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July 1 (Reuters) - Botswana and De Beers Group have agreed a new diamond sales deal in which the African country, the world's No. 1 diamond producer by value, gradually increases the share of rough stones it gets from their joint venture Debswana over the next decade to 50%, the government and the mining company said on Saturday. The Botswana government and De Beers said they had agreed on a 10-year sales deal for Debswana's rough diamond production through to 2033, and on a 25-year Debswana mining licence valid until 2054. The Botswana-De Beers agreement allows the partners to advance the investment required to secure Debswana's position as one of the world's leading gem producers, De Beers said. Botswana, where De Beers has been present for 50 years, is heavily reliant on diamonds, with two-thirds of its foreign currency receipts coming from mining, sales and ancillary activities linked to the precious stone.

Persons: De Beers, Debswana, Mokgweetsi Masisi, weren't, Felix Njini, Promit Mukherjee, Nelson Banya, Leslie Adler, David Holmes Organizations: De Beers Group, Okavango, Thomson Locations: Botswana, Debswana, pula, Nairobi, Harare, Nilutpal

☆ Botswana, De Beers agree 'in principle' to new diamond sales deal
▼ + stars: | 2023-07-01 | by ( Brian Benza | ) www.reuters.com time to read: +2 min

An interim sales agreement is in place until the new pact is finalised, the two partners said in a statement. "The transformational new agreements between Botswana and De Beers reflect the aspirations of the people of Botswana, propels both Botswana and De Beers forward, and underpins the future of their Debswana joint venture through long-term investment," the statement said. Botswana, the world's second largest diamond producer after Russia by output, supplies 70% of De Beers' rough diamonds. Diamond sales, almost entirely from Debswana, account for two-thirds of Botswana's foreign currency receipts and a fifth of its gross domestic product. Debswana's diamond sales hit a record $4.6 billion last year, compared to $3.5 billion in 2021.

Persons: De Beers, Lefoko Moagi, Debswana, De, Okavango Diamond, Mokgweetsi Masisi, Masisi, Felix Njini, Nelson Banya, Edwina Gibbs Organizations: Botswana Mines, De Beers, De, HB Antwerp, Thomson Locations: Botswana, Russia, Nairobi, Harare, Nilutpal

☆ Cheaper Than Water? Retailers Try to Unload Bud Light.
▼ + stars: | 2023-06-29 | by ( Julie Creswell | ) www.nytimes.com time to read: +1 min

With the summer sales season well underway — the four months between May and August make up as much as 40 percent of annual beer sales — the question swirling around Bud Light is whether the slump is temporary or the new normal. “Here we are about 10 weeks into it, and we’re still seeing double-digit declines in volumes nationally,” said Bump Williams, who runs the consulting firm that bears his name. A third of distributors believe the impact on Bud Light will be permanent. When asked how long he thought the sales declines would linger, Mr. Wagner shrugged. “I’ve seen longtime Bud Light customers trying other beers,” he said.

Persons: Light, we’re, ”, Bump Williams, Bud, Wagner, Busch, Glenn Miller’s, Wagner shrugged, “ I’ve Organizations: Anheuser, Busch, Molson Coors, Wall, Jefferies, Bud Light

☆ Can You Mix Booze and Exercise?
▼ + stars: | 2023-06-28 | by ( Danielle Friedman | ) www.nytimes.com time to read: +1 min

You’re at brunch with friends, and mimosas are on the house. You’re tempted, but you also want to go for a run later. Despite the popularity of boozy athletic events like Craft Brew Races and Bikes and Beers, exercise physiologists and nutrition experts strongly discourage drinking alcohol before, during or after exercise. “It’s like trying to do that workout uphill.”Few rigorous clinical trials have studied the effects of alcohol on workouts, said Jennifer Sacheck-Ward, the chair of the exercise and nutrition science department at George Washington University. Still, the research that does exist indicates that mixing the two can counteract many of the health benefits of exercise — or even leave you worse off than if you didn’t exercise in the first place.

Persons: You’re, ”, Amy Stephens, “, Jennifer Sacheck Organizations: New York, George Washington University, Still Locations: New

☆ Anheuser-Busch hopes new ads will change the Bud Light conversation
▼ + stars: | 2023-06-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Distributors are also facing financial difficulty because of a sharp decrease in Bud Light sales. Two marketing executives, Alissa Heinerscheid of Bud Light and Daniel Blake of A-B, have taken leaves of absences. In May, Mexican lager Modelo Especial dethroned Bud Light as America’s top-selling beer, a title that Bud had largely held for more than two decades. Bud Light sales plunged 24% during the four weeks ending June 3, according to NIQ data provided to consulting firm Bump Williams. Bud Light, however, remains the country’s top-selling beer so far this year.

