Heineken and Carlsberg yesterday reported widely diverging impacts on their profit lines of their joint acquisition of Scottish & Newcastle last year, HeinekenCarlsbergScottish & Newcastle but the companies warned they both faced further cost cuts as the recession pushes beer drinkers out of pubs.
Heineken saw net profits plunge in 2008, dragged down by financing costs, while those of Danish rival Carlsberg have soared since the two paid HeinekenCarlsberg£7.8bn ($11bn) for the UK brewer. Heineken chiefly got S&N's British assets while Carlsberg took those in Russia and France. Scottish & Newcastle
