• AB InBev tries again with Asia IPO
    Reuters Videos

    AB InBev tries again with Asia IPO

    AB InBev wants to have another go at spinning off it Asian arm. The world's biggest brewer is planning a Hong Kong share sale worth up to 6.6 billion dollars. It would value the unit at between 45 and 50 billion dollars. If successful, it would be the world's second biggest flotation this year. Jan Craps is boss of the Asian unit. (SOUNDBITE) (English) JAN CRAPS, CEO OF BUDWEISER APAC, SAYING: "Theoretically of course it is possible that it does not go through. It's conditional to the right valuation and market conditions. But we are quite confident that investor interest is there." Success isn't guaranteed though. Back in July AB InBev tried to raise almost ten billion dollars selling the same unit. But that IPO was soon pulled. Reuters sources say investors thought the price too high. Now the new deal excludes AB InBev's Australian operations. They've been sold to Japan's Asahi. That leaves a business more focused on faster growing markets like China and Vietnam. If investors play ball, AB InBev will use the proceeds to pay down its massive debts. They hit more than 100 billion dollars following its purchase of rival SAB Miller in 2016.

  • Can Altria Battle Dwindling Cigarette Sales & Vaping Worries?
    Zacks

    Can Altria Battle Dwindling Cigarette Sales & Vaping Worries?

    Altria (MO) is reeling under regulatory pressures in the tobacco industry. However, higher pricing is likely to provide support.

  • Investing.com

    Stocks - U.S. Futures Rise as Trade Progress Monitored

    Investing.com - U.S. futures rose slightly on Friday, amid further tentative signs of detente between the U.S. and China on trade.

  • Cannabis 2.0: Aurora Cannabis Gears Up for Edibles Market
    Market Realist

    Cannabis 2.0: Aurora Cannabis Gears Up for Edibles Market

    Cannabis 2.0 legalization will take place in Canada next month. Cannabis players are gearing up to expand in the edibles market.

  • Altria Falls 3%
    Investing.com

    Altria Falls 3%

    Investing.com - Altria (NYSE:MO) fell by 3.13% to trade at $39.56 by 14:18 (18:18 GMT) on Thursday on the NYSE exchange.

  • Is Penn National Gaming (PENN) a Great Value Stock Right Now?
    Zacks

    Is Penn National Gaming (PENN) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Investing.com

    NewsBreak: FDA in Criminal Vaping Probe; 530 Sickened

    Investing.com - The U.S. Food and Drug Administration said Thursday its enforcement arm is involved in a criminal probe of e-cigarettes, The Washington Post reported.

  • Banks propel FTSE higher after flurry of central bank meetings
    Reuters

    Banks propel FTSE higher after flurry of central bank meetings

    The FTSE 100 index ended 0.6% higher and the mid-cap FTSE 250 index rose 0.2%, with the financial sector boosting both the indexes. Central banks around the world have been loosening monetary policy to stem a slowdown in economic growth. CMC Markets analyst Michael Hewson said the Fed's signal to hold back on further cuts was probably not priced in.

  • Diageo keeps organic sales forecast, says not immune to trade policy changes
    Reuters

    Diageo keeps organic sales forecast, says not immune to trade policy changes

    The Johnnie Walker whisky and Tanqueray gin maker said it continues to expect organic net sales growth to be towards the mid-point of a 4% to 6% range and organic operating profit to grow roughly one percentage point ahead of organic net sales. The company also said it expects first-half organic operating profit growth to be in-line with or slightly behind organic net sales growth, due to stronger prior year comparables. "We would not be immune from significant changes to global trade policy and continue to monitor this closely," Chief Executive Ivan Menezes said in a statement.

  • Investing.com

    StockBeat: Altria Shares Hit 52-Week Low After India Bans E-Cigarettes

    Investing.com - Shares of tobacco company Altria Group (NYSE:MO) set a new 52-week low of $40.82 Wednesday after India announced a ban on e-cigarettes as a global backlash against vaping gathers pace.

  • Reuters

    UPDATE 1-China's Henlius raises $410 million in Hong Kong IPO-sources

    Shanghai Henlius Biotech has raised $410 million after pricing its Hong Kong initial public offering at the bottom end of the indicative pricing range, two people with direct knowledge of the matter said on Wednesday. Trading of its shares is scheduled to start on Sept. 25.

  • India bans e-cigarettes as global backlash at vaping gathers pace
    Reuters

    India bans e-cigarettes as global backlash at vaping gathers pace

    India banned the sale of electronic cigarettes on Wednesday and warned of an "epidemic" among young people, in the latest and potentially biggest move globally against vaping over growing health concerns. It could dash the expansion plans of companies such as Juul Labs and Philip Morris International in the country. "These novel products come with attractive appearances and multiple flavours and their use has increased exponentially and acquired epidemic proportions in developed countries, especially among youth and children," India's health ministry said.

