Tuesday 15 September 2015


SAB Miller shares are sharply up this afternoon - almost 4pc at pixel time.

Some readers might be wondering why.

Well, from what I can tell tongues are wagging in the Square Mile amid rumours Altria - the US tobacco company that owns 26pc stake in SAB Miller, according to Bloomberg data - has just pulled out of a Bank of America Merrill Lynch conference.

The speculation about Altria comes swiftly after the chief financial officer of Anheuser-Busch Inbev, the rumoured bidder for SAB Miller, pulled out of a Barclays conference last week the day before it was supposed to take place.

So, I guess market speculators are...furiously speculating!


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