US/UK: Anheuser set to announce GP sponsorship
The announcement is expected to be made today. The deal is thought to be worth £50m (US$81.30m) over five years and will make Budweiser one of the Williams-BMW team's three major sponsors.
Budweiser also sponsors NBA basketball, Major League Baseball and NASCAR motor-racing in the US. Budweiser has also been the official beer of the FIFA World Cup since 1986.
The Formula One business has been looking for new sponsors after legislation in many of the country's where the races are run put restrictions on sponsorship by tobacco companies which have traditionally had strong links with the sport.
The announcement represents a considerable coup for Williams, as Anheuser had reportedly been considering teaming up with World Champions, Ferrari.
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The US brewer Anheuser-Busch said today that it had seen its earnings per share fall 3% in the first quarter of the year, compared to the same period last year as it was hit by difficult trading condi...
Patrick Stokes, president and chief executive officer of Anheuser-Busch Companies, has said that the company's board of directors has declared a regular quarterly dividend....
Berkshire Hathaway Inc., the holding company of billionaire Warren Buffett, has acquired a significant stake in Anheuser-Busch....
Anheuser-Busch has threatened to stop buying rice from Missouri if the state allows genetically modified, drug-making crops to grow within its borders....
China's largest brewer Tsingtao Brewery has reported a 16.4% jump in net profit for the year to Y285m, according to local reports....
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