STOCKS NEWS EUROPE-Carlsberg drops 4 pct on Russian fears

Shares in Danish brewer Carlsberg (CARLb.CO) drop 4 percent on renewed fears of Russian sales, which make up 40 percent of group revenue.

"There's been a string of downgrades of the share following the rumours of new regulations in Russia. It's that fear that keeps spinning the share downwards," analyst Kitty Gron of Handelsbanken says.

Carlsberg is trading at its lowest level since July 29 at 348 Danish crowns.

It is the biggest loser in the DJ STOXX European food and beverage index .SX3P, which is down 0.8 percent.

Deutsche Bank downgrades the Danish brewer to "sell" from a "hold", saying the market has not yet priced in implications of the Russian government's steps to cut alcohol comsumption.

Reuters Messaging rm://peter.levring.thomsonreuter.com@reuters.net