“We note, however, that the recent firmness of the Rand and Central European currencies, if sustained, will put additional upward pressure on our earnings estimates,” said Investec analyst Anthony Geard.
UK: Investec lifts rating on SABMiller
Investec Securities has raised its rating on the UK-based brewing combine, SABMiller, from "buy" to "strong buy", and said it expected the group to deliver "unexpectedly strong earnings growth" over the next three years.