|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||0.63|
|PE ratio (TTM)||0.25|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Today is Friday, November 24th, and this is your FT News Briefing. Plus, Carlsberg’s Russian staff are arrested. It’s a victory for Europe’s far right this week as Dutch anti-immigration leader, Geert Wilders, won the most votes in his country’s general election.
A court in St Petersburg has imposed unspecified "interim measures" against Carlsberg in favour of Baltika Breweries, court filings showed, after the Danish brewer stopped licensing its brands in Russia this month. Russian President Vladimir Putin ordered the temporary seizure of Carlsberg's stake in the Russian brewer Baltika in July, along with French yoghurt maker Danone's Russian subsidiary, demonstrating the risks for Western companies that have not managed to exit Russia since its invasion of Ukraine. Carlsberg subsequently told Baltika that the licence agreements enabling it to produce, market and sell all Carlsberg Group products, including international and regional brands, had been terminated.
COPENHAGEN/STOCKHOLM (Reuters) -Carlsberg's Chief Executive Cees 't Hart will retire at the end of September, the Danish brewer said on Tuesday, after he has seen through the sale of its Russian business. Hart, the main architect behind Carlsberg's strategic shift from Russia towards China and a bet on prioritising price over volume, was hired in 2015, partly to help restore sluggish sales in its Eastern Europe brewing business. During his eight years in charge he has successfully focused on cutting costs and improving sales of premium beers to compete with its larger rivals Heineken and AB Inbev.