[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Tuesday, 8 August 2006, 07:45 GMT 08:45 UK
Brewer S&N toasts rise in profits
Beer pumps and pint of lager
S&N is the biggest brewer in the UK, France and Russia
Brewer Scottish & Newcastle (S&N) has posted a 12% rise in half-year profits boosted partly by the World Cup.

Pre-tax profits for the six months to 30 June rose to 187m ($355m) from 167m last year.

The World Cup added 2% to beer and cider market growth in the UK, S&N said, although the tournament had little impact in other markets.

Overall revenues at the firm - whose brands include Foster's, Strongbow and Kronenbourg - rose 6% to 1.99bn.

The UK's biggest brewer said that trading in the second-half of the year had started well, boosted by the recent good weather in Europe.

S&N added that its Baltic Beverages Holding (BBH) business - a 50-50 joint venture with Carlsberg in Russia and Eastern Europe - was continuing to deliver benefits.

Last week, BBH reported a 31% rise in first-half profits and raised its growth and profit margin forecasts.

Brewer calls time on free pension
19 Jan 06 |  Business
Beers boost S&N profits by 8.7%
09 Aug 05 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific