‘Cosmic’ borrowing costs stop Russian bond sales as debt teeters on brink of default April 11, 2022 “Cosmic” borrowing costs have forced Russia to stop bond sales for the rest of the year, as its debt teeters on the brink of defaulting. Sanctions on the Kremlin continued to bite, as its finance minister revealed drastic action this week. This comes after Western sanctions forced it to pay bondholders in roubles, despite it [...]
Carlsberg follows Heineken with ‘difficult and immediate decision’ to quit Russia March 28, 2022 Carlsberg has followed Heineken in quitting Russia, saying the