Foster's has rejected a takeover bid from SABMiller. Foster's Group said that it received an "unsolicited, incomplete, non-binding and conditional proposal" from SABMiller to acquire all of the shares in Foster's via a scheme of arrangement at a price of $4.90 per share in cash.

An attempt by AB InBev  to register the Budweiser trademark  as a Community Trade Mark within the EU has been rejected by the European Court of Justice.

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Danil Nevsky and Laura Grassulini

Is the golden era of cocktail competitions over?

Danil Nevsky and Laura Grassulini discuss the current landscape of cocktail competitions – and what comes next

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