Carlsberg could be entering a new period of expansion, according to the Lex Column in the Financial Times. Carlsberg’s holding company is to buy Orkla’s 40% stake in the brewery operating business and has made plans to cut DKr300m (£26.5m) from its cost base, which should boost its western European operating profits by more than 10%. There are also signs that its Russian business is picking up. Financial Times 10/04/04 page 14 (Lex)

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