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Food and drink M&A activity hits five-year high

February 12, 2016

Mergers and acquisitions (M&A) activity in the food and drink sector reached a five-year peak in 2015 – even when stripping out the ‘mega-deal’ takeover of SABMiller by AB InBev – a report by legal firm Grant Thornton has found. > Read the full article..

Total CEO sees oil price rising at end of 2016

February 12, 2016

(MarketWatch) – The oil price will likely be higher at the end of this year as an increase in demand will reduce the current production over-capacity, Total SA’s Chief Executive Patrick Pouyanné said on Thursday. Oil demand’s elasticity to price means consumption will rise this..

UK to offer more flexible North Sea oil and gas licences

February 12, 2016

(Reuters) – Britain will offer more flexible North Sea oil and gas licences in its next tender round, the head of Britain’s oil regulator said on Thursday, a bid to make exploration work in the mature basin more attractive to oil and gas companies. “We..

Asahi offers to buy Peroni, Grolsch beers from AB Inbev

February 12, 2016

(Associated Press) – Budweiser-maker AB InBev has received a binding offer of 2.55 billion euros ($2.85 billion) for the European beer brands Grolsch, Peroni and Meantime — a sale that is meant to address regulatory concerns about its mega merger with SABMiller. The offer by..