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European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks

BUZZ-European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks ** Deutsche Bank says soft drinks are the clear winner in the European beverages sector, while spirits and beer have suffered from a combination of negative estimate revisions and multiple contraction post a dismal summer ** "Brewers have not performed as well as we expected due to a combination of adverse weather in June and a lack of COGS (cost of goods sold) tailwinds," says DB ** It still sees the beer sect
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Barclays Bank, Ferrari, Volkswagen

EUROPE RESEARCH ROUNDUP-Barclays Bank, Ferrari, Volkswagen Sept 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Barclays Bank, Ferrari and Volkswagen on Monday. HIGHLIGHTS * Barclays Bank BARC.L : Morgan Stanley raises target price to 300p from 290p * Ferrari RACE.MI : Citigroup raises target price to EUR 360 from EUR 334 * Mercedes-Benz Group AG MBGn.DE : Citigroup cuts target price to EUR 60 from EUR 65 * Shell Plc SHEL.L : HSB
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds Unilever Sept 5 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault RENA
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From apartheid to Gaza, consumer boycotts have hit major companies over the years

REFILE-FACTBOX-From apartheid to Gaza, consumer boycotts have hit major companies over the years Corrects to remove extraneous letter in paragraph 1, changes story identification tag LONDON, Sept 4 (Reuters) - Global companies including Anheuser-Busch InBev ABI.BR , Coca-Cola KO.N and Target TGT.N have suffered hits to sales and, in some cases, reputations, after shoppers boycotted their products or services over the years.
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JPM sees volume/pricing trade-off amid weak demand in focus for European Staples in H2

BUZZ-JPM sees volume/pricing trade-off amid weak demand in focus for European Staples in H2 ** After a mixed H1 for European Staples, focus in H2 will be on the balance of volumes recovery versus easing pricing and accelerated promotion and marketing, as well as demand risks in U.S. and China, J.P. Morgan says ** It flags that the faster-than-expected normalisation in pricing is weighing on revenue growth while consumer demand also shows signs of strains in major markets, U.S.
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Brazilian brewer Ambev taps Lisboa to be next CEO

Brazilian brewer Ambev taps Lisboa to be next CEO SAO PAULO, Aug 27 (Reuters) - Brazilian brewer Ambev announced a corporate leadership shakeup on Tuesday, with Carlos Eduardo Lisboa set to take the reins as its next chief executive starting next year on January 1, according to a company filing. The shakeup will also see current CEO Jean Jereissati Neto take on the role as chief of the company's Middle Americas unit, the brewer added.
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Qatar Airways to take 25% stake in South African carrier Airlink

UPDATE 3-Qatar Airways to make 25% equity investment in South African carrier Airlink Adds Airlink CEO comments and background in paragraphs 5-7, 11 By Andrew Mills DOHA, Aug 20 (Reuters) - Qatar Airways will take a 25% stake in South Africa-based regional carrier Airlink as both airlines seek to boost services and passenger numbers across Africa, they said on Tuesday.
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Brewers tap growth of zero-alcohol beers in Middle East

FOCUS-Brewers tap growth of zero-alcohol beers in Middle East By Mohamed Ezz and Emma Rumney CAIRO/LONDON, Aug 15 (Reuters) - Egyptian Mohannad Abdelazeem, 35, doesn't drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz - alcohol-free beers. Brewers including Carlsberg CALRb.CO and Anheuser-Busch InBev ABI.BR say interest is growing in such booze-free brews across the Middle East and North Africa, presenting opportunities in a region with some of the lowest alcoho
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Carlsberg shares hit 29-month low on gloomy Chinese beer outlook

UPDATE 1-Carlsberg shares hit 29-month low on gloomy Chinese beer outlook Carlsberg shares drop on bleak China outlook Shares at lowest level since March 2022 CEO cites tough market, 5% decline in China Despite weak Q2 sales, Carlsberg raises FY profit growth outlook Adds CEO quote in paragraphs 5,9, share price in 1,7 By Jacob Gronholt-Pedersen COPENHAGEN, Aug 14 (Reuters) - Carlsberg CARLb.CO gave a gloomy outlook for the Chinese market where beer drinkers are increasingly opting out of the mo
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Big Beer’s stumbles leave investors ice cold

BREAKINGVIEWS-Big Beer’s stumbles leave investors ice cold The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Aug 14 (Reuters Breakingviews) - Investors are reluctant to toast big brewers’ rising profits. Despite their improving bottom lines, the valuations of Carlsberg CARLb.CO , Budweiser owner Anheuser-Busch InBev ABI.BR and Heineken HEIN.AS have declined.
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Tilray to buy four craft breweries from Molson Coors