Persons: Bud Light, “, influencer Dylan Mulvaney, Mulvaney, Brendan Whitworth, Alissa, Daniel Blake of, ”, Whitworth, Marcel Marcondes, ” Marcondes, Bud, Bump Williams Organizations: New, New York CNN, Anheuser, Distributors, Bud Light, Beer Business, Busch, Bud, NFL, Human, Cannes Lions International, Modelo Especial Locations: New York, Houston, Jonesboro , Arkansas

☆ Offices are turning into amenity-filled campuses to entice employees back to work
▼ + stars: | 2023-06-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Businesses are stuck with trillions of dollars of commercial real estate they need to use. But supply and demand are starting to even out: National demand for office space in May was up 13% from April. But are corporations downsizing the amount of office space they rent as they permanently shift some roles to work from home? Have you seen a shift in the commercial real estate market since the collapse of Silicon Valley Bank and Signature Bank in March? The commercial real estate market is largely a regional business, landlords are local.

Persons: That’s, Bell, Nick Romito, It’s, We’ve, hasn’t, Chris Isidore, Ella Nilsen, Ian, ’ We’ve, Anna Cooban, Greene King, Shepherd Neame, ” Organizations: CNN Business, Bell, New York CNN, US Treasury Department, Federal Reserve, Securities and Exchange Commission, CBRE, Estate Services, Covid, Silicon Valley Bank, Signature Bank, Farm, Allstate, State, Brewers, CNN, Heineken Locations: New York, United States, Silicon, Florida, California, California , Florida, Louisiana, United Kingdom

☆ As German Anxieties About Future Rise, Far Right Party Profits
▼ + stars: | 2023-06-20 | by ( Erika Solomon | ) www.nytimes.com time to read: +1 min

But the die-hards worry Germany’s political leadership less than people like Ina Radzheit. An insurance agent in a flowered blouse, she squeezed in among platters of schnitzel and frothy beers for her first visit to the AfD, the German initials by which the party is known. She is exasperated by government squabbling over climate plans she fears will cost citizens like her their modest but comfortable way of life. “I can’t say now if I would ever vote for the AfD,” she said. “But I am listening.”As anxieties over Germany’s future rise, so too, it seems, does the AfD.

Persons: Ina Radzheit, “, ” Locations: Germany, German, Ukraine

☆ British brewers reduce alcohol in beers as inflation bites
▼ + stars: | 2023-06-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

Since, under UK law, brewers pay less tax on drinks with a lower alcohol content, the newspaper claimed that the companies had pocketed this saving rather than passing it onto customers through lower prices. Brewer Greene King has cut the alcohol content of its Old Speckled Hen pale ale to 4.8% from 5%. In January, Dutch brewer Heineken lowered the ABV content of Foster’s larger — which it sells in the UK — to 3.7% from 4%. Consumer price inflation in the UK remains stubbornly high, reaching 8.7% in April. Inflation has fallen back in recent months, but still clocks in higher than in any other country in the Group of Seven.

Persons: ” Greene King, Greene King, Shepherd Neame, Brewer Greene King, Chris Ratcliffe, Emma McClarkin, ” McClarkin, Mark Carney, Brexit, ”, Carney, revel, “ Organizations: London CNN — Brewers, CNN, Sunday, Bloomberg, Heineken, Beer and Pub Association, “ Brewers, Seven, Former Bank of England, Daily Telegraph Locations: United Kingdom, what’s

☆ While fights rage over big brands like Bud Light and Target, other companies have stepped back and are quietly improving LGBTQ+ representation from the inside
▼ + stars: | 2023-06-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Big brands from Bud Light to Disney to Starbucks have recently been entangled in the culture wars. Their involvement in LGBTQ+ representation has made waves among advocates and conservatives alike. But more big companies are quietly working behind the scenes to boost LGBTQ+ representation. Among these same big companies, the number of LGBTQ+ board members rose to 39 from 26 last year. The fracas has now pushed Bud Light from atop the list of best-selling beers in the US.