  • Altria (MO) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Altria (MO) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Altria (MO) closed at $41.31, marking a -0.24% move from the previous day.

  • Diageo averts strike with unions over pay at Scottish distilleries
    Reuters

    Diageo averts strike with unions over pay at Scottish distilleries

    The two-year deal includes a 3% pay increase in the first year and then a cost of living increase and a performance-based incentive bonus in the second year, the company said. More than 1,000 workers at Diageo's Scottish distilleries were set to go on strike, starting 2100 GMT on Tuesday. "The offer is a two-year commitment on pay and also sets out a time frame for the negotiation of a new collective agreement," GMB Scotland said http://bit.ly/2ZYXsJC.

  • Financial Times

    AB InBev cuts ambitions for second attempt at Asian business IPO

    Anheuser-Busch InBev has scaled back its ambitions for an initial public offering of its Asian business, with the world’s largest brewer planning to raise about half what it aimed for just two months ago. The company, whose portfolio includes Stella Artois, Budweiser and Becks, said on Tuesday that it would raise up to HK$37.9bn ($4.8bn) selling shares in Hong Kong next week in a move that would value its Asian business Budweiser APAC at as much as $50bn. The second attempt to sell a minority stake in the Asian business comes two months after AB InBev abandoned plans to raise almost $10bn as investors balked at the price.

  • AB InBev braves Hong Kong turmoil with second Asia IPO attempt
    Reuters

    AB InBev braves Hong Kong turmoil with second Asia IPO attempt

    Anheuser-Busch InBev NV will brave jittery Hong Kong markets in a second attempt to spin off its Asian business on Wednesday, aiming to raise up to $6.6 billion in what could be the world's second largest IPO this year. The brewing giant, which in July tried to raise up to $9.8 billion through an initial public offering (IPO) of Budweiser Brewing Company APAC Ltd, said on Tuesday it would offer 1.3 billion shares at between HK$27 and HK$30 ($3.45-$3.83) apiece. The flotation will be a test of investor appetite following anti-government protests that have roiled Hong Kong for nearly four months and have weighed on the stock market.

  • Investing.com

    Stocks - Kraft, Corning, Anheuser-Busch Fall Premarket

    Investing.com - Stocks in focus in premarket trading on Tuesday:

  • Philip Morris (PM) Dips More Than Broader Markets: What You Should Know
    Zacks

    Philip Morris (PM) Dips More Than Broader Markets: What You Should Know

    Philip Morris (PM) closed the most recent trading day at $72.60, moving -0.62% from the previous trading session.

  • Constellation Brands (STZ) Stock Moves -0.14%: What You Should Know
    Zacks

    Constellation Brands (STZ) Stock Moves -0.14%: What You Should Know

    In the latest trading session, Constellation Brands (STZ) closed at $203.78, marking a -0.14% move from the previous day.

  • The Zacks Analyst Blog Highlights: Anheuser-Busch, Tilray, Boston Beer, Constellation Brands and Aphria
    Zacks

    The Zacks Analyst Blog Highlights: Anheuser-Busch, Tilray, Boston Beer, Constellation Brands and Aphria

    The Zacks Analyst Blog Highlights: Anheuser-Busch, Tilray, Boston Beer, Constellation Brands and Aphria

  • Here's Why Investors Should Steer Clear of Red Rock Resorts
    Zacks

    Here's Why Investors Should Steer Clear of Red Rock Resorts

    Red Rock Resorts' (RRR) bottom-line performance disappoints investors over the past two quarters. The company's price trend in the past six months is also worrisome.

  • The Zacks Analyst Blog Highlights: Anheuser-Busch, Fly Leasing, GW Pharmaceuticals, Nestl?? and Burberry
    Zacks

    The Zacks Analyst Blog Highlights: Anheuser-Busch, Fly Leasing, GW Pharmaceuticals, Nestl?? and Burberry

    The Zacks Analyst Blog Highlights: Anheuser-Busch, Fly Leasing, GW Pharmaceuticals, Nestl?? and Burberry

  • 4 Stocks to Ride on the CBD-Infused Beverage Trend
    Zacks

    4 Stocks to Ride on the CBD-Infused Beverage Trend

    CBD-infused drinks are gaining fast popularity among all age groups, thanks to its many health benefits.

  • Implied Volatility Surging for Altria (MO) Stock Options
    Zacks

    Implied Volatility Surging for Altria (MO) Stock Options

    Investors need to pay close attention to Altria (MO) stock based on the movements in the options market lately.