Heineken’s biggest-ever price rises fail to stop slash in UK profit Business Heineken’s biggest-ever price rises in the UK failed to stop its profit being slashed during its latest financial year as it battled “economic volatility”. The Edinburgh-based division raised its prices in 2023 as it faced “significant inflationary pressure on input costs”, reducing consumer spending, higher labour costs and rising energy bills. According to newly-filed results, [...]
Heineken shares drop on near-£750m China impairment charge Business Heineken has taken a €874m (737m) impairment charge on its investment in China’s largest brewer, leading it into the red and causing shares to drop by seven per cent in early trades. The impairment charge led to a first-half net loss of €95m (£80m) for the brewer, down from profit of €1.1bn (£930m) in the [...]
Premier League signs up Guinness to replace Budweiser in £40m deal cheers Guinness saw off competition from Heineken to replace Budweiser.
Heineken to invest £40m in UK pubs and create more than 1,000 jobs May 6, 2024 Heineken has revealed plans to invest almost £40m in its pubs across the UK in a move which it says will create over 1,000 jobs.