Coincidence?
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 28pc stake in SAB Miller - has just pulled out of a Bank of America Merrill Lynch industry 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!
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 28pc stake in SAB Miller - has just pulled out of a Bank of America Merrill Lynch industry 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!