Brewers hit by flagging sales in China
Carlsberg’s volumes in China fell 6% in third quarter, leading to a drop in group volumes
Carlsberg’s volumes in China fell 6% in third quarter, leading to a drop in group volumes
Britain’s Competition and Markets Authority raises concerns deal may reduce competition in the UK market
Britvic Ireland owns Ballygowan water, the Club range of soft drinks, MiWadi and TK Lemonade among others
Two earlier bids from Danish brewer had been rejected by UK soft-drink maker as undervaluing the business
Kerry and Glanbia were both higher by the end of the day, adding 0.33 per cent and 0.16 per cent respectively
Carlsberg Group dropped 9.3% after Britvic rejected a revised, unsolicited €3.7 billion takeover bid from the brewer
Soft drinks maker says bid ‘significantly undervalues Britvic, and its current and future prospects’
Danish brewer says volumes also grew
Pan-European Stoxx 600 suffers third consecutive day of losses
Guinness 0.0 could eventually constitute 15% of Guinness sales, drinks group chief says
Brewer employed about 8,400 workers in Russia
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Beer volumes rose 5.2 per cent on an organic basis
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Move is likely to increase pressure on Danish rival Carlsberg
Ukrainian government raises pressure on western firms still doing business in Russia
Iseq overall index ends session down 1.4% as pan-European Stoxx 600 declines by 1.7%
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Brewer predicts profit will increase in 2022
Models company uses to predict sales are breaking down
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Danish brewer has cited higher costs and continued coronavirus restrictions
European sales also slip with supply issues a problem in UK market
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World’s third-biggest brewer says severe Covid-19 restrictions in Asia could hit sales
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