Carlsberg, the world's third biggest brewer, said on Thursday it has expanded its cost-cutting programme and suspended guidance for 2020 as a result of uncertainty related to the coronavirus outbreak in key markets.

"To mitigate the earnings impact of the lost volumes, we're further emphasising our Funding the Journey (cost cutting programme) initiatives and have launched several firm cost reduction initiatives," Chief Executive Cees 't Hart said in a statement. (Reuters)

Source. www.businessworld.ie