Heineken boosts African position
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Heineken buys a majority stake in Nigerian brewer Consolidated Breweries, boosting its position in Africa's second-largest market.
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The ethanol producer's star is rising once more.
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Drinks giant Allied Domecq was today toasting the success of spirits such as Ballantineâs whisky and Malibu rum as it issued an upbeat trading statement.
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British oil and gas company Tullow Oil announced the discovery of up to 600 million barrels of oil off the Ghanaian coast, illustrating the growing importance of Africa in efforts to quench the world&#39;s thirst for energy.
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ATLANTA -- Anheuser-Busch Cos. was dethroned as the King of Beers as US drinkers switched to imports. The brewer's best shot at regaining the crown rests on distributing those rivals' beers in its home market.
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The brewers will buy and break up Scottish and Newcastle in an effort to raise Carlsbergâs position in Russia and Heinekenâs presence in Western Europe.
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Polish wine and spirits importer Racke International is banking on the wine market to boost future sales.
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Business & money: Â· Drinks group signs Â£460m deal with Ketel OneÂ· Dutch vodka expected to cut into top seller's market
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Carlsberg and Heineken on Friday finally agreed a cash bid of 7.8 billion pounds ($15.3 billion) to buy and break up Scottish and Newcastle (S&N) to boost the Danish brewer's position in Russia and the Dutch group's presence in western Europe.
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Denis Hennequin, head of McDonaldâs European division, has combined European roots and American tastes to make his unit among the companyâs most successful.
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The pound was firmer, hitting 1.9846 usd at one point -- its highest level this year, on news of a major stock market acquisition and as markets scaled back their interest rate cut expectations. Scottish & Newcastle, the UK's largest brewer, announced it has agreed to be bought by Carlsberg and Heineken, for around 7.6 billion pounds.
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Growing consumer spending levels in China have helped boost sales at two of the world's leading drinks groups.
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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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Belgium's Interbrew, which acquired AmBev to create the world'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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Brewers Carlsberg and Heineken will buy beermaker Scottish & Newcastle for $15.3 billion, the companies said Friday.
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British oil and gas company Tullow Oil announced the discovery of up to 600 million barrels of oil off the Ghanaian coast Monday, illustrating the growing importance of Africa in efforts to quench the world&#39;s thirst for energy.
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BREWING giant SABMiller, which was pipped at the post by arch-rival Anheuser Busch in the race for China&#39;s Harbin Brewery earlier this year, has bought the business of Australia&#39;s Lion Nathan in the country.