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South Wales Argus
01-07-2025
- Business
- South Wales Argus
Ambassador visits Newport and Magor in trade roadshow
Anne Sherriff, the UK's ambassador to Belgium, visited south Wales on June 30 as part of a new roadshow led by foreign secretary David Lammy. The roadshow aims to strengthen economic ties and drive growth across the UK by connecting regions with overseas markets. Mr Lammy said: "Wales has a strong connection to Belgium but there's so much more we can do to boost trade and investment. "I am sending my Ambassador to work directly with local businesses to build connections so they can harness their expertise and effectively champion the interests of Wales most effectively. "This nationwide roadshow is one of the ways I am ensuring the economic interests of British businesses sit at the heart of our foreign policy as we deliver on our Plan for Change." Ambassador Sherriff met with Andrew Gwatkin, the Welsh Government's director for international relations and trade, in Cardiff before touring CSA Catapult's headquarters in Newport. The visit also included a stop at AB InBev's brewery in Magor. Ms Sherriff said: "It's exciting to be in south Wales as part of this first-of-its-kind roadshow – going the extra mile to develop relationships that will help us supercharge growth to every corner of the UK. "We're hitting the road to speak directly to community leaders and businesses, so that not a single opportunity is missed to generate trade and investment wins overseas. "I am looking forward to building on today's roadshow discussions to showcase Wales on the international stage." The Magor brewery is AB InBev's largest in the UK and produces leading brands such as Budweiser and Stella Artois. The ambassador's visit aims to strengthen an already significant trade relationship. Total trade between the UK and Belgium reached £60.7 billion in 2024, with Belgian investment stock in the UK close to £50 billion. Several Welsh businesses benefit from this relationship. Belgian companies such as Syensqo in Wrexham, What's Cooking in Deeside, and United Petfoods in Llangadog all operate in Wales, supporting jobs and growth in the region.
Yahoo
25-06-2025
- Business
- Yahoo
Trump's metal tariffs drive up packaging costs
The doubling of US steel and aluminium import duties to 50% under President Trump is significantly increasing costs for metal packaging across food and beverage industries. Reuters reports that cans are now more expensive, prompting companies to consider switching materials amid uncertainty over tariffs. US firm Pacific Coast Producers, which supplies canned fruit and tomatoes, says the cost of specialty steel has risen by about 6%, leading to an estimated $40 million extra expense next year. With tariffs rising from 25% to 50% on 4 June 2025, can prices may increase by as much as 24% by next spring. Retailers and consumers could face food price increases in the range of 9–15% on canned goods, according to industry estimates. Faced with higher can costs, some producers are reviewing options like aseptic cartons (such as Tetra Pak), foil pouches, glass bottles or plastic. However, alternatives bring challenges: glass is heavier to ship, pouches require new production lines and materials like plastic carry different logistical limitations. Major brands—such as Coca‑Cola and PepsiCo—are able to shift more easily thanks to diverse packaging strategies. Aluminium-heavy segments, especially beer producers, may struggle more. Around 64% of US beer sales in 2023 were in cans and many breweries have already invested heavily in canning lines. However, recycled aluminium (about 71% of content) is not subject to tariffs, which somewhat buffers the impact for large brewers like AB InBev. Packaging firms remain cautious. The cost of switching materials and revising supply chains is significant, and changes in tariff policy could occur rapidly. European metal and packaging groups are also considering counter‑measures, such as restricting scrap exports, in response to the US policy. With tariffs now subject to legal review and potentially staying in place during appeals, companies face more uncertainty. For now, the packaging industry is bracing for higher metal costs and weighing long-term shifts in material use—though most remain wary of making irreversible investments amid policy volatility. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Trump's metal tariffs drive up packaging costs" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
23-06-2025
- Business
- Time of India
Hearing the gap: A Cannes Lions Innovation Special
The Cannes Lions International Festival of Creativity celebrates a broad range of creative achievements, from Grand Prix winners to significant silver and bronze honorees. As part of ' BE Extraordinary ,' a series with Harsh Kapadía, CCO, Grey India , we examine work meriting attention for its execution and outcomes. This segment specifically highlights the Innovation category, showcasing campaigns that present groundbreaking solutions, new methodologies, or advanced applications to deliver substantial and transformative effects for businesses and brands. Beer Retirement Account - Poker Beer (AB InBev), Monks / Bogotá In Bogotá, Colombia, Poker Beer, a brand under AB InBev, recognised a significant social and economic challenge faced by many informal beer sellers: a lack of adequate provisions for retirement. To address this, Poker, which already operated a loyalty program for its beer vendors, introduced an innovative initiative called "Beer Retirement Account." Developed in collaboration with Monks / Bogotá, this program fundamentally modified the existing loyalty structure. Under the new system, beer sellers were no longer limited to simply earning points for their beer purchases from distributors. Instead, their accumulated loyalty points could now be converted directly into contributions towards a personal retirement fund. This strategic B2B solution transformed a standard customer loyalty program into a powerful mechanism for fostering long-term financial security within the vendor community. By linking everyday business transactions to a vital social benefit, Poker Beer effectively addressed a critical need, demonstrating a creative approach to brand loyalty that extended into social impact. Baby Minder - Eurofarma, Ogilvy Health, New York "Baby Minder," an innovation in pediatric care, was developed by Eurofarma in collaboration with Ogilvy Health, New York. This product consists of a mobile device specifically designed to be positioned above an infant's crib. The device is equipped with a high-resolution camera and advanced sensors, and it leverages artificial intelligence (AI) and image recognition technology to continuously monitor a baby's movements throughout the night. The system's core functionality lies in its ability to recognise subtle, specific patterns of movement—such as repetitive scratching, unusual tremors, or other distinctive physical behaviors—that could serve as early indicators of underlying medical conditions or signs of distress. The primary objective of "Baby Minder" is to provide parents and caregivers with early recognition of potential health issues in infants. This proactive approach to infant health monitoring aims to facilitate timely intervention without generating undue anxiety for parents, thereby supporting a more preventative and informed care strategy. (At BE Extraordinary, a series about the winners at Cannes Lions in collaboration with Harsh Kapadia, CCO, Grey India, we peer outside the Grand Prix, and look at clutter breaking work that picked the silvers and the bronzes, but don't often get discussed.)
Yahoo
20-06-2025
- Business
- Yahoo
Russia again rejects Anadolu Efes proposal to buy out AB InBev from JV
Russian authorities have again declined Anadolu Efes' proposal to buy Anheuser-Busch InBev's (AB InBev) stake in their joint venture (JV). In a filing on Turkey's Central Securities Depository, Anadolu Efes said, 'pursuant to the notification made by the Russian regulatory authorities and considering the developments during the period, the relevant application has been rejected'. 'We are reviewing next steps with AB InBev,' it added. AB InBev and Anadolu Efes established AB InBev Efes in 2018. The JV combines both their Russian and Ukrainian businesses. The venture operates 11 breweries in Russia, producing beers under brands such as Klinskoe and Efes Pilsen. Following Russia's invasion of Ukraine, the Belgium-based brewer announced in April 2022 its intention to divest its stake in the joint venture and began negotiations with Anadolu Efes. In December 2023, AB InBev, known for Leffe, confirmed it would sell its 50% stake in the Russian joint venture to Anadolu Efes. However, Russian authorities blocked the transaction in August of the following year. Two months later, AB InBev and Anadolu Efes finalised a new agreement for the sale of its share in the Russian operations of their joint venture. In exchange, the Belgian brewer planned to acquire Anadolu Efes's stake in the Ukrainian side of the partnership. Moscow assumed control of the Russian segment of the joint venture in January. The Russian government transferred the local assets of AB InBev Efes to a group of companies called Vmeste under "temporary management", according to statements from both brewers at the time. In its first-quarter results for 2025, Anadolu Efes excluded its Russian beer operations from consolidated financials, classifying them as a 'financial investment' due to temporary external management. Announcing the results in May, Anadolu Efes CEO Onur Altürk said: 'Until we gain more clarity on the situation, the Russian operations will no longer be consolidated in our profit and loss statements. 'Our primary focus in Russia remains on navigating the current landscape with resilience, prioritising business continuity, and actively working to minimise potential disruptions.' While not audited or aligned with group results, key metrics were shared for context. The group's beer volumes in Russia rose 7.7% to 6.3 million hectolitres in the first quarter period, but net sales slipped 0.8% to Tl13.72bn ($345.7m) and gross profit dipped 1.2% to Tl5.91bn. EBITDA (BNRI) margin for the region fell 8% to Tl1.96bn, while EBIT (BNRI) jumped 68.4% to Tl2.46bn. Net income dropped by 78.9% to Tl389.9m. "Russia again rejects Anadolu Efes proposal to buy out AB InBev from JV " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
The Sun
11-06-2025
- Entertainment
- The Sun
Brooklyn Beckham locked in trademark war with Becks just weeks after family feud is laid bare
BROOKYLN Beckham has another row brewing with a Becks — but this time it's not his famous father. The eldest son of David and Victoria wants to expand his hot sauce brand so applied to trademark 'Becks Buns' in the US. 5 5 5 But the company that makes Beck's beer is set to challenge it. It comes after the Beckham family feud was blown open last month when Brooklyn, 26, missed all of David's 50th birthday celebrations. A source said: 'It's one thing after another for Brooklyn. "First his row with his dad blows up — and now he's got another Beck's looking like it's going to become a bit of a headache.' Brooklyn applied in January to use the name 'Becks Buns' within his Buster Hot Sauce Inc company. However, the beer's German parent firm Brauerei Beck & Co has opposed it and been granted an extension until next month to file documents. The company is part of alcohol giant AB InBev, which produces one in four lagers sold worldwide, including Stella Artois and Budweiser as well as Beck's. Brooklyn launched his first hot sauce, Cloud 23, last year and said: 'It's been a passion project of mine for the last 2½ years, something I've literally put everything into. I've never worked so hard on anything in my life.' His parents attended the launch event in LA. However, insiders said their relationship has ' never been more fractured '. Those close to Brooklyn — who is married to US actress Nicola Peltz, 30 — insist he made a private attempt to meet his dad ahead of his 50th. But that was vehemently denied by sources close to the former England captain. It was also claimed Nicola, who has been accused of 'controlling' her husband, had hired a PR guru. Those close to her believe she is being 'unfairly blamed' for the issues. KICK? NO HE'LL EDIT FOOTIE icon David Beckham is to guest edit Country Life mag in October. Editor-in-chief Mark Hedges said: 'David told me he reads every issue from cover to cover.' David, who lives in a £12million manor in Oxfordshire, said: 'I am really looking forward to working with the team to produce an issue that will celebrate the countryside.' Mr Hedges said the October edition will feature David's 'favourite view and his best-loved recipe'. 5
