S&N Warns Of H1 Profit Drop As Europe Continues To Trouble

Brewing major Scottish & Newcastle (S&N) has cautioned shareholders to expect a fall in first half operating profit, as the business environment remains challenging in some of its most important European markets. S&N confirmed that it expects a second-half recovery and for full-year targets to be met. However, the figures may once again prick the attention of Danish major Carlsberg, which is reportedly considering bidding for S&N in order to protect itself via improved scale in the fast-consolidating global beer market.

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