Financial Times FT.com

Carlsberg and Heineken warn on cost cuts

By Michael Steen in Amsterdam and Robert Anderson in Stockholm

Published: February 18 2009 10:06 | Last updated: February 18 2009 23:22

Heineken and Carlsberg on Wednesday reported widely diverging impacts on profit from their joint acquisition of Scottish & Newcastle last year, but the companies warned they both faced further cost cuts as the recession pushes beer drinkers out of pubs.

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