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Scottish & Newcastle plc was a brewing company headquartered in Edinburgh, Scotland, which expanded from its home base to become an international business with beer volumes growing almost tenfold. The company was listed on the London Stock Exchange until it was acquired by Heineken and Carlsberg in 2008 and its assets split between them.
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The FTSE 250 Index, also called the FTSE 250, or, informally, the "Footsie 250" / ˈ f ʊ t s i /, is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock Exchange. [1]
The index has trading symbol UKX [1] and is maintained by FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group, which originated as a joint venture between the Financial Times and the London Stock Exchange. It is calculated in real time and published every second when the market is open. [2]
The company eventually merged with Newcastle's Tyne Brewery in 1960 to form Scottish & Newcastle Ltd., a giant of the British brewing industry until its joint takeover by Carlsberg and Heineken group, in 2008. Heineken acquired the British business. The Abbey Brewery had closed in 1956 to be redeveloped as the Head Office of Scottish & Newcastle.
A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name.
With the part acquisition of Scottish and Newcastle in 2007/2008, Heineken became the third-largest brewer based on revenues, behind the Belgian-Brazilian AB InBev and the British-South African SAB. Heineken owns the Czech brand Dačický, which was brewed in Kutná Hora from 1573 until Heineken took ownership of it and closed the brewery in 2009.
In 2003, Scottish & Newcastle auctioned off the Chef & Brewer chain, which was acquired by the Spirit Group. In 2005 the Spirit Group was acquired by Punch Taverns. [2] In 2011 the Chef & Brewer chain became part of Spirit Pub Company plc following its demerger from Punch Taverns. The Spirit Pub Company plc was acquired by Greene King in June ...