Brewing giant S&N announces 11% profits rise

Brewing giant Scottish & Newcastle today announced an 11% rise in underlying profits after benefiting from a strong trading performance in the UK.

The group said sales volumes of its top four brands – Foster’s, Kronenbourg 1664, John Smith’s and Strongbow rose by 4.5% in the UK and pushed operating profits from its biggest region up by 11% on a year earlier.