Group items tagged

Brewing giant SABMiller has said that profits gained, driven by growth in emerging markets. Pre-tax profit in the six months to September rose 12% to $2.28bn (£1.4bn), the firm said. "We have recently seen moderation of economic growth in some countries," SABMiller said. In terms of earnings before tax and other costs, Europe fell 10% to $516m.

Brewing giant SABMiller has agreed to buy Foster's in a deal that values Australia's largest brewer at 9.9bn Australian dollars ($10.2bn; £6.5bn). Fosters had rejected SAB's previous bid worth A$9.5bn, saying it undervalued the company. However, the Foster's board said it would be recommending the latest offer to its shareholders.