is gradually shifting out of beer after the $9.8 billion buyout of ASX-listed Coca-Cola Amatil.
“Our strategy is really on fire,” he said. “We’re actually outperforming the bigger players in the beer market,” he said. Beer makers face higher excise duties each February and August under a Federal government system where excise charges increase twice-yearly in line with the consumer price index, which itself has been rising faster than usual.
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ASX to fall; S&P 500 touches bear marketAustralian shares to open lower; Wall Street recovers from session lows; iron ore rallies on China policy optimism; $A slightly higher following election. Follow the latest here.
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