Arts and Entertainment

Julian Fellowes, DVD

A taste of England 2: In a froth of PR, alcoholic gel is launched

Carlsberg-Tetley gave in to pressure yesterday from the drinks industry watchdog to change the packaging of its latest "alcopop", Thickhead, amid fears that it could encourage underage drinking.

Allied mulls two-way split

Now that Allied Domecq has completed its withdrawal from brewing, attention will shift to the future of a group which has created a focus for its once sprawling empire, but which failed to transform it into the shareholder value being demanded by increasingly restive institutional investors.

Bass buys Carlsberg-Tetley for pounds 200m

Attention turns to OFT approval as Bass finally announces deal that will make it Britain's largest brewer with one-third of the market

Bass on verge of pounds 200m Carlsberg-Tetley deal

Bass is on the verge of sealing its pounds 200m deal to buy Carlsberg- Tetley. The merger, which would mark the biggest consolidation of the UK brewing industry in the last century, could be announced today.

A monstrous brewing deal we will all regret

'The evidence is overwhelming that market concentration on this scale is bad for the consumer, bad for small competitors, and bad for employment and diversity'

Lager lout campaign passes sell-by date 'sell-by' date

After 12 years, it appears the British lager-buying public no longer gives a XXXX for the beer-swilling, cork-hatted Australian male.

Allied forced to drop Carlsberg price by 33%

Allied Domecq had to drop the asking price for its Carlsberg-Tetley brewing business by 33 per cent to secure a takeover agreement with Bass, a source close to the negotiations said yesterday.

DTI set to give green light to Bass deal

Bass has persuaded the Government to wave through its proposed acquisition of Carlsberg-Tetley with far less onerous conditions attached than had been previously thought. Details of a deal which will catapult Bass into pole position in UK brewing are expected to emerge later this week or early next.

Jobs threat in Bass's pounds 200m Carlsberg deal

A long-awaited pounds 200m deal by Bass, the brewer, to buy Allied Domecq's half-share in Carlsberg-Tetley, the Anglo-Danish brewing business, will be announced this week.

Bass buys the drinks as Allied sobers up

City & Business

Midlands brewers pay pounds 7.5m for Mercury stake

Two Midlands brewers are paying pounds 7.5m for a two-thirds stake in Mercury Taverns, a group formed specially to buy 111 pubs from Bass in 1993, writes Magnus Grimond. The price being received by NatWest Ventures and Murray Johnstone values Mercury at pounds 11.4m, which compares with the pounds 23m that the Mercury management, backed by the venture capitalists, paid for the original business in 1993. Mercury is understood to remain highly geared.

Courage is good for S&N

The Investment Column

Cricket: Durham dampener

Durham's gloom deepened when rain at Chester-le-Street yesterday cost them the chance of securing their first County Championship victory of the season and left them at the foot of the table.
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