Emerging beer markets are the key to why Scottish & Newcastle is suddenly in demand, according to a News Analysis in The Financial Times. And if the brewer acquires majority control of its joint Russian venture BBH, then it will be an even more attractive proposition. Russia is one of the most profitable beer markets in the world, but S&N chief executive John Dunsmore is already thinking about how to expand in India which he sees as "tomorrow's BBH". He believes there is huge scope for growth as current licensing restrictions and high state taxes are relaxed and refrigeration becomes more widely available. Meanwhile S&N is expecting suitors Carlsberg and Heineken to make a higher offer after the Takeover Panel gave them a month to make a formal bid or walk away. The Financial Times 22/12/07 pages 18 & 19