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The Week: City News - Premier to retain brands

Premier Foods has denied that it is considering a sale of its key brands as it looks to lower a net debt of around £1.8 billion accumulated by its acquisitions of brands such as Hovis and Campbell Soup.

The World: Mexico - City Corona begins three-way creative contest

Corona beer has kick-started a pitch to consolidate its creative business in Asia-Pacific.

The Week: City news - InBev buys Anheuser-Busch

Anheuser-Busch, the Budweiser brewer, has accepted a raised takeover bid of $52 billion (£26 billion) from InBev, creating the world's largest brewer, Anheuser-Busch InBev.

The Week: City news - InBev makes Anheuser bid

InBev has tabled an offer to buy Anheuser-Busch for $46.3 billion, in a deal that could see Artois and Budweiser brought within the same company.

The Week: City News - Mars to acquire Wrigley

The confectionery giant Mars is to merge with the owner of Wrigley chewing gum, in a $23 billion deal.

The Week: City news - Pernod Ricard bags V&S

Pernod Ricard has bought the Vin & Spirit Group, the owner of Absolut Vodka, for EUR5.63 million from the Swedish government after a four-month auction that also included the Swedish private equity company EQT and Future Brands, which distributes Absolut in the US.

The Week: City news - Coca-Cola's 'videogame' ad to hit TV screens in the UK

Coca-Cola is set to debut its award-winning "videogame" ad on UK TV, capitalising on interest in the genre in the run-up the global launch of Grand Theft Auto IV on 29 April.

The Week: City news - Cadbury reports profits fall

Cadbury Schweppes has reported full-year pre-tax profits of £670 million, down from £738 million in 2006, and below analysts' expectations.

The Week: City news - S&N sold to beer-makers

Heineken and Carlsberg have bought Scottish & Newcastle for £7.8 billion.

The Week: City News - Heinz revenues up

HJ Heinz has reported a 9.1 per cent increase in revenues for the first quarter of 2007 to $2.25 billion (£1.12 billion) from $2.06 billion (£1.025 billion) last year. In Europe, sales increased by 12 per cent to $766 million and operating income increased by 16 per cent. The company spent 25 per cent...

 

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