S&N quiet on brewery's future as profits go flat

Ros Snowdon Deputy City Editor SCOTTISH & Newcastle reported flat 2003 profits yesterday and said it expected consumer confidence to remain weak over the coming year.

The group remained tight-lipped about the future of its Newcastle brewery amid rumours that it will be shut down following last week's controversial decision to close the 150-year old Fountain Brewery in Edinburgh.

S&N has set itself a target of saving 45m a year within three years and the Edinburgh closure will save it around 10m a year.

 

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