just the round-up - The week in drinks
By just-drinks.com editorial team | 7 August 2009
The top ten stories published on just-drinks this week:
MillerCoors H1 results
Insight - Beer market to remain weak - MillerCoors
There is unlikely to be an upturn on the US beer market for the rest of 2009, according to MillerCoors, adding that it plans to raise beer prices in the autumn.
Molson Coors H1 results
Insight - Molson Coors confident on UK prospects
Molson Coors has hailed strong profits growth in the UK in 2009 and said that its business in the country has good prospects, despite a tough beer market.
Whyte & Mackay job losses
UK: Whyte & Mackay warns of job cuts
Whyte & Mackay has confirmed that it is likely to cut its workforce by almost 15%.
PepsiCo, PepsiAmericas, Pepsi Bottling Group
Update - PepsiCo deal for bottlers, aims for year end close
PepsiCo hopes to complete the US$7.8bn buyout of its major bottlers, PepsiAmericas and Pepsi Bottling Group, by the end of the year.
UK: SABMiller, Diageo court case opens
A London High Court hearing has opened on SABMiller's attempt to block Diageo from using its East African Breweries unit to buy a stake in a rival brewer.
Carlsberg H1 results
Insight - Carlsberg calms fears of Russia tax rise
Carlsberg has sought to calm concerns that Russia's Government is planning to plug a budget deficit by tripling excise tax on beer.
CEDC H1 results
Insight - CEDC warns of slow vodka turnaround, lines up Russian releases
Central European Distribution Corporation (CEDC) has warned that vodka volumes in its key market of Russia are not expected to pick up until the final quarter of this year.
Campari H2 results
Insight - Campari profits boosted by lower ad spend, expects H2 lift
Campari has seen first half profits boosted by lower spend on advertising and promotion, following a drop in media rates in several key markets.
Kirin Holdings
JAPAN: Kirin Holdings raises guidance despite profits slide
Kirin Holdings has raised its full-year net earnings guidance by 5%, despite an 82% slide in profits in the first half of 2009.
Alcohol pricing
Comment: Alcohol, pricing and teenage 'boredom'
Price rises on drinks are not the solution to preventing excess drinking by teenagers and young people in the UK, argues just-drinks' student journalist Becky Pile.
Sectors: Beer & cider, Soft drinks, Spirits, Water, Wine
Companies: Molson Coors, Whyte & Mackay, PepsiCo, SABMiller, Diageo, Carlsberg, PepsiAmericas, Pepsi Bottling, CEDC, Campari, Kirin
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