A Eu800m share repurchase at InBev is interpreted as signalling a period of greater fiscal restraint by chief executive John Brock. It could be an acknowledgment of the dilutive effect of its recent buying spree, which tarred the company with a reputation for over-paying. Recent announcements suggest the company is concentrating on "bedding down" and promoting organic growth. This is likely to include taking control of distribution rights to its Becks brand in the UK, relaunching Newcastle Brown Ale in Britain and increased investment in China. The Business 19/06/05 page 16