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Foster’s shares climb as profit rises on wine and beer

Posted by admin | News | Posted on August 28th, 2007

The News Review:

- Foster’s shares climb as profit rises on wine and beer
- BULGARIA’S BEER THREATENS RMANIAN BREWERS
- Japan’s men shun autos–and beer
- The beer that lost its head
- THE BEER NUT: Great Divide conquers
- SUNDING FF: No tears in the beer at new honky-tonk
- Sheffield’s Wine And Beer Garden

Foster’s shares climb as profit rises on wine and beer
International Herald Tribune – Aug 28, 2007
Foster's stock jumped 5. 3 percent after Australia's biggest brewer and winemaker posted earnings before one-time items of 325. 4 million Australian dollars or $269 million in the six months ended June 30 the company said. An easing glut in Australia and rising demand in the United States are enabling Foster's to revive wine earnings.

BULGARIA’S BEER THREATENS RMANIAN BREWERS
Sofia Echo – Aug 28, 2007
Importers also failed to pay the needed excise on beer Romanian press agency Rompres reported as quoted by Dnevnik daily. The result was a 12 per cent decrease of beer sales realised by small Romanian brewers in the first half of 2007. According to Romanian tax administration (ANAF) small brewers lost a total of 60 000 hectolitres of beer and the state lost 40 million leus (nearly 24 million leva). ANAF investigation showed that beer importers did not have the Romanian financial ministry’s approval to import Bulgarian beer. The problem came from the fact that Bulgarian beer has been sold at too low of prices which led to decreased sales of local production for the first half of 2007. The main Bulgarian beer exporters to Romania are Bolyarka Lomsko Pivo Ledenika and MM. Bulgarian brewers said that Romanian brewers’ reactions were normal since Bulgarian beer was of European quality and among the least expensive in the world after China.

Japan’s men shun autos–and beer
BusinessWeek – Aug 28, 2007
Monthly sales have fallen year-on-year for 25 months in row. Even Toyota is down 9. Nevertheless a new survey by the Nikkei Japan’s biggest business paper gives an interesting insight into why.

The beer that lost its head
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THE BEER NUT: Great Divide conquers
MetroWest Daily News – Aug 28, 2007
Yeti Hercules Titan ld Ruffian. Such tags lend themselves perfectly to the strong in-your-face beers the Colorado brewery produces. But what happens when the brewery goes out of its comfort zone? Samurai Ale and Hades Ale happen that’s what. Samurai a delicate blond ale is completely out of the norm while the Hades Ale a Belgian-style strong ale is the first Belgian-style that Great Divide has produced in years.

SUNDING FF: No tears in the beer at new honky-tonk
Las Vegas Review-Journal – Las Vegas Review – Journal – Aug 28, 2007
“Is that a mule or a jackass?” a blonde in barely-there jean shorts asked as she approached the creature apparently unaware that it was a horse. com%2F_tools%2Fseed%26save%3Fu%3Dhttp%3A%2F%2Fwww.

Sheffield’s Wine And Beer Garden
BeerAdvocate.com – Aug 28, 2007
5 | quality: 4 | service: 4 | selection: 4. 5 | food: 4 – $$rDev: +2. 1%Stopped in tonight for the expressed purpose of trying their new BBQ menu. Since it was Monday a full slab of ribs was a mere $12 with slaw and fries 3 sauce variety. variety but compared with traditional rib joints in Chicago it was just ok. Can’t complain those rib joints don’t offer 150 beers.