Australian drinks group Foster’s is at the centre of takeover speculation with reports that both SABMiller and Heineken have it in their sights. Rumours were fuelled after Deutsche Bank confirmed it had built a 5.3% stake on behalf of an unknown investor. Shares in Foster’s have suffered since June when the group issued a profits warning and cut the carrying value of its global wine assets by A$1.2bn ($993.3m). Foster’s announced last week that acting chief executive Ian Johnson has been confirmed as its new boss, replacing Trevor O’Hoy who quit in June. Johnson refused to comment on whether the group would sell its wine business or whether there had been takeover interest in the whole group. But there is speculation in Australia that Deutsche Bank could be working with an activist fund keen to win a seat at the table in the event of Foster’s being broken up. Meanwhile the rumours caused shares in SABMiller to slip 3.2% on Friday. Financial Times 27/09/08 pages 25 & 30 (Companies & Markets)