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Top industry news
14684 articles
China: China Resources Beer stock target raised, retains Buy rating
On Monday, March 18, Jefferies maintained a Buy rating on China Resources Beer Holdings Co Ltd. and slightly increased the stock price target to HK$44.67 from the previous HK$44.50. The . . .
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19 March, 2024
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Japan: Kirin Holdings to focus on promoting flagship Kirin Ichiban beer, introduce new brands in pure beer category
Kirin Holdings is gearing up its marketing efforts in 2024 in anticipation of increased domestic competition and Japan’s 2026 liquor tax reforms. The company plans to focus on promoting its . . .
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18 March, 2024
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The Netherlands: Holland Malt inaugurates world's first emission-free malthouse in Eemshaven
Holland Malt on March 14 officially inaugurated the world's first emission-free malthouse in Eemshaven, Netherlands, Inside.Beer reported.
This innovative facility, powered by the largest heat pump project in the Netherlands . . .
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18 March, 2024
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China: China Resources Beer's 2023 net profit rises buoyed up by higher beer sales
China Resources Beer's 2023 net profit rose due to higher beer sales as the lifting of pandemic-related restrictions supported overall business, Morningstar.com reported on March 18.
Net profit rose 18.7% in . . .
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18 March, 2024
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World: France malting barley situation attracts increasing interest globally
The main point of interest in malting barley globally is in France, where prices are higher on the increasing concerns about late planting of spring barley, RMI Analytics said in . . .
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18 March, 2024
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EU & UK: Wet weather remains the main concern for barley crop across almost all Europe
The weather has remained wet and warm across almost all Europe which is having two kinds of impact on barley. Firstly, seeding of crop 2024 spring barley is well behind . . .
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18 March, 2024
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UK: Two of Northern Ireland’s biggest alcoholic drinks companies saw surging costs squeeze profits last year
Two of Northern Ireland’s biggest alcoholic drinks companies saw their profits squeezed last year by surging costs, The Irish News reported on March 18.
Guinness-maker Diageo saw costs within its Northern . . .
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18 March, 2024
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Vietnam: Beer sales plunge by 11% last year due to tough anti-drunk driving policy
Vietnam’s beer sales plunged by 11% in 2023 due to the government's zero tolerance for drunk driving, and breweries' profits were down 23%, VnExpress International reported on March 17 citing . . .
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18 March, 2024
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Malaysia: Worst of Carlsberg Brewery Malaysia Bhd’s year-on-year revenue declines is over, analysts say
The worst of Carlsberg Brewery Malaysia Bhd’s year-on-year (y-o-y) revenue declines is over and the group’s y-o-y revenue growth should turn positive by the second half of 2024 (2H24), says . . .
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18 March, 2024
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USA: AB InBev stock falls as Altria announces plans to sell shares in Bud Light maker
American Depositary Receipts (ADRs) of Anheuser-Busch InBev slumped more than 5% on March 14 after Altria slashed part of its 10% stake in the beer maker at a discounted price, . . .
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17 March, 2024
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