Probably problems: Carlsberg shares hit by Russian issues

The Danish beer company said it is no longer possible to provide a financial forecast because of the invasion of Ukraine

Carlsberg shares tumbled as the Danish brewing giant froze profit guidance and warned of a financial hit from its Russian exposure.

Carlsberg shares fell sharply after the biggest brewer in Russia suspended its 2022 financial guidance and warned that it may have to write down its assets in the country.

The Danish company said it is no longer possible to provide a financial forecast because of the Russian invasion of Ukraine.