S&N On Track to Meet City Expectations

The HeraldJune 24, 2004

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Summary


SHARES in Scottish & Newcastle firmed 2.25p to 441.75p yesterday after the UK's biggest brewer confirmed City expectations that it is on track to meet its financial goals this year.

Edinburgh-based S&N, which brews Kronenbourg, Foster's and John Smith's, said efficiency improvements within its UK beer business Scottish Courage have been achieved faster than anticipated, after the company announced plans earlier this year to close breweries in Edinburgh and Newcastle.

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S&N On Track to Meet City Expectations

The brewer said it now anticipates annua...

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