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| SABMiller sales boosted by Latin America and Africa | SABMiller sales boosted by Latin America and Africa |
| (35 minutes later) | |
| Brewing firm SABMiller, which is a bid target for rival Anheuser-Busch InBev, has reported a 2% rise in sales volumes for the three months to September. | Brewing firm SABMiller, which is a bid target for rival Anheuser-Busch InBev, has reported a 2% rise in sales volumes for the three months to September. |
| Growth in Latin American and African drinks volumes offset declines in North America and the Asia Pacific region. | Growth in Latin American and African drinks volumes offset declines in North America and the Asia Pacific region. |
| But reported revenues fell by 9% due to the depreciation of emerging market currencies against the US dollar. | But reported revenues fell by 9% due to the depreciation of emerging market currencies against the US dollar. |
| SABMiller, which makes Peroni and Grolsch, brought forward its update because of the takeover interest. | SABMiller, which makes Peroni and Grolsch, brought forward its update because of the takeover interest. |
| Shares in SABMiller fell more than 2% in early trading. | |
| The company is currently in an "offer period" as defined by the UK Takeover Code, after the world's largest brewer, Anheuser-Busch InBev, approached SABMiller in September about a possible takeover. | The company is currently in an "offer period" as defined by the UK Takeover Code, after the world's largest brewer, Anheuser-Busch InBev, approached SABMiller in September about a possible takeover. |
| If a deal goes through, the merged company would produce one third of the world's beer. | If a deal goes through, the merged company would produce one third of the world's beer. |