FTSE climbs higher

Brewing group Scottish & Newcastle led London shares higher today after European rivals Heineken and Carlsberg confirmed long-running speculation over their interest in the firm.

Wed, 17 Oct, 2007 - 18:28

Brewing group Scottish & Newcastle led London shares higher today after European rivals Heineken and Carlsberg confirmed long-running speculation over their interest in the firm.

Shares in S&N jumped 19%, or 119.5p to 756p, as analysts suggested a 800p-a-share price tag, valuing the firm at £7.5bn (€10.7bn).

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