Takeover target United Malt has cut its first-half earnings guidance as more evidence emerges that beer drinkers are tightening their belts in response to inflation. The earnings downgrade comes as European suitor Malteries Soufflet continues to run its eye over the business after launching a near-$2 billion takeover bid last month. United Malt said on Thursday it expected first-half underlying earnings of
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Japanese brewer Kirin has agreed to buy Australian vitamins maker Blackmores for A$1.88bn ($1.24bn; £999.4m). The move comes as Kirin expands into healthcare in the face of shrinking beer sales in its home country and increasing regulation of alcohol. “The acquisition of Blackmores is highly complementary to our existing Health Science business,” it said. The deal also gives Blackmores an
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A Laois farmer is tapping into the backstory of his farm brewery to sell his beer throughout Europe. David Walsh-Kemmis, founder and managing director at Ballykilcavan Brewing Company, said that it is easier for them to sell beer into Milan and Paris than it is to Cork or Dublin. “The Irish beer market, particularly in the pubs, is so heavily
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