SABMiller PLC (SAB.L)
25 Nov 2014
|Market Cap (Mil.):||£56,104.10|
|Shares Outstanding (Mil.):||1,613.15|
(The following statement was released by the rating agency) LONDON/MOSCOW, November 18 (Fitch) Fitch Ratings has upgraded UK-based brewer SABMiller plc's (SABM) Long-term Issuer Default Rating (IDR) and senior unsecured rating to 'A-' from 'BBB+'. The Short-term IDR has been affirmed at 'F2'. The Outlook is Stable. In addition, the senior unsecured rating of debt issued by SABM's subsidiary, SABMiller Holdings Inc., has also been upgraded to 'A-' from 'BBB+'. The upgrade reflects the streng
(Adds quotes from SABMiller paragraphs 11-12, Oxfam CEO paragraphs 15-16)
LONDON, Nov 13 - Brewing giant SABMiller reported weaker-than-expected profit and a dip in margins for the first half of its fiscal year, citing poor weather in China and intensified competition among retailers in Australia.
LONDON, Nov 13 - Brewing giant SABMiller on Thursday reported a slight rise in first-half earnings, which were held back by the impact of a strong U.S. dollar.
Nov 6 - Molson Coors Brewing Co reported a lower-than-expected quarterly profit, hurt by a fall in beer sales in Canada and higher spending on marketing.
Nov 6 - MillerCoors LLC, the U.S. operations of Molson Coors Brewing Co and SABMiller, reported an 8 percent rise in quarterly net profit, helped by strong sales of its highest-priced brands.
* Chief executive Alan Clark has initiated a further realignment of responsibilities within group's executive committee
Editor: Malcolm Davidson +44 20 7542 6958
* Company cites poor summer weather in China (Adds comments, background, bullet points, changes headline)
LONDON, Oct 14 - SABMiller PLC, the world's second-biggest beer maker, reported a 5 percent rise in revenue for the first half of its financial year, as higher prices blunted the impact of slow sales volume growth.