EU: Severe cold unlikely to have inflicted significant damage on crops

Severe cold across Europe in the past week is unlikely to have inflicted significant damage on wheat crops that had built up winter sturdiness and were often insulated by snow, ...
Gepubliceerd 14/02/2021 Meer

Thailand & Singapore: Analysts divided on recommendations following ThaiBev’s mixed results for Q1

Analysts are divided on their recommendation for Thai Beverage (ThaiBev) following the beverage manufacturer’s mixed set of results for 1QFY2021 ended Dec 31 and the IPO plan of its beer ...
Gepubliceerd 14/02/2021 Meer

The Philippines: Tax court denies San Miguel Corp. refund of P3.8 mln excise taxes paid in 2015

The Court of Tax Appeals (CTA) thumbed down the appeal of San Miguel Corp. (SMC) for a review of the court’s decision to deny the company’s claim for a refund ...
Gepubliceerd 14/02/2021 Meer

South Korea: HiteJinro sees operating profit fall 27% y-y in 4Q20

HiteJinro’s consolidated operating profit fell 27% y-y in 4Q20, missing consensus. Its soju and beer sales declined amid stricter social distancing measures, and profitability was dampened by the booking of ...
Gepubliceerd 14/02/2021 Meer

Japan: All four leading brewers report y-o-y falls in consolidated sales last year

All four major Japanese brewers have reported year-on-year falls in consolidated sales in the business year to December 2020, reflecting sluggish demand from business customers both at home and abroad ...
Gepubliceerd 14/02/2021 Meer

Japan: Asahi reports 3% revenue decrease for 2020

Asahi has reported a 3% revenue decrease, its full-year 2020 results showed, Checkout.ie reported on February 15. The Japanese beverage group said its core operating profit fell by 21% year on ...
Gepubliceerd 14/02/2021 Meer

UK: United Malt Group’s Baird’s Malt division to close one of its five malting plants in the UK

Australian-based maltster United Malt Group will close one of its five operations in the UK at Grantham, consolidating production at a second malt house in England at Witham and Arbroath ...
Gepubliceerd 14/02/2021 Meer

Japan: Japan Spirits & Liqueurs Makers Association announces sweeping new regulations for Japanese whisky

The Japan Spirits & Liqueurs Makers Association has announced a sweeping new set of industry-wide regulations aimed at curbing the spread of products labelled as ‘Japanese whisky’ that are sometimes ...
Gepubliceerd 14/02/2021 Meer

The Netherlands: No Carnival this year means brewers will lose millions of euros in lost revenue

Normally, beer brewing giants, such as Heineken, AB InBev and Swinkels, would be looking forward to this time of year with millions of euros in revenue expected during the Carnival ...
Gepubliceerd 14/02/2021 Meer

UK: Chivas Brothers calls for removal of tariffs on single malt Scotch exports to the US and a cut in spirits duty in next UK budget

The chairman and chief executive of Chivas Brothers, the Scotch whisky business of Pernod Ricard, used the firm's results call to call for the removal of tariffs on single malt ...
Gepubliceerd 14/02/2021 Meer