quarterly profit surges on higher beer sales, names new CFO

India's United Breweries' quarterly profit surges on higher beer sales, names new CFO BENGALURU, May 6 (Reuters) - India's United Breweries UBBW.NS reported an over eight-fold rise in fourth-quarter profit on Tuesday, helped by price hikes and higher sales of its premium beers. The beer maker named Jorn Kersten, currently the finance director in Heineken, Ethiopia, as its new chief financial officer, effective August 1, 2024. WHY IT'S IMPORTANT India's alcohol and beverage makers have benefited
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British Business - May 6

PRESS DIGEST-British Business - May 6 May 6 (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 Retail investors could receive a "bonus" share in NatWest Plc NWG.L if they hold on to the stock for at least a year. Heineken HEIN.AS is investing 39 million pounds ($48.92 million) to reopen 62 long-closed pubs and upgrade more than 600 of the brewer's existing venues in the
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Financial Times - May 6

PRESS DIGEST- Financial Times - May 6 May 6 (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 - Heineken to reopen closed UK pubs as cost of living pressures ease - ArcelorMittal warns that one of its main divisions could quit UK - EU lobbies China to keep agriculture out of trade disputes - Michael Platt's BlueCrest prepares to expand trading teams Overview - Heineken HEIN.AS is reopening
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Mexico's FEMSA revenues climb 11% on Oxxo, Coca-Cola growth

UPDATE 2-Mexico's FEMSA revenues climb 11% on Oxxo, Coca-Cola growth Updates share price, adds detail from call By Kylie Madry MEXICO CITY, April 26 (Reuters) - Mexico's FEMSA FEMSAUBD.MX , which controls one of the largest Coca-Cola KO.N bottlers and a string of convenience store chains, posted an 11% increase in revenue in the first quarter, boosted by growth across nearly all its business sectors.
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Heineken AGM Adopts All Proposals

BRIEF-Heineken AGM Adopts All Proposals April 25 (Reuters) - Heineken NV HEIN.AS : HEINEKEN N.V. ANNUAL GENERAL MEETING ADOPTS ALL PROPOSALS ADOPTED DIVIDEND PROPOSAL FOR YEAR 2023 OF EUR 1.73 PER SHARE Source text for Eikon: ID:nGNEbQ0gWP Further company coverage: HEIN.AS (Gdansk Newsroom)
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India's United Breweries up; top shareholder Heineken's March qtr sales beat estimates

BUZZ-India's United Breweries up; top shareholder Heineken's March qtr sales beat estimates ** Shares of Kingfisher beer maker United Breweries UBBW.NS up as much as 8.9% to a record 2,026.20 rupees ** UBBW's top shareholder Heineken HEIN.AS said beer volumes rose 4.7% Y/Y in March qtr, beating a 2.5% growth expected by analysts in a company-provid
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Heineken sells more beer in Q1, sticks to outlook

UPDATE 4-Heineken sells more beer in Q1, sticks to outlook Beer volume organic growth 4.7% vs 2.5% consensus Net revenue (beia) organic growth 9.4% vs 7.2% expected Keeps guidance Shares up 1.9% in afternoon trading Adds CFO comments in paragraphs 7, 10, updates shares April 24 (Reuters) - Heineken HEIN.AS sold more beer than expected in the first quarter, reporting its first year-on-year growth in quarterly volumes in a year, as it kept its 2024 profit growth forecast.
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Heineken sells more beer in Q1, sticks to outlook

Heineken sells more beer in Q1, sticks to outlook April 24 (Reuters) - Heineken HEIN.AS sold more beer in the first quarter, reporting its first quarterly year-on-year growth in beer volumes in a year, and stuck to its forecast for profit growth in 2024. The world's second-largest brewer said on Wednesday that beer volume was up 4.7% organically in the January-March period, compared with the 2.5% growth expected by analysts in a company-provided poll.
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Heineken Q1 Net Revenue EUR 6.80 Bln Up 9.4% Organically

BRIEF-Heineken Q1 Net Revenue EUR 6.80 Bln Up 9.4% Organically April 24 (Reuters) - Heineken NV HEIN.AS : OUTLOOK FOR FULL YEAR UNCHANGED; OPERATING PROFIT (BEIA) EXPECTED TO GROW ORGANICALLY LOW- TO HIGH-SINGLE-DIGIT Q1 ORGANIC BEER VOLUME GROWTH 4.7% VERSUS 2.5% SEEN IN COMPANY-COMPILED CONSENSUS Q1 NET REVENUE (BEIA) ORGANIC GROWTH 9.4% VERSUS 7
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Nigerian Breweries Says Indicates Plans For Company-Wide Reorganisation As Part Of Strategic Recovery Plan

BRIEF-Nigerian Breweries Says Indicates Plans For Company-Wide Reorganisation As Part Of Strategic Recovery Plan April 16 (Reuters) - Nigerian Breweries Plc NB.LG : NIGERIAN BREWERIES PLC: INDICATES PLANS FOR COMPANY-WIDE REORGANISATION AS PART OF STRATEGIC RECOVERY PLAN NIGERIAN BREWERIES: PLAN INCLUDES TEMPORARY SUSPENSION OF OPERATIONS IN 2 OF 9
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Barclays cuts Carlsberg, expects weak China conditions to hit growth

BUZZ-Barclays cuts Carlsberg, expects weak China conditions to hit growth ** Shares of Danish brewer Carlsberg CARLb.CO down 2% at DKK 928 ** Barclays downgrades stock to "equal weight" from "overweight", says it expects consumer weakness in China to hit co's organic growth ** Beer is a "declining category" in China where Carlsberg generates around
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Nigerian Breweries to raise $480 million to boost capital after 2023 loss

Nigerian Breweries to raise $480 million to boost capital after 2023 loss By Chijioke Ohuocha ABUJA, April 3 (Reuters) - Nigerian Breweries NB.LG said on Wednesday it plans to raise up to 600 billion naira ($480 million) to boost its capital after it swung to a loss last year due to currency devaluations and weak demand. Companies in Africa's biggest economy have been hurt by two currency devaluation s in less than six months, which have stoked inflation to its highest level since the 1990s.
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