Børsens News Service in English
Carlsberg Under Pressure After Grain Price Spike
06-08-2010
14:33
Carlsberg’s shares were coming under pressure Friday after it became clear that a heatwave has had a devastating effect on the Russian harvest. Barley prices on the Paris commodity exchange rose to 230 euros per ton today, up from 186 euros two weeks ago. This represents an increase of almost 25 per cent
As a result, shares in the Danish beer giant fell 4.1 percent to DKK 493.90 on late morning trading
Carlsberg can gain scant consolation from the fact that the grain price hike has affected its European rivals in a similar manner.
At lunchtime, the Danish C20 index was trading down 0.4 per cent at DKK 422.98
As a result, shares in the Danish beer giant fell 4.1 percent to DKK 493.90 on late morning trading
Carlsberg can gain scant consolation from the fact that the grain price hike has affected its European rivals in a similar manner.
At lunchtime, the Danish C20 index was trading down 0.4 per cent at DKK 422.98
*****||*****Carlsberg Under Pressure After Grain Price Spike*****||*****Carlsberg’s shares were coming under pressure Friday after it became clear that a heatwave has had a devastating effect on the Russian harvest. Barley prices on the Paris commodity exchange rose to 230 euros per ton today, up from 186 euros two weeks ago. This represents an increase of almost 25 per cent*****||*****
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