Analysts say the market can rest easy knowing that the popular retailer’s food section is in good hands

Woolworths is in a better position now than it was when it bought the Australian department store

Its food and financial services divisions did well but won’t offset the clothing division losses

Cushioned by the loyalty of its customer base at the top end of the market, the retailer is eyeing new horizons.

Woolworths has pledged a $4 per share cash offer for Australia’s David Jones, which the store operator’s board says will be recommended unanimously.

SABMiller’s 3% rise in underlying beer volumes in the first three months of 2012 has been attributed to its growth in emerging markets.

Despite a drop in beer volumes in North America and Europe, SABMiller reported a rise, boosted by the growth in African and Latin American markets.

SABMiller underlined its confidence in Africa on Tuesday by raising its targets after big investments in nations like Angola and Mozambique.

Brewer SABMiller beat forecasts with a 3% rise in quarterly volumes, boosted by growth in Africa and Asia.