Bank Puilaetco removed the Belgian brewer Interbrew from its recommended stocks. Rabo Securities has cut its forecast for the company. The move comes before a trading update from the brewer tomorrow. Rabo Securities has cut its 2003 earnings-per-share forecast on a recurring basis to €1.32 from €1.60, saying it expected the lower dollar against the euro to cost Interbrew between €20 and €30m in the first-half of the year.

25 June, 2003