Carlsberg Skimps on Russian Beer as Turmoil Weighs on Earnings
date:Aug 22, 2014
gh single-digit percentage decline in the countrys beer market this year, less than its previous prediction for a mid single-digit drop.

The shares fell 3.6 per cent to 520 Danish kroner at the close of trading in Copenhagen, paring a drop of as much as 6.9 per cent. Competitor Heineken gained 8.3 per cent to 57.31 in Amsterdam for the biggest advance since October 2008 after the Dutch company posted first-half earnings that topped estimates and said profitability would improve.

Declining Shar
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