The week in drinks

The week in drinks

The top ten stories published on just-drinks this week:

AUS: Foster's Group shares spike on SABMiller bid report

Shares in Foster's Group rose by nearly 8% following a report that SABMiller is eyeing a possible GBP7bn (US$10.9bn) bid for the Australian firm's beer arm, Carlton & United Breweries.

NZ: New Zealand Government to tighten alcohol laws

New Zealand's Government has said it will raise the minimum age for buying alcohol in the country's off-trade to 20 from 18, as part of a crackdown on drinks sales.

UK: Diageo drops Guinness as rugby title sponsor

Diageo has confirmed that it has terminated its partnership with Premier Rugby to sponsor the Guinness Premiership rugby competition in England.

just On Call - Recession hangover hits Australian beer - Foster's Group

The head of Foster's Group's Australian beer arm, Carlton & United Breweries, has said that tough conditions in the the country's beer market are set to continue.

NETHERLANDS: Cost savings boost Heineken H1 profits

Heineken has reported a strong rise in half-year profits as cost controls across its business offset weak beer sales in Europe and North America.

NETHERLANDS: Efes Breweries International springs Russia beer sales surprise

Efes Breweries International has bucked a decline on Russia's beer market by reporting a strong increase in sales in the first half of 2010.

JAPAN/AUS: Asahi Breweries to acquire P&N Beverages

Japan's Asahi Breweries is to follow-up its takeover of Schweppes in Australia by acquiring the country's third largest soft drinks group, P&N Beverages, for AUD364m (US$323m).

just On Call - Emerging markets hold key to Diageo sales

Diageo plans to push further into Africa's beer market and invest more in emerging markets in Asia and Latin America as consumer demand for alcoholic drinks in Europe and North America continues to falter. 

FRANCE: Premium Cognac leads sales rebound - figures

Cognac volume sales increased by 11% in the year to the end of July, with resurgent growth led by high-end varieties, according to the trade body Bureau National Interprofessionnel Cognac (BNIC).

JAPAN: Kirin Holdings to buy Mercian Corp

Kirin Holdings has said that will take full control of its wine and spirits subsidiary, Mercian Corporation, following irregularities in the division's accounts.