Teather & Greenwood recommends buying Scottish & Newcastle at 457p (447p this week), where it expects major improvement over the next few years.
The broker says the group has new management, it is realising its business potential and it is now focused on the UK and international business. It says the most exciting prospects lie in Russia where demand for beer is rising 10% a year.
The Daily Telegraph (Your Money) 05/03/06 page 2
