Last orders loom for Scottish & Newcastle

Last orders loomed for Foster’s brewer Scottish & Newcastle today after it agreed a £7.8bn (€10.5bn) takeover offer from rivals Heineken and Carlsberg.

The European suitors, who have been pursuing Edinburgh-based S&N since October, plan to carve up the business when the deal is completed.

The move is set to call time on more than 250 years for the brewer, which also makes Kronenbourg 1664 and Newcastle Brown Ale.