Tilray to buy four craft breweries from Molson Coors Aug 13 (Reuters) - Tilray Brands TLRY.O would buy four craft breweries from beer maker Molson Coors TAP.N in a bid to expand business beyond its range of cannabis products, the company said on Tuesday . The pot producer would acquire Hop Valley Brewing Company, Terrapin Beer Co, Revolver Brewing and Atwater Brewery and expand its portfolio, adding 30% new beer-buying customers.
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Carlsberg lifts 2024 growth outlook, Q2 sales lag forecasts

UPDATE 2-Carlsberg lifts 2024 growth outlook, Q2 sales lag forecasts Adds detail on China in paragraph 4, Q2 volumes in 6 COPENHAGEN, Aug 13 (Reuters) - Danish brewer Carlsberg CARLb.CO on Tuesday lifted its forecast for full-year operating profit growth despite posting weaker-than-expected sales for the second quarter hit by bad June weather. "As a result of continued solid execution and good cost control, we're increasing our earnings expectations for the year despite volumes in Q2 being chall
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Carlsberg lifts full-year organic growth outlook

Carlsberg lifts full-year organic growth outlook COPENHAGEN, Aug 13 (Reuters) - Danish brewer Carlsberg CARLb.CO on Tuesday lifted its full-year organic growth outlook. Reporting by Jacob Gronholt-Pedersen and Stine Jacobsen, editing by Terje Solsvik and Louise Rasmussen
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Financial Times - Aug. 9

PRESS DIGEST- Financial Times - Aug. 9 Aug 9 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK nuclear waste site failed to heed warnings over cyber risks, court told - Barclays becomes first UK bank to scrap EU bonus cap - British Airways to suspend flights to Beijing as Russia diversion adds costs - Kremlin rejects Budweiser owner AB InBev's plan to exit Russia Overview - Sellafield
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AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities

UPDATE 2-AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities Adds detail on implications of decision in paragraph 8; shares in paragraph 11 LONDON, Aug 8 (Reuters) - Russian authorities have rejected Anheuser-Busch InBev ABI.BR and Anadolu Efes' AEFES.IS deal whereby the world's top beer maker would sell its stake in their Russian joint venture to the Turkish brewer, the companies said on Thursday.
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AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities

AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities LONDON, Aug 8 (Reuters) - Anheuser-Busch InBev ABI.BR and Anadolu Efes AEFES.IS said on Thursday that Russian authorities had rejected a deal whereby the world's top beer maker would sell its stake in their Russian joint venture to the Turkish brewer. Reporting by Emma Rumney
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Turkey - Factors To Watch on Aug 7

Turkey - Factors To Watch on Aug 7 ISTANBUL, Aug 7 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Wednesday. The lira TRYTOM=D3 traded at 33.5800 against the U.S. dollar at 0227 GMT, firming slightly from a close of 33.5995 on Tuesday. The main BIST 100 share index .XU100 closed 0.12% lower at 9,881.23 points on Tuesday.
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Turkish brewer says no word on AB InBev deal after Russian paper says it was rejected

Turkish brewer says no word on AB InBev deal after Russian paper says it was rejected LONDON, Aug 6 (Reuters) - Turkish brewer Anadolu Efes AEFES.IS said on Tuesday it had not received a response from Russian regulators on its bid to buy partner Anheuser-Busch InBev ABI.BR out of a joint venture in Russia, after a media report said the deal had been rejected.
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds HSBC, Danone, Hugo Boss, updates Yandex Aug 6 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Cap
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Arkema, Man Group, Shell

EUROPE RESEARCH ROUNDUP- Arkema, Man Group, Shell Aug 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Arkema, Man Group and Shell, on Friday. HIGHLIGHTS * Arkema SA AKE.PA : HSBC raises target price to EUR 105 from EUR 103 * Berkeley Group BKGH.L : Jefferies raises target price to 4,936p from 4,834p * Diageo Plc DGE.L : Morgan Stanley cuts target price to 2200p from 2380p * Man Group Plc EMG.L : Peel Hunt cuts to add from buy * Sh
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Syarat

Aset Popular

Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.

Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.

Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.

Amaran Risiko: Modal anda dalam risiko. Produk yang berleveraj mungkin tidak sesuai untuk semua individu. Sila pertimbangkan Pendedahan Risiko kami.