Price hikes spell AB InBev Q3 hit, Carlsberg miss
BRUSSELS/COPENHAGEN, Nov 9 (Reuters) – Anheuser-Busch InBev
and Carlsberg showed sharply contrasting
fortunes in the third quarter, the former persuading U.S. and
Brazilian drinkers to swallow higher prices and the latter still
suffering a tax-hike hangover in Russia.
AB InBev, the world’s biggest brewer and maker of Budweiser,
Stella Artois and Beck’s persuaded increasingly affluent
Brazilians to drink higher priced beer and U.S. drinkers to
stick with or shift to premium brands despite an economic
slowdown.
Brazil shine, Russia gloom in focus for brewers
BRUSSELS/COPENHAGEN, Nov 9 (Reuters) – Brewers
Anheuser-Busch InBev and Carlsberg are set
to show widely differing fortunes on Wednesday, with the former
profiting from a continuing boom in Brazil and the latter
suffering in Russia.
AB InBev, maker of Budweiser and Stella Artois, is expected
to report increased earnings for the third quarter as the
world’s largest brewer persuades Brazilians to pay more for
their beer and pushes through cost savings in the United States
and Western Europe.
ArcelorMittal says steel demand dip deepening
BRUSSELS (Reuters) – ArcelorMittal SA, the world’s largest steelmaker, said a summer dip in demand is deepening into a second-half slump, with even lower steel shipments and prices in the fourth quarter than the third leading it to scrap some investment plans.
ArcelorMittal, which makes between 6 and 7 percent of global steel, said on Thursday customers were increasingly cautious due to economic uncertainties, such as the risk of recession in developed markets and policy tightening in China leading to slower growth.
ArcelorMittal EBITDA falls 29 pct, sees slump extending
BRUSSELS (Reuters) – ArcelorMittal SA, the world’s largest steelmaker, said on Thursday a summer dip is deepening into a second-half slump, with even lower steel shipments expected in the fourth quarter than the third and some investments scrapped.
ArcelorMittal, which makes between 6 and 7 percent of global steel, said customers were increasingly cautious due to economic uncertainties, such as the risk of recession in developed markets and policy tightening, leading to slower growth, in China.
ArcelorMittal sees slump extending into year end
BRUSSELS, Nov 3 (Reuters) – ArcelorMittal SA , the
world’s largest steelmaker, said on Thursday a summer dip is
deepening into a second-half slump, with even lower steel
shipments expected in the fourth quarter than the third and some
investments scrapped.
ArcelorMittal, which makes between 6 and 7 percent of global
steel, said customers were increasingly cautious due to economic
uncertainties, such as the risk of recession in developed
markets and policy tightening, leading to slower growth, in
China.
Not so Cristal clear for Chelsea after Genk draw
GENK, Belgium (Reuters) – Chelsea threw two precious Champions League points away on Tuesday, missing a penalty and producing a lacklustre performance as they allowed Racing Genk to pull back from a goal down to draw 1-1.
Group E leaders Chelsea now have eight points from four matches, two ahead of Bayer Leverkusen who lost 3-1 at Valencia (five points). Genk are bottom with two.
Soccer-Not so Cristal clear for Chelsea after Genk draw
GENK, Belgium, Nov 1 (Reuters) – Chelsea threw two precious
Champions League points away on Tuesday, missing a penalty and
producing a lacklustre performance as they allowed Racing Genk
to pull back from a goal down to draw 1-1.
Group E leaders Chelsea now have eight points from four
matches, two ahead of Bayer Leverkusen who lost 3-1 at Valencia
(five points). Genk are bottom with two.
Heineken surprises by selling more beer in Q3
BRUSSELS, Oct 26 (Reuters) – Heineken NV , the
world’s third-largest brewer, sold more beer at higher prices in
the third quarter than a year earlier helped by stronger African
markets and a rebound in Russia to report surprise increases in
volumes and revenue.
Heineken shares rose as much as 4.1 percent to a two-month
high of 36.90 euros in early trading and were 1.3 percent higher
at 0850 GMT. The STOXX European food and beverage index
was up 0.1 percent.
Central bankers want clearing wind-down plans
BRUSSELS, Oct 24 (Reuters) – The world’s clearing houses
need effective regimes to wind them down when they go bust to
avoid mayhem on financial markets, two European central bankers
said on Monday.
Clearing houses, such as LCH.Clearnet, Eurex Clearing and ICE have become a focus for regulators
since the financial crisis in a bid to curb risks and improve
transparency in markets.
Dexia clears way for full dismantlement
BRUSSELS, Oct 20 (Reuters) – Bailed-out financial group
Dexia cleared the way for its full dismantlement on
Thursday, with final board clearance for the nationalisation of
its Belgian banking business and details of the sale of its
French public financing arm.
Dexia was rescued by France, Belgium and Luxembourg this
month, receiving 90 billion euros ($124 billion) of state
guarantees and accepting that Belgium would take over its
operations there for 4 billion euros.

