Scottish and Newcastle is considering closing some of its UK breweries to cut costs.
Responding to speculation by analysts that the futures of plants in Edinburgh and Newcastle were under threat, the brewer, which makes Kronenbourg and John Smith’s, admitted it was reviewing its operations.
A spokesman said: “Over the past few months, we have made it clear that we have a priority to reduce the cost base in all areas of our business. However, neither S& N nor its UK division, Scottish Courage, has made any decision regarding the closure of breweries.”
In the meantime, speculation increased in the City this week that the company was on the verge of being taken over after its share price soared by 24.5p to 413.5p.
The Grocer revealed last year that potential buyers were lining up to take over Britain’s last major independent brewer after it shed its pub estate.