Heineken reported a rise in H1 sales and volumes. Takes a closer look at the group's performance by region and brand:

After a strong first quarter, boosted by Easter timing and a strong Vietnamese and Chinese New Year, overall volume growth in the second quarter was more subdued. In Africa Middle East & Eastern Europe following growth in the first three months of the year, volumes declined in the second quarter, due to tougher comparatives and a challenging economic backdrop.

On 29 July, Anheuser-Busch InBev's intended acquisition of SABMiller overcame two major hurdles - clearance from the Chinese authorities and confirmation that SABMiller's board would recommend the new offer of GBP45 per share.

Completion of the deal is still subject to conditions - including the approval of both SABMiller and AB InBev's shareholders. But the path to MegaBrew is much clearer and the companies have set out a timetable to outline what happens between now and the intended completion of the deal - set for 10 October:

2 August: Publication of merger terms

The board of brewer SABMiller will recommend its shareholders approve a sweetened takeover offer by Anheuser-Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger.

The deal, worth 79 billion pounds ($104.9 billion), remains to be voted on by shareholders - a hurdle that could become harder to clear since the board intends to request that shareholders be divided into two classes, with each needing to approve the terms.

SABMiller has been informed by Anheuser-Busch InBev SA/NV ("AB InBev") that China's Ministry of Commerce has given conditional approval of the recommended combination with SABMiller.

To achieve the Ministry of Commerce's conditional approval and consistent with AB InBev's approach to proactively addressing potential regulatory concerns, AB InBev agreed to sell SABMiller's 49% stake in China Resources Snow Breweries Ltd. ("CR Snow") to China Resources Beer (Holdings) Co. Ltd, which currently owns 51% of CR Snow.

Anheuser-Busch InBev wants to offload SABMiller's Eastern European beer assets as one package rather than piecemeal, according to a report.

The brewer, which is on the verge of completing its takeover of SABMiller, wants to avoid a break-up of the beer brands, Reuters has reported today. Private-equity funds that are examining the prospect of a sale may have to team up to afford the expected EUR7bn (US$7.7bn) price tag, the report said, citing sources familiar with the matter.

Brewer Anheuser-Busch InBev has sweetened the terms of its $100 billion-plus takeover offer for SABMiller after a fall in sterling since Britain's vote to leave the European Union and a rise in AB InBev's shares reduced the attractiveness of the original terms for SABMiller shareholders.

AB InBev will now offer 45 pounds a share, an increase from the 44 pounds announced in November last year.

The offer values SABMiller at around 79 billion pounds ($104 billion). In November, it was worth around 70 billion pounds, or $106 billion by the exchange rates at the time.

Late last year, Molson Coors confirmed its intention to buy out SABMiller from their MillerCoors US joint venture for US$12bn. As part of the deal, Molson Coors will take control of the Miller brand portfolio globally.

US activist hedge fund Elliott Management has written to the board of SABMiller, the world’s second-biggest brewer, to raise concerns about the structure of its proposed £71bn takeover by larger US rival Anheuser-Busch InBev.

Elliott will add to growing unrest among investors about the choice between being paid either in cash or mostly stock after a plunge in the value of sterling following the result of a UK referendum caused a widening gap in the respective values of the options.

SABMiller's Q1 sales performance by region

SABMiller released a trading update, with sales in the three months to the end of June rising by 2% year-on-year. Here is the company's top-line performance by region.

All results are on an organic basis.

Latin America - Q1 sales +5%, volumes +1%

US anti-trust authorities have sought to rein in Anheuser-Busch InBev's distribution clout in the country, as they gave conditional approval to the brewer's SABMiller takeover.

In a judgement released late yesterday, the Department of Justice issued a number of rulings that would limit distribution for AB InBev brands once the takeover of SAB completes. The rulings come after the Budweiser owner came in for criticism, including from a US senator last month, about its distribution strength.