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Australia: Beer goes flat for Foster’s

Carlton and United Breweries’ (CUB) loss of market share in the first half dashes hopes that Foster’s beers would counter waning earnings from its wine division.

Now facing a battle on two fronts, Foster’s said that volumes at CUB dropped 1.1 percent in the December half, when industry experts estimated the Australian beer market had grown at least 1 percent and possibly as much as 3 percent.