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’Internal candidate lands top S&N job
Scottish & Newcastle has appointed John Dunsmore, managing director of its western Europe business, as chief executive to take over from Tony Froggatt on Nov 1. Mr Froggatt will remain available to the chairman and board for a further three months “to ensure a smooth transition”
Scottish & Newcastle boss calls last orders
Tony Froggatt, the boss of Scottish & Newcastle, is to call time on his spell in charge of the brewer in a move certain to fuel speculation that the company is up for sale, reports the Daily Telegraph.
S&N riled by Carlsberg speculation
Drinks company Scottish & Newcastle is considering telling Carlsberg to “put up or shut up” after becoming exasperated by repeated suggestions from the Danish brewer that it fancies bidding for the British group,
Carlsberg names new chief, paves way for bid
Carlsberg, the Danish brewer, has selected Jorgen Buhl Rasmussen as its new chief executive, potentially paving the way for a bid by the Danish brewer for Scottish & Newcastle, its UK rival. Mr Rasmussen,
Carlsberg: probably the best M&A signal in the world
As an exercise in telegraphing your corporate intentions, they don’t come much better.
The Carlsberg Foundation, which controls the eponymous brewer, announced on Friday that it had applied to the Danish Ministry of Justice to amend its charter.
S&N move gaining momentum
Scottish & Newcastle is once again talk of the town after an FT report on Monday that the brewer has been sized up as a potential acquisition target by SABMiller and Diageo, two of the drinks industry’s biggest heavyweights.
Project Spice — who might have spoiled the party?
In considering Diageo’s proposal to carve up Scottish & Newcastle between them, SABMiller gave considerable thought to who else might step in to partner the UK drinks giant if it declined – and to which companies might be prompted to launch a counter-bid once S&N were in play.
Project Spice — the £7bn Diageo UK spin-off idea
Diageo has been considering a plan to hive off its entire British drinks business — spirits brands such as Johnnie Walker and Smirnoff as well as its Guinness stout operation — into a separate joint venture company that would also hold Scottish & Newcastle’s British beer business,
Project Spice — froth to fact on Scottish & Newcastle
In the words of Malcolm Wyman it was just “old rumours bubbling up and resurfacing again.”
Since a trading update 10 days ago, SABMiller’s chief financial officer made his comment on the future of his smaller rival,
Project Spice – the real plan to break up Scottish & Newcastle
Diageo and SAB Miller, two of the world’s most powerful drinks companies, have held detailed discussions with a view to breaking up Scottish & Newcastle, the British brewer that owns a half share in Russia’s largest beer business.
SABMiller denies interest in S&N
Malcolm Wyman, SABMiller’s chief financial officer, put an end to market speculation that the brewer had been considering a bid for rival Scottish & Newcastle by describing the western European beer market as “singularly unattractive”.
Markets live transcript 30 Mar 2007
Markets live chat transcript for the chat ending at 11:48 on 30 Mar 2007. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)
PM: Welcome to Manipulation Live, Alphaville’s daily markets chat.
The truth about S&N — Markets Live at 11am
Despite a series of incredulous media reports — some suggesting that shares in Scottish & Newcastle have somehow been manipulated by bid speculators — shares in the brewer continued their advance on Friday.
S&N rises 12% on takeover rumours
Some traders believe the story is merely hype, and some brokers say that any such deal would be defeated by competition issues. Nevertheless, nearly 45m shares in Scottish & Newcastle, the UK’s biggest brewer,
S&N in the frame – our sources say there’s a bid, and it’s not Heineken
In the good ol’ days, when beer was beer and British pubs shut too soon, a 10 per cent move in a stock price meant one thing: a statement, issued at the behest of the The Panel on Takeovers & Mergers.
It would be begin,
S&N sells off Courage
Scottish & Newcastle, Britain’s biggest brewer, will signal a further retreat from the cask ale market by announcing the sale of Courage beers to Wells & Young’s Brewing Company, reports the Times. The deal,
Scottish & Newcastle to spend £100m on raising China stake
Scottish & Newcastle is to spend up to £100m on bolstering its stake in one of China’s leading brewers, the Telegraph reports. Scottish & Newcastle will increase its stake in Chongqing Brewery Company (CBC) to just under 20 per cent from the current 17.5 per cent.