Altria Profit Aided by Stake in SABMiller
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Altria Group Inc. , on Tuesday posted higher quarterly profit, as higher income from its stake in brewer SABMiller Plc , a lower tax rate  and the weak dollar offset weakness in domestic tobacco and its Kraft food business.
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No. 2 U.S. beermaker SABMiller's   move to combine American operations with No. 3 Molson  Coors  will likely be approved even though it will  increase market concentration, antitrust experts said.
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Altria and Kraft give investors a bigger cut of their cash.
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Diageo, the world's biggest maker of alcoholic drinks, has said that its net profit surged by 42 percent to 1.908 billion pounds during its financial year, boosted by strong sales in the United States.
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SABMiller PLC, the world's second-largest brewer by volume, said Thursday that strong sales helped net profit more than double in the first half of the fiscal year.
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Wine and spirits group Allied Domecq said today a strong performance by its core brands was behind a 6% rise in profits. Growth of favourites such as Ballantineâs whisky, Beefeater gin and Malibu rum helped
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In the best combination of tobacco &#39;n&#39; food news since Homer Simpson&#39;s tomacco, today Altria Group (NYSE: MO) and its cheesy stepchild Kraft (NYSE: KFT) both upped their dividends.
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MELBOURNE, HONG KONG, SEPT 15: Global brewer SABMiller and its Chinese partner have agreed to pay $154 million in cash and acquired debt for three Yangtze River Delta breweries, boosting their reach in the worldâs top beer market.
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C&amp;C Group Plc, the maker of Tullamore Dew whiskey that held its initial public offering in May, said first-half profit more than doubled after the sale of a business helped cut debt and reduce interest charges.
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Anheuser-Busch Cos Inc  on Monday reported fourth-quarter sales that were better than some analysts expected, helped by the addition of foreign brands to its portfolio, sending its shares up 4 percent.
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Altria's  planned split into separate U.S. and international tobacco companies will lift the company's stock even though investors' reaction has been only lukewarm, financial newspaper Barron's said in its September 17 edition.
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ALLIED Domeq, the worldâs second-biggest spirits maker, today toasted an &quot;excellent year&quot; with news of a six per cent rise in annual profit.
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Pernod Ricard, the liquor maker, said its annual profit rose less than forecast as a result of higher spending on advertising. Profit for the year ended June 30, excluding interest, taxes and amortization, was 1.26 billion euros ($1.6 billion), missing some analystsÂ estimates. Net income rose 32 percent, to 639 million euros. The results are the first full-year numbers since Pernod bought Allied Domecq for $13 billion last year. Pernod, which is based in Paris, said it increased its marketing spending during the year to 1.04 billion euros from 593 million a year earlier.
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Anheuser-Busch Cos. said Wednesday that third-quarter profit rose 3 percent, helped by higher international sales and its acquisition of Harbin Brewer Group.
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Altria Group Inc. MO.N on Wednesday  said quarterly profit fell 6.9 percent, weighed down by  one-time charges at its Kraft Foods business and increased  exposure to airline industry losses at its financial services  unit.
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Altria Group Inc., the parent company of cigarette maker Philip Morris and Kraft Foods Inc., may split into three separate units to improve shareholder value, according to Chief Executive Louis Camilleri.
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Kroger Co. KR.N, the largest U.S.   grocery chain, posted a higher quarterly profit on Tuesday,   aided by cost cuts and sales growth.