Scottish & Newcastle, the Edinburgh-based brewer with 3,300 staff at sites including Manchester, Reading, Dunston, Hereford and Staines, is to be acquired by Heineken and Carlsberg for £7.8bn.
Scottish & Newcastle is seeking cost savings of £50m in its brewery production and distribution operations over the next three years, which is likely to affect some of its 4,500-strong UK workforce.
Scottish & Newcastle is to sell its Courage beers business to Wells & Young's Brewing for an estimated £10m, and production will transfer from Tadcaster to Bedford over the next few months.
Scottish & Newcastle has confirmed plans to close its brewery in Edinburgh later this year, with the loss of 170 jobs, while a smaller site is being acquired from Caledonian Brewery to produce McEwan's ales.
Scottish & Newcastle has sold its S&N Retail chain of 1,406 pubs, restaurants and lodges to a consortium of Spirit Group, Texas Pacific Group, Blackstone, CVC Capital Partners and Merrill Lynch Global Private Equity for £2.5bn.
Scottish & Newcastle is to close the Scottish Courage bottling and canning facility at the Fountain Brewery in Edinburgh with the loss of 170 jobs, but £8m will be invested in a new keg packing operation at the site.
Scottish & Newcastle has announced plans to sell off 740 pubs and reorganise its beer distribution by focusing on three regional hubs, which could lead to the loss of 1,300 jobs over the next four years.
Scottish & Newcastle is to sell its Center Parcs holiday business to a joint venture of DB Capital Partners and Pierre & Vacances of France for £670m, but the three UK sites will be wholly owned by DB.
Scottish & Newcastle has drawn up a shortlist of bidders for the sale of its Center Parcs holiday village business, and the list includes CVC Capital Partners, Compass Partners, West Private Equity and Pierre et Vacances.
Scottish & Newcastle is to sell 481 leased pubs to a subsidiary of the Royal Bank of Scotland for £180m, in order to comply with a requirement to sell pubs following its purchase of the Greenalls estate.
Scottish & Newcastle is to spend £150m over the next two years on the expansion of its Lodge Inns budget hotels business, its new coffee bar and Italian restaurants, and its chain of City Limits catering establishments.
Scottish & Newcastle is to spend £6m setting up a temporary headquarters in Edinburgh to make way for the Scottish Parliament building, and expects to move to a new permanent site within 18 months.
Scottish & Newcastle is restructuring its brewing division into four regional companies in order to help it compete for business with Nomura's pub chain, and 300 jobs are expected to be lost.
David Lloyd is linking up with Scottish & Newcastle to invest £100m in the creation of a chain of family-oriented fitness clubs called the Next Generation, which will include tennis courts and beauty parlours.