The UK brewing group, Scottish & Newcastle (S&N), announced that it had gained 78.5% of the shares in the troubled cider producer, HP Bulmer, by the second closing date for its recommended takeover bid of June 19.

S&N said it had received acceptances for 87.7% of first preference shares and acceptances for 93.2% of second preference shares.

S&N also said that it had extended its offer for a further 14 days until July 3.