Heineken is set to restate profits for newly acquired Scottish & Newcastle UK by as much as 10% after finding discrepancies in the Edinburgh-based company’s accounts. City analysts have been warned to expect a restatement when Heineken reports half-year results at the end of August. However, there is no suggestion that S&N’s finance team acted outside accounting regulations, only that they took a different approach to the team at Heineken. S&N made revenues of £1.86bn in Britain in 2007, leading to an operating profit of £213m, down by 8% on the previous year. The Sunday Telegraph (Business) 06/07/2008 page 3