SABMiller toasts sales rise as Miller brand improves
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Britain-based brewer SABMiller reported strong third quarter sales and toasted a rise in market share for its US brand Miller despite tough trading conditions.
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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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SABMiller, the worldâs third biggest brewer, poured out a strong interim trading performance yesterday - as it also said it had a potential warchest of up to $2 billion (Â£1.08bn) if a major acquisition opportunity occurred.
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The world&#39;s second-biggest spirits group, Allied Domecq, today reported a 6% rise in annual profits, boosted by a change in US tastes from beers to spirits.
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Brewing giant SABMiller says it is now the largest brewer in China by both sales volume and brewing capacity.
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Anheuser-Busch Cos. Inc. reported a slight rise in third-quarter earnings Wednesday, despite a general slowdown in its beer business.
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Impressive sales of sodas and sandwiches send the stock to a new high.
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A resurgence in sales helped push the brewerâs profit to $214 million in the fourth quarter.
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Brewer Fuller, Smith & Turner reports a sharp rise in profit after its purchase of rival beer company Gales last year.
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London&#39;s SABMiller has agreed to buy the Chinese brewing business of Australia&#39;s Lion Nathan for US$154 million, it said Wednesday.
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SABMiller is upping its interests in China with a $154 million deal to acquire three breweries from Australian rival Lion Nathan. Through its joint venture China Resources Breweries, the global beer company
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Belgium&#39;s Interbrew, which acquired AmBev to create the world&#39;s biggest brewer, reiterated on Thursday its higher volume and profit targets for 2004 as demand began to recover from a weak summer.
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Anheuser-Busch Cos Inc  said on  Wednesday quarterly profit rose nearly 11 percent as the  nation's largest brewer sold more beer at higher prices.
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Anheuser-Busch Cos. Inc. BUD.N, the  largest U.S. brewer, said on Wednesday quarterly profit rose on  price increases for brands such as Bud Light and strong growth  in its international business, which benefited from the  acquisition of Harbin Brewery in China.
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The sales numbers are encouraging as this outdoors retailer expands.
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Altria Group Inc. (MO.N: Quote, Profile, Research) , on Tuesday posted higher quarterly profit, as higher income from its stake in brewer SABMiller Plc (SAB.
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The ethanol producer's star is rising once more.