City News

Strong summer beer sales cheer drinks maker SAB

SABMiller said surging demand in emerging markets helped underlying net revenues lift 6% and sales by volume rise by 2% over the three months to the end of September

Peroni and Grolsch firm SABMiller toasted a strong summer for beer sales despite a "material" currency hit ahead of a potential blockbuster deal with the owner of Budweiser and Stella Artois to create a drinks giant worth more than £180 billion.