Persons: Bud Light, —, Garth Brooks, Paul Washington, Washington, they've, Roe, Brian Bueno, Dylan Mulvaney, Sarah Kate Ellis, Ellis, Bueno Organizations: Starbucks, Service, Disney, Adidas, LA Dodgers, Fortune, Nasdaq, Leadership, Companies, ESG, Board, Supreme, Farient Advisors, Global Governance, Group, GLAAD, Nike Locations: Americana, Wade, America

☆ Anheuser-Busch is writing checks to distributors as Bud Light sales sink
▼ + stars: | 2023-06-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Bud Light’s parent company Anheuser-Busch has laid out a plan to appease beer distributors affected by two months of plunging sales sparked by an ongoing customer boycott. The company plans to provide financial assistance to its wholesalers, reimburse fuel for distributors’ trucks and launch a new ad campaign for Bud Light next week, A-B CEO Brendan Whitworth wrote in a letter Thursday. Damage was so severe that Bud Light, which is typically the top-selling beer in the United States, lost its place for May to Modelo Especial. A-B is providing financial support based on the extent to which sales have fallen, according to Beer Business Daily, an influential beer trade newsletter. Some distributors will get between 20 cents to 50 cents back per case depending on how severe sales slipped, Beer Business Daily said.

Persons: Bud Light’s, Bud Light, Brendan Whitworth, “, ” Whitworth, Bud, influencer Dylan Mulvaney, they’ve, ” Organizations: New, New York CNN, Anheuser, Busch, Modelo Especial, Beer Business, Beer Business Daily, CNN Locations: New York, United States

June 14 (Reuters) - Anheuser-Busch InBev's (ABI.BR) Bud Light has lost its top spot in the U.S. beer market to Constellation Brands' (STZ.N) Modelo Especial, following a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Cans of AB InBev's Bud Light hard seltzer are displayed in a fridge in Jewel-Osco supermarket in Chicago, Illinois, U.S. October 21, 2020. REUTERS/Richa NaiduConstellation's Modelo Especial was the top-selling beer brand in the United States with an 8.4% share of overall beer sales through retail stores for the period ending June 3, data from Bump Williams showed. Bud Light came in second with a 7.3% share. AB InBev's overall sales growth declined 12% in the four weeks ended May 20, data from NielsenIQ and TD Cowen showed.

Persons: Busch, Bud Light, influencer Dylan Mulvaney ., Bump Williams, Michel Doukeris, Bud Light's, Dylan Mulvaney, Miller, Jon Reynolds, Bud, seltzer, Richa Naidu, TD Cowen, Cowen, Vivien Azer, Ananya Mariam Rajesh, Anil D'Silva Organizations: Anheuser, Constellation Brands, Modelo, Budweiser, Modelo Especial, InBev, Conservative, Target, Molson Coors, University of Vermont, REUTERS, Euromonitor International, Reuters, Thomson Locations: U.S, NielsenIQ, Chicago , Illinois, United States, Bengaluru

☆ Bud Light loses its title as America’s top-selling beer
▼ + stars: | 2023-06-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —America’s top-selling beer is no longer American. Modelo Especial, the Mexican lager brewed near Mexico City by Constellation Brands, became the top-selling beer in May, overthrowing Bud Light from the top spot it has held for more than two decades. The fall from the top further highlighted how much trouble the Anheuser-Busch brand is in following transgender influencer Dylan Mulvaney’s Instagram post showing off a customized Bud Light can. Dollar sales were equally grim for Bud Light during that period, with sales falling 24.4%, while Modelo’s grew 12.2%. Modelo Especial overtook Bud Light sales in May.

Persons: New York CNN —, Bud Light, influencer Dylan Mulvaney’s, Bump Williams, ” Williams, Justin Sullivan, Williams, Greg Gallagher, ”, BUD, Bud Organizations: New, New York CNN, New York CNN — America’s, Modelo Especial, Constellation Brands, Anheuser, Busch, Modelo, “, CNN, Modelo Oro, Bud Light, Cinco de Mayo, Mulvaney Locations: New York, Mexico City, Cinco de, Belgium

Overall U.S. beer sales grew 1.8% in the 12 weeks ended May 20, according to data from research firms NielsenIQ and TD Cowen. Sam Adams maker Boston Beer, the largest craft beer maker, saw its market share slip last year. Bud Light and Coors Light, popular premium light beers, average about $7.40 for a 12-ounce six-pack, while Boston Beer's Sam Adams costs between $10 to $12. "The American consumer likes light beer," Molson Coors CEO Gavin Hattersley said at a conference in early June. "I think dynamics within the subsegment might change, but the overall consumption of light beer is not going to change materially."

