What the Sunday papers say - September 23

Related tags Pernod ricard Seagram United states

Weekend FTDrinks group Rémy-Cointreau has issued a warning on earnings after the US terrorist attacks. The company, which relies on North America...

Weekend FT

Drinks group Rémy-Cointreau has issued a warning on earnings after the US terrorist attacks. The company, which relies on North America for about 38 per cent of its total revenue, cut back its forecast for pre-exceptional net profit growth to 5 - 10 per cent for its 2001/2002 year as the aftershocks from last week's attacks hit the beverage sector

A sharp decline in travel has hit top London hotels in the aftermath of the terror attacks in America. Six Continents, which owns Holiday Inns and Inter-Continental, said that the short-term effects on its business could be substantial given that 20 per cent of its hotel profits were generated in September and October

Scotland on Sunday

Crisis talks on future for economy. Scotland's politicians were in economic crisis talks last week ahead of a meeting on Tuesday with UK trade and industry secretary Patricia Hewitt. The Scottish Executive is considering its own economic assessment impact study and will focus on two key themes. A joint action group including VisitScotland, the area tourist boards and the British Tourism Authority has also produced an action plan.

Sunday Business

Whitbread has reopened talks with other bidders for its Curzons fitness clubs, in case the favoured bidder, a consortium including PR guru Matthew Freud, is unable to complete a deal.

Cadbury Schweppes has confirmed plans to buy the majority of Pernod Ricard's soft drinks businesses, including the Orangina brand.

Pernod Ricard has admitted that its bid to buy Seagram wine and spirits may have been damaged by interference from Europe's competition authorities

Shares in the leisure, entertainment and hotel sector have been badly hit by the US attacks with The Observer estimating a fall of almost 25 per cent in value. Sunday Times

Scottish & Newcastle is reported to be in negotiation with America's Miller Brewing about forming new ventures in Europe.

Sunday Telegraph

No industry-related news.

Independent on Sunday

No industry-related news.

Sunday Express

No industry-related news.

The Observer

No industry-related news.

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