Scottish & Newcastle falls on mixed update

Scottish & Newcastle, purveyor of Fosters and John Smiths beers, experienced a 'robust' third quarter and expects to meet full year targets but its shares fell on some downbeat news on UK trading.

Morningstar.co.uk Editors 7 November, 2006 | 2:12PM

In an update for the nine months to September, Scottish & Newcastle says that Baltic Beverages (BBH), its 50% joint venture with Carlsberg, and its Asian businesses have continued to deliver strong growth.

Elsewhere, however, it has been tougher. Western European markets have been 'mixed' due to an overall weak consumer environment while in the UK, although it has continued to gain market share, the trading climate has been 'difficult'.

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