date:Aug 21, 2014
Carlsberg and Heineken two of the worlds top four brewers, signalled tougher times ahead for the beer industry as escalating political tensions in eastern Europe weigh on the regions economy.
Carlsberg, Russias biggest brewer, cut its full-year forecasts for revenue and earnings even as second-quarter profit beat estimates, causing the shares to slump. Heineken said it expects growth to moderate in the remainder of the year, though the shares surged after the Amsterdam-based company posted prof