FOSTER'S

Foster's serves up bottom of the barrel

News.com.au (Free subscription) | 08/26/2008

FOSTER'S has served up the dregs to investors, with its first profit drop in 16 years.

Write-down hits Foster’s profits

ziomal.biz (Free subscription) | 08/26/2008

Australian brewer and winemaker Foster's says profits have fallen 88% after it slashed the value of its wine assets.

Foster's fine whines

Financial Time (Free subscription) | 08/27/2008

Wine once looked the ideal complement to the amber nectar. With wine consumption increasing rapidly in developed markets, it looked savvy for Foster's to use its...

Foster's suffers headache from US wine sales

Financial Time (Free subscription) | 08/27/2008

Foster's, the Australian beer and wine group, yesterday reported a drop in full-year profits after further slashing the value of its global wine business by about...

Write-down hits Foster's profits

BBC News (Free subscription) | 08/26/2008

Australian brewer and winemaker Foster's says profits have fallen 88% after it slashed the value of its wine assets.

Fun with Foster's

City in the Trees (Free subscription) | 08/26/2008

Are you old enough -- are you Canadian enough -- to remember The Spoons' 1984 hit Romantic Traffic ? Well... I am. :)

Foster's profits down as wine business slows

Financial Time (Free subscription) | 08/26/2008

Foster's, the Australian beer and wine group, on Tuesday reported a drop in full year profits after slashing the value of its global wine business by about A$600m

Foster's profit slumps 88pc

News.com.au (Free subscription) | 08/26/2008

FOSTER'S Group has reported an 88.4 per cent fall in annual profit after booking writedowns on the value of its wine business, and says it expects the beer market to remain resilient in this year.

Foster's review may lead to acquisitions and sales

Decanter.com (Free subscription) | 08/26/2008

Drinks giant Foster's is considering buying, and selling, assets as part of a six-month review of its troubled wine business.

Foster's Californian wines weigh on profits

Financial Time (Free subscription) | 08/26/2008

Australia's largest brewer is coming under pressure from sliding sales at its Californian wine business

Australia's Foster's H2 profit falls on wine woes

Reuters (Free subscription) | 08/26/2008

MELBOURNE (Reuters) - Foster's Group Ltd , Australia's largest brewer, posted a 9.4 percent drop in second-half profit on Tuesday, pressured by sliding sales at its Californian wine business and a strong Australian dollar.

• Australia's Foster's H2 profit falls 9.2 percent - The Earth Times Online Newspaper
• Australia's Foster's H2 profit falls 9.2 percent - Boston Globe
• See the 8 articles on the same subject

Business bulletins: Pay deals, Gustav, Kerry Group, Credit Suisse, Foster’s and UTV

The Telegraph (Free subscription) | 08/27/2008

A quarter of all pay deals are now at or above 4.5pc, in the latest sign that high inflation is pushing up wages.

Foster's Wine Biz Not Coming Up Roses

Forbes (Free subscription) | 08/26/2008

... overall wine earnings by approximately 70 million Australian dollars ($60.0 million). In June, Foster's Group, one of the world’s largest winemakers, with core brands such as Beringer, Rosemount and Penfolds, cut its profit outlook as it began a review of the underperforming wine business. The firm said it would give no update on progress of its wine review, which is on track to report by...

Foster's drowns its wine sorrows

The Australian (Free subscription) | 08/26/2008

BREWING and wine major Foster's has posted a massive 88 per cent fall in annual profit, with the company taking a $603 million hit to the value of its global wine business while offering investors little assurance that things will improve this year.

Australia's Foster's H2 profit falls on wine woes

The Earth Times Online Newspaper (Free subscription) | 08/26/2008

MELBOURNE (Reuters) - Foster's Group Ltd , Australia's largest brewer, posted a 9.4 percent decline in second-half profit on Tuesday, pressured by sliding sales at its Californian wine business.