SAB.L Share News (SAB)

AB InBev to cut 3% of workforce after merger

(ShareCast News) - Belgian brewer Anheuser-Busch InBev said on Friday that its merger with SABMiller could result in thousands of job losses. According to documents related to the transaction, around 3% of the company's total workforce, or 5,500 jobs could be axed as AB InBev looks to make pre-tax s

AB InBev expects to cut 3 pct of jobs after SABMiller takeover

BRUSSELS, Aug 26 (Reuters) - Anheuser-Busch InBev expects to cut some 3 percent of its combined workforce after it has acquired rival SABMiller, according to takeover documents published on Friday. That would be some 5,500 jobs, according to a source with information on the offer. AB

UPDATE 2-UK court says SABMiller shareholders can be split into two classes

* UK court ruling effectively raises investor approval hurdle * Altria, Bevco to give support separately * More details to be published on Aug. 26 (Adds SAB, AB InBev statements, updates shares) By Martinne Geller LONDON, Aug 23 (Reuters) - SABMiller shareholders can be

SABMiller's shareholders can be split in two classes, judge rules

(ShareCast News) - Brewery and beverage giant SABMiller's shareholders can be treated as two classes when they vote on the £79bn takeover by rival Anheuser Busch InBev, a judge ruled on Tuesday. As a result of the ruling, the FTSE 100-listed company now needed 75% of SABMiller's shareholders, exclud

UK Court Approves Separate Treatment For SABMiller Shareholders

UK court says SABMiller shareholders can be split into two classes

LONDON, Aug 23 (Reuters) - A UK court has ruled that SABMiller shareholders can be treated as two classes when they vote on the company's takeover by Anheuser Busch InBev , granting the request from the brewer for a split. The 79 billion pound ($103 billion) deal requires 75 percent approva

Coke bottler to rethink South Africa spending plans due to sugar tax

JOHANNESBURG, Aug 18 (Reuters) - Africa's biggest Coke bottler, Coca-Cola Beverages Africa, will rethink its spending plans in South Africa if Pretoria's proposed tax on sugary drinks gets the green light, a spokeswoman said on Thursday. In a bid to fight a growing obesity rate in the conti

UPDATE 2-Carlsberg says to tackle underperforming businesses

* Half-year results slightly below expectations * But brewer maintains profit outlook for year * CEO says will tackle poorly performing operations (Adds CEO comments, context) By Nikolaj Skydsgaard COPENHAGEN, Aug 17 (Reuters) - Danish brewer Carlsberg promised to addre

Sugar tax to cost 60,000 jobs in South Africa - industry executive

JOHANNESBURG, Aug 16 (Reuters) - South Africa could lose 60,000 jobs in the beverage industry due to a proposed tax on sugary drinks, chairman of Coca-Cola Beverages Africa, Phil Gutsche, said on Tuesday. The National Treasury has proposed a 20 percent tax on sugar sweetened drinks under a

Europe's boutique firms stealing M&A market share, dealmakers, data shows

By Anjuli Davies and Pamela Barbaglia LONDON, Aug 14 (Reuters) - Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations

Sunday newspaper round-up: Interest rates, EU single market, IHG, Poundland

(ShareCast News) - Savers face five more years of record-low returns, with investors betting that the Bank of England will not undo last week's interest rate cut before the end of the decade. City traders expect Bank governor Mark Carney to slash borrowing costs again before the end of the year, the

UK Dividends Calendar - Next 7 Days

AB InBev to take top roles in SABMiller takeover, 576 UK jobs could go

(ShareCast News) - Brewing giant Anheuser-Busch InBev will take the top jobs following the £79bn takeover of rival SABMiller, while up to 576 UK jobs could go. AB InBev managers will take over 19 out 20 positions, in a agreement thought to make up for the weak sterling in light of Brexit. The decisi

UPDATE 2-AB InBev to dominate top jobs after SABMiller deal

* New entity based in Belgium, run out of New York * All but one executive manager from AB InBev * SAB's London HQ, some regional hubs to be wound down (Adds more details, byline, bullet points) By Martinne Geller LONDON, Aug 4 (Reuters) - Anheuser Busch InBev managers

MillerCoors meets volume expectations, though income declines

(ShareCast News) - SABMiller and Molson Coors Brewing Company reported that MillerCoors' second quarter underlying net income declined 3.8% to $468.8m against the same period last year on Tuesday. The US-based joint venture said the decline was driven primarily by the timing of shipments due to year