Scottish and Newcastle
Article Abstract:
Scottish and Newcastle has seen a drop in its stock price and faces regulatory constraints and slwo growth in the pub and brewing businesses. The company has acquired the brewing interests of Danone, which gives it greater access to international markets. There is a plans to sell Pontins and Center Parcs holdiay villages to help raise funds. Charterhouse Securities rates the company's stocks a hold, Lehman Brothers rates them neutral, while Merrill Lynch rates them long-term neutral.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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Scottish and Newcastle
Article Abstract:
Scottish and Newcastle is involved in pubs and brewing and is to sell some of its pubs.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Scottish and Newcastle
Article Abstract:
Scottish and Newcastle stocks have been affected by concern about a consumer slowdown, and the company's profit will be affected by the loss of a contract with Inntrepreneur. Off-trade sales of beer have also been hit by high duty levels, according to an industry spokesman. There is concern that the company may announce a profit warning, though this may be unfounded since analysts' forecasts have already been downgraded. The group is investing in parks in mainland Europe to seek to boost profit growth, but this involves initial costs.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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