FOSTER’S CALLS TAKEOVER RUMORS HEARSAY

Foster’s Group has denied any knowledge of a rumored takeover bid by InBev or SABMiller. After shares in Foster’s rose 9% yesterday, Foster’s told the Australian Stock Exchange that it knew nothing of any rumored interest in the company after being asked to explain a jump in its share price. According to the company, the only explanation for the jump is the release of its annual results yesterday in which the company posted a 27% increase in full-year profits.Apparently, things