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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CONSUMER STAPLES
- Noting an escalation last week in the strike rhetoric at Anheuser-Busch InBev’s US plants.
- “The halting of beer production at Anheuser-Busch’s U.S. breweries appears imminent and unavoidable” - Teamsters General President Sean M. O’Brien (01 Feb)
- The union is demanding job security commitments, with a strike authorized by 99% of Teamsters at 12 breweries if a satisfactory five-year deal is not reached by 29 Feb.
- This comes after AB InBev reduced their US Sales team headcount in January (numbers not disclosed) and after the company last year announced plans to cut it’s US workforce by 2% (~350 jobs).
- Certain AB InBev EUR lines have underperformed peers since end-Jan with the ABIBB EUR 26s widening close to 20bps vs. Diageo 26s as per the below chart.
- AB InBev reports on 29 Feb.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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