FTSE on back foot despite S&N takeover buzz

Persistent takeover speculation regarding brewer Scottish & Newcastle saw shares in the group climb 6% today.

FTSE on back foot despite S&N takeover buzz
Fri, 27 Apr, 2007 - 15:02

Persistent takeover speculation regarding brewer Scottish & Newcastle saw shares in the group climb 6% today.

S&N was ahead 34p at 619.5p as rumours pointed to Carlsberg as a potential suitor after it changed its share structure in a way that would allow greater scope for acquisitions.

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