SABMiller profit rise bucks trend
Thursday 22 November 2012
The brewer SABMiller has reported a 12 per cent rise in first-half profits, driven by a strong performance in Latin America.
The group, which spent $11.8bn (£7.4bn) taking over the Australian brewer Foster's last year, said that it had contributed significantly to the growth.
In the UK the group bucked the trend, with beer sales up 5 per cent against a national fall of 4.6 per cent in the six months to September.
Gary Haigh, UK managing director, said: "That was pretty good given the wettest summer on record, England's shortlived and unattractive performance in the Euros, and Boris's great job of keeping people out of the centre of London for the entire first week of the Olympics."
Sales of Peroni grew by mid-single digits, and Pilsner Urquell by double digits. The other big growth came from Kozel (the Goat), a Czech pilsner, which has proved popular.
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 4 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
- 5 UK weather: 'Coldest night of the year' tonight as freezing temperatures plummet to -10C
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
AirAsia flight QZ8501 missing: Search for plane carrying 162 passengers from Indonesia to Singapore suspended overnight
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...