Another monopoly is not the answer
Do not forsake the glorious Reds, and the forgiving family that worships you, by defecting to Inter Milan just because of some little local difficulties, begs a desperate fan
Tuesday 28 March 1995
For the government to allow the formation of the mother of all brewers is, surely, out of the question, even if one accepts the argument that concentration is needed in an industry which is awash with over-capacity at a time of falling demand. Change there almost certainly will have to be. But the form of Courage's dismemberment will be complex and may well involve several other parties.
The financial arrangements S & N will have to put in place seem almost peripheral set against the other issues involved. These include the unravelling of Courage's half share in Inntrepreneur, the 4,350 strong pub chain owned with Grand Metropolitan, and numerous beer production agreements with the likes of Anheuser Busch, Holsten and even Foster's itself. Inntrepreneur, which is tied to Courage for the next three years, is unquestionably the most contentious issue. The pub company is at the centre of the Office of Fair Trading's recently launched investigation into beer supply prices
This is a deal which is clearly going to be of enormous benefit to S&N, and, if it succeeds in reducing capacity, to the industry as a whole. Finding a way to complete it that will also meet regulatory concerns is another matter.
- 2 Mystery man who gave mum heart-warming note on train 'wanted to put a smile on her face'
- 5 Amal Clooney gives excellent answer to fashion question at European Court of Human Rights
King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
Mystery man who gave mum heart-warming note on train 'wanted to put a smile on her face'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent answer to fashion question at European Court of Human Rights
Mafia's wall of silence broken: Victim of Cosa Nostra's extortion rackets in its Corleone heartland co-operates with authorities for the first time ever
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...