Do as you are being told
While Scottish & Newcastle’s (S&N) board is quietly going about its business of running the company and keeping its lips shut whether there are any imminent investment or divestment plans, there is talk in the City that S&N might still end up under the wings of the high-flyer South African Breweries, although S&N is thought to be very much against the idea. S&N also seems to be set against the idea of divesting its pub estate although it would help it to re-rate the stock further. However, those familiar with the situation argue that management will be doing just that.
British media have been speculating for a while that S&N may consider a property sale, "possibly this year"..
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