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09 February, 2007

Scottish and Newcastle is taking consultancy firm Price Waterhouse Coopers to court, saying that PWC gave it advice designed to cut costs, which actually made the company spend more money. The brewer, which filed the claim last year, was advised on the restructuring of supply arrangements at its UK-based Scottish Courage subsidiary between 2001 and 2003. However, in February 2003, S&N blamed the restructuring, and ballooning associated costs, for a profits warning that led to a sharp fall in its share price. It is thought that S&N is claiming damages of £10 million.

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What makes wine special

Reaching the 50th instalment of Hemmingís Way is hardly the biggest milestone, but I donít need much of an excuse to pour myself a glass of champagne before getting dressed. Itís a better reason than I had for all 49 other instalments, anyway. Not that that stopped me.

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