Australia: New Foster's Group chief executive Trevor O'Hoy said the company hopes to save A$85m in annual costs on over the next three to five years, “part of a programme that is looking to combat a lack of growth in mainstream beer consumption in Australia”. “These savings that Trevor talked about last year will be delivered – we’re on track,” CUB managing director John Murphy was quoted saying by Dow Jones on 15 November.

Carlton & United Beverages (CUB) is committed to being Australia’s leading beverage company. As a consumer-focused, multi-beverage company, CUB offers a broad-based portfolio of beverages over a number of key categories represented by over 70 brands across beer, popular table wine, spirits, cider and juices. This growing portfolio of strong brands are very much part of the Australian lifestyle, enjoyed by drinkers throughout the country.

17 November, 2004