Brewers and spirits sellers are on the move today along with most global markets.
What to watch: The sector has been shifting more of its focus to emerging markets with North American and Europe seeing sluggish growth trends. In particular, aggressive moves from new brands are being made in Latin America and India.
Brewers in the U.K. are getting set to battle regulators over TV advertising after a single complaint about a commercial from an industry coalition group caused it to be pulled.
The 'Let There Be Beer' campaign aimed to "re-ignite" demand in the U.K. amid soft sales before hitting the snag. Anheuser-Busch InBev (BUD), Heineken (HINKY), SABMiller (SBMRF), Carlsberg (CABGY), and Molson Coors (TAP) are united on the issue.
Carlsberg (CABGY.PK): swings to Q4 net profit of 192M kroner ($34.4M) from a loss of DKK85M last year. Revenues +7.2% to 15.93B kroner, slightly above estimates. Expects market dynamics this year to be similar to 2012, when Western Europe in particular was challenging - sales fell 1%-2%. Will make its European ops more efficient while looking for growth in Asia. Shares -4.4% in Copenhagen. (PR)