Persons: Beer, Neil Reid, TD Cowen, Vivien Azer, Sam Adams, Boston Beer, Bud Light, Jon Reynolds, Reid, influencer Dylan Mulvaney, Michel Doukeris, Gavin Hattersley, Ananya Mariam Rajesh, Anil D'Silva Organizations: Anheuser, Busch InBev, Molson Coors Beverage, University of Toledo, Refinitiv, Molson Coors, InBev, Boston Beer Co, Reuters Graphics, Boston, Constellation Brands, Modelo, Reuters, Brewery, Miller, University of Vermont . Giants, AB InBev, Thomson Locations: United States, NielsenIQ, Corona, American, Bengaluru

☆ Gen Z is drinking less. That's bad news for concert venues that depend on alcohol sales for profits.
▼ + stars: | 2023-06-10 | by ( Brad Davis | ) www.businessinsider.com time to read: +4 min

That's worrying concert venues that depend on alcohol sales for their profits, Billboard reported. "Bar sales are important for every music venue, but especially for smaller ones," a talent agent told the magazine. That's because alcohol sales help keep the lights on at clubs around the country. David Slutes, who runs a venue called Club Congress in Tuscon, Arizona, said that he'd noticed alcohol sales had dropped up to 25% when booking shows for a Gen Z-focused crowd. Some venues told the magazine they're experimenting with renting out their facilities for more private events to make up for lost revenue.

Persons: Z'ers, —, it's, Evan Johnson, Daydream, David Slutes, he'd, Z, Dayna Frank, Nielsen Organizations: Gallup, Billboard, Service, Daydream State, Nielsen Locations: Seattle, Tuscon , Arizona

☆ Why there's a white plastic ball in Guinness beer cans
▼ + stars: | 2023-06-06 | by ( Julia Calderone | ) www.businessinsider.com time to read: +4 min

The Guinness widget is a tiny, plastic ball inside beer cans. Once opened, the widget's nitrogenated beer squirts into the rest of the beer giving it a velvety texture. How the Guinness widget worksA widget is a hollow, spherical piece of food-grade plastic with a tiny hole in it, Guinness representatives told Insider over email. Nitrogen bubbles are smaller than CO2 bubbles, so the resulting head and taste is smoother and more delicate. That's where Guinness' widget comes into play, because of how it's able to slowly release nitrogen into the beer upon opening.

Persons: —, Guinness, Fergal Murray, Brewer, Forbes, Murphy's Stout Organizations: Service, Guinness, Popular Science, Breweries, Dublin City Brewing Co

☆ Netflix and Athletic Brewing launch 'The Witcher'-themed non-alcoholic beer
▼ + stars: | 2023-06-03 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +2 min

Athletic Brewing Company’s collaboration with Netflix will feature limited edition, co-branded nonalcoholic beers, the brewing company announced in a news release. Athletic Brewing Company's collaboration with Netflix features three limited-edition, co-branded non-alcoholic beers. Athletic Brewing CompanyThe booze-free beer might appeal to the one-third of Americans who reported trying to consume less alcohol, according to a recent survey. Nonalcoholic beer sales were up by 33% this year, the survey found. Athletic Brewing, launched in 2018, ferments its brews to be less than 0.5% alcohol by volume – the legal limit for US-brewed nonalcoholic beer, the company said in the release.

Persons: Netflix’s “, ”, Henry Cavill, Josh Simon, ” Simon, Geralt’s Organizations: CNN, US, Athletic Brewing, Netflix, Athletic Brewing’s Locations: Rivia

☆ This man is walking the UK coastline with his partner and baby
▼ + stars: | 2023-06-02 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +15 min

“We’re a tight knit little group.”Life-changing journeyChris Lewis met his partner, Kate Barron, while walking the UK coastline. Courtesy Chris Lewis and Kate Barron“So this lady just kind of wanders down all bubbly and chirpy,” he recalls. I never went home.”The couple, along with Jet, continued on, walking down the east coast of Scotland together, and then into England. According to Barron, Lewis tends to walk ahead on these occasions. Unsurprisingly, walking and camping with a baby has been a totally different experience for both of them.

Persons: CNN —, Christian Lewis, ”, Lewis, Caitlin, he’d, Kate Barron, Jet, Magnus, “ We’re, ” Lewis, Chris Lewis, Barron, Chris, “, ” Barron, Cliff, Kate Barron “, ‘ I’ve, ’, Kate, Lewis ’, ” They’ve, Jet’s, She’ll, they’ve, we’re, “ Magnus, who’ve, she’s, That’s, ” He’s, ” “ I’d, “ Kate, We’re, “ I’ve, I’m Organizations: CNN, CNN Travel, Jet, ”, British Army’s Parachute Regiment Locations: Wales, Llangennith, Swansea, Northern Ireland, Scotland, Scottish, Shetland, Covid, North, St Abbs, Afghanistan, London, Inverness, England, Yorkshire, Dorset, Gower, North Devon, Ssafa

☆ Constellation Brands vs. Molson Coors: Here's which beer maker is the clear winner to buy
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.

Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego

☆ TipRanks reveals the top 10 consumer goods sector analysts of the past decade
▼ + stars: | 2023-05-28 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

TipRanks recognized Wall Street's 10 best analysts in the consumer goods sector for identifying the best investment opportunities. TipRanks used its Experts Center tool to identify the pros with a high success rate, and analyzed each stock recommendation made by analysts in the consumer goods sector over the past decade. TipRanks' algorithms calculated the statistical significance of each rating, the analysts' overall success rate and the average return. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the consumer goods sector. Mark Astrachan - Stifel NicolausMark Astrachan has the 10th spot on the list, with a success rate of 65%.

☆ I moved to Wisconsin instead of New York City or San Francisco. I can afford to live in a big place with my boyfriend and our cats while still enjoying great sports and music.
▼ + stars: | 2023-05-20 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +7 min

Alex Akmal moved to Madison, Wisconsin, from Missoula, Montana, after graduating from college. What sold her on the city was a great job offer, its college town flair, and its affordability. It's a college town, and it's an awesome place. When I was finishing college, I decided wherever I end up, it needs to be a college town or have a major college in it. Madison, Wisconsin.

☆ Driving Lamborghini's new off-road supercar
▼ + stars: | 2023-05-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

I was driving a $380,000 Lamborghini Huracán Sterrato, and I couldn’t help laughing out loud. Lamborghini worked with Bridgestone to create tires using rubber similar to that on Lamborghini’s other performance tires, but with an off-road tread. The idea for it emerged while Lamborghini engineers and designers were having beers after a day driving off-road in a prototype of the Urus SUV. That was a lot of fun, they thought, but wouldn’t driving one of our all-wheel-drive supercars off-road be even better? Even those of us who can’t afford one should perhaps be glad the Lamborghini Huracán Sterrato exists.

☆ 2023 PGA Championship: Joel Dahmen gives golf fan $100 to buy beers after hitting him with errant ball
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —One golf fan has found an unusual way to bypass having to pay for beers at the PGA Championship this week – take a Joel Dahmen tee shot to the leg. When told each beer cost $17, Dahmen handed over $100 for some refreshments, McGuire said, with the tweet showing the duo posing for pictures with the bill. Shoutout to @Joel_Dahmen for hitting my calf with a tee shot today on hole #1! “I’m a middle of the road PGA Tour player,” Dahmen explained. 108 enjoyed a strong end to 2022 but has endured a tough start to the current season, missing the cut in four of his last seven PGA Tour appearances.

☆ New York’s Most Inventive Pizzas Are Cooked Up at Pop-Ups
▼ + stars: | 2023-05-09 | by ( Pete Wells | ) www.nytimes.com time to read: +2 min

For this we can thank the State Legislature, which passed a law last year allowing licensed vendors, including pop-ups, to sell food at breweries. Beer makers had been urging the change for years, said Ann Reilly, the executive director of the New York City Brewers Guild. In most of the state, the vendors are often food trucks stationed just outside the building. Follow New York Times Cooking on Instagram, Facebook, YouTube, TikTok and Pinterest. Get regular updates from New York Times Cooking, with recipe suggestions, cooking tips and shopping advice.

☆ Opinion: Vladimir Putin’s anxious time
▼ + stars: | 2023-05-07 | by ( Richard Galant | ) edition.cnn.com time to read: +15 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. He imagines a boy sitting “upon the high and giddy mast” of a ship tossed by wind and waves. “Uneasy lies the head that wears a crown,” concludes the king in Shakespeare’s play. Russia said that President Vladimir Putin was the intended target of a foiled Ukrainian drone attack on the Kremlin, an allegation Ukraine denied. The unfortunate monarch who was the last to own the original St. Edward’s Crown, King Charles I, was convicted of treason and beheaded on January 30, 1649.

☆ Budweiser maker's profit jumps as customers absorb higher prices
▼ + stars: | 2023-05-04 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

[1/3] Bottles of non-alcoholic beer and dishwasher soap are pictured at Anheuser-Busch InBev brewery in Leuven, Belgium November 25, 2019. The maker of Budweiser, Stella Artois and Corona repeated its 2023 forecast that core profit (EBITDA) would grow in line with its medium term outlook of between 4% and 8%, with revenue to grow ahead of EBITDA. He said AB InBev would invest more in Bud Light over the summer. First-quarter results of AB InBev's rivals Heineken and Carlsberg also showed consumer willingness to absorb higher prices. AB InBev's core profit rose by 13.6% on a like-for-like basis to $4.76 billion, compared with the 5.6% average increase expected in a company-compiled poll.

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