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SAB Miller has announced new investments in Africa and Peru as it reported a 3% increase in half-year lager volumes. The brewer said it planned to invest $260m in increasing capacity at its subsidiaries in Uganda, Ghana, Zambia and Tanzania on the back of a 23% increase in half-year profits in its African operations.
Inflation slowed in October, according to the latest government figures. The Office for National Statistics today said its Retail Price Index measured inflation at 5.4% in October, marking a slight easing from the 5.6% rate seen the month before.
Asda is gearing up for a relaunch of its budget own-label range Smart Price.
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