Heineken Posts Strong Year

Heineken shares rose almost 8 per cent to their highest level since 2003 after Jean Francois van Boxmeer, who took over as CEO in October, said he planned to save 200 million euro annually by 2008 by cutting costs. Heineken NV reported that its profits rose 7.3% which was at the top end of forecasts and beating its outlook."The world beer market continues to grow. The premium segment is expected to grow at a rate that is twice as high