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Oct 30, 2015

AB InBev upbeat on premium beer sales, raises dividend

BRUSSELS (Reuters) – Anheuser-Busch InBev, the world’s largest brewer, gave an upbeat view on revenues due to higher than expected sales of premium lagers and raised its dividend even though it is primed to launch a $100 billion-plus takeover of SABMiller (SAB.L: Quote, Profile, Research, Stock Buzz) next week.

The brewer of Budweiser, Stella Artois and Corona, which has a provisional agreement to buy its nearest rival, said it now believed revenue per hectolitre would grow by more than inflation, having previously said it would grow in line.

Oct 29, 2015

U.S. wary of EU proposal for investment court in trade pact

WASHINGTON/BRUSSELS (Reuters) – The United States is wary of a European Union proposal for a new court system to settle investment disputes as part of the world’s biggest free-trade agreement, U.S. Trade Representative Michael Froman said.

A Pacific trade deal agreed earlier this month amended rules allowing foreign companies to take legal action against governments to add more safeguards, he said, and Washington was open to discussing other reforms as part of a proposed trade deal with the EU.

Oct 28, 2015

Exclusive: U.S. trade czar says Britain would lose on trade outside the EU

WASHINGTON/BRUSSELS (Reuters) – The United States is not keen on pursuing a separate free trade deal with Britain if it leaves the European Union, U.S. Trade Representative Michael Froman said on Wednesday, the first public comments from a senior U.S. official on the matter.

British voters are due to decide before the end of 2017 whether their country should remain in the EU, and opinion polls show rising support for leaving the bloc.

Oct 28, 2015

Heineken profits across Americas and in warm Europe

BRUSSELS, Oct 28 (Reuters) – Heineken NV, the
world’s third-largest brewer, on Wednesday said revenues and
beer volumes grew by more than expected in the third quarter,
driven by strong sales across the Americas and by a warmer
summer in much of Europe.

The Dutch brewer, whose Heineken lager is Europe’s top
seller, said revenues grew 8 percent in the third quarter to
5.51 billion euros ($6.08 billion), ahead of a Reuters poll of
10 analysts which had produced an average forecast of 5.31
billion.

Oct 23, 2015

U.S., Europe step up efforts on trade deal with new offers

WASHINGTON/BRUSSELS (Reuters) – The United States and the European Union promised to cut tariffs on almost all types of imported goods in a bid to wrap up a free trade pact by the end of 2016, negotiators for the two parties said on Friday.

Although the main benefits of the Transatlantic Trade and Investment Partnership (TTIP) are seen in agreeing on regulation and common standards to cut business costs, the new market access offers mark an important step forward for the two-year-old talks, which have been languishing.

Oct 21, 2015

EU rules Starbucks, Fiat tax deals are illegal

BRUSSELS, Oct 21 (Reuters) – The European Commission ruled
on Wednesday that Starbucks and Fiat benefited from illegal tax
deals with the Dutch and Luxembourg governments, in cases with
major implications for the taxation of multinational companies.

Antitrust commissioner Margrethe Vestager said all firms
must pay a “fair share” and ordered the Netherlands to recover
20-30 million euros ($23-34 million) in back taxes from the U.S.
coffee shop chain. Luxembourg must recover a similar amount from
Italian-U.S. carmaker Fiat Chrysler Automobiles, she
said.

Oct 15, 2015

Rivals see local battles with new beer giant but no global war

COPENHAGEN/BRUSSELS, Oct 15 (Reuters) – The prospect of a
new competitor that produces one third of an entire industry’s
output would normally terrify rival companies, but brewing is
different.

The very local nature of lagers and ales, and the fact that
a price war is seen as unlikely, mean global market leader
Anheuser-Busch InBev’s imminent takeover of SABMiller
, the world’s second largest brewer, should not destroy
the competition.

Oct 14, 2015

EU revamps trade policy in face of protests

BRUSSELS (Reuters) – The European Commission launched a new trade policy on Wednesday designed to connect more with a skeptical public and to conclude more free trade agreements, notably reviving talks with the United States.

The strategy to make trade policy more effective and transparent and rooted in values such as sustainable development and human rights is a response to heated protests against the planned EU-U.S. Transatlantic Trade and Investment Partnership (TTIP).

Oct 13, 2015

AB InBev wins over SABMiller at fifth attempt

BRUSSELS/LONDON, Oct 13 (Reuters) – The world’s two biggest
brewers agreed on Tuesday to create a company making almost a
third of the world’s beer after SABMiller received an
improved offer worth more than $100 billion from larger rival
Anheuser-Busch InBev.

If it goes through, the deal would rank in the top five
mergers in corporate history and be the largest takeover of a UK
company.

Oct 13, 2015

AB InBev, SABMiller brew up $100 billion deal

BRUSSELS/LONDON (Reuters) – The world’s two biggest brewers
agreed on Tuesday to create a company making almost a third of
the world’s beer after SABMiller accepted an offer worth
more than $100 billion from larger rival Anheuser-Busch InBev
.

The SABMiller board said it would give its blessing to a
fifth proposal from its sole larger rival. If it goes through,
the deal would rank in the top five mergers in corporate history
and be the largest takeover of a UK company.

    • About Phil

      "I am responsible for Reuters news out of Belgium and Luxembourg, which has led to many long nights outside parliament in Brussels awaiting news of fraught coalition talks and state bailouts of Belgian banks. I have previously worked in London, Amsterdam, where my work included consumer electronics group Philips and the Lockerbie trial, and Berlin, where I covered the Hamburg trials of suspected September 11 conspirators."
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