According to a report in the Scottish newspaper, the Daily Record, the UK’s largest brewer, Scottish & Newcastle, is preparing to make a takeover bid for the troubled UK cider group, HP Bulmer.

Bulmer has been subject to a catalogue of financial troubles during the past six months which is thought to have made it a prime target for a takeover. Last week, HP Bulmer heightened takeover speculation by conceding that it might have to sell following a further deterioration in trading.

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