date:May 23, 2014
The maker of Peroni and Grolsch lager is cutting excess flab from its business.
SABMiller Plc said today it plans to save about $500 million a year by 2018 as the worlds second-biggest brewer brings more purchasing under one roof and functions such as finance and human resources are also centralised.
The shares rose as much as 4.8% in London after the announcement and the release of earnings that met analyst estimates.
Overall, we regard todays announcement as reassuring, Jonathan Fyfe, an an