Happy go lucky
Beer and wine company The Foster’s Group reported that it was on target to reach its 2006 full-year earnings guidance as first quarter performance had proceeded according to plan. The group expects cost savings of AUD 40 to 50 million (EUR 25 – 30 million) in fiscal 2006, rising to AUD 145 million in 2008, from its AUD 3.2 billion takeover of Australian wine company Southcorp earlier this year.
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