Edition:
United States

Robert Cole

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Nov 04 2015

New look M&S has incomplete designs

First-half results show the 8.5 bln stg UK retailer has done much to improve itself internally - non-food gross margin guidance was revised up, again. But Marks & Spencer needs to get the top line moving to deliver sustained returns. Fashioning external appeal is a harder task.

Oct 30 2015

AB InBev enters SAB mega-deal on a solid footing

The Budweiser brewer has upped guidance on revenue. Costs are also rising because AB InBev is selling more fancy beers. Ahead of its $105 billion deal with SABMiller, the world’s largest brewer must spend on new products and markets as well as buying rivals in order to secure growth.

Oct 28 2015

Heineken strength justifies mega-merger abstinence

The Dutch brewer’s quarterly sales increased 8 pct year-on-year. That’s better than latest figures from SABMiller and AB InBev. Carlsberg dropped 4 pct last quarter. While Heineken’s three global peers are chasing growth through change, the green-bottle brewer is sitting pretty.

Oct 13 2015

AB InBev must change spots to make SAB deal work

Having won its UK rival’s agreement to merge, the Budweiser brewer now gets to put its fearsome talent for cost-cutting to work. But that may not be enough. AB InBev will need to create growth and court governments to make the $104 bln bid stack up. Those are different skills.

Oct 09 2015

SABMiller’s Budweiser fightback lacks punch

The Peroni brewer’s promise to find $550 mln of new cost savings by 2020 is paltry in the context of the $100 bln approach from AB InBev. SAB might have more powerful defences in its locker. It had better, if it wants to stay independent from the Budweiser brewer.

Oct 07 2015

Bud almost has the SAB keg tapped

AB InBev’s $99 bln cash offer for SABMiller is robust. The alternative stock package is unusual, but looks cleverly designed to meet the tax needs of Altria and BevCo, SAB’s 41 percent shareholders. It also eases post-deal debt pressures. MegaBeer is almost here.

Oct 06 2015

SABMiller’s growth focus raises Budweiser stakes

The South African-born brewer used the G-word six times in the first three sentences of an ostensibly ordinary Q2 trading statement. The intention looks clear. Seven days ahead of Anheuser’s deadline to launch a formal $100 bln-plus offer, SAB is saying: pay up or shut up.

Sep 24 2015

Bud-SAB tie-up hinges on a scramble for Africa

Cost-cutting will help brewer AB InBev justify a $110 billion strike at SABMiller. But a convincing top-line growth story is required if existing equity investors are to roll into the new entity. There are several levers. Africa is the most important.

Sep 18 2015

England will win the Rugby World Cup

The quadrennial battle for the Webb Ellis Cup begins at Twickenham on Friday. The bookies’ favourite is the New Zealand team. But a Breakingviews data-driven analysis suggests the English rose could triumph – with France edging the always awe-inspiring All Blacks into third.

Sep 18 2015

England will win the Rugby World Cup

The quadrennial battle for the Webb Ellis Cup begins at Twickenham on Friday. The bookies’ favourite is the New Zealand team. But a Breakingviews data-driven analysis suggests the English rose could triumph – with France edging the always awe-inspiring All Blacks into third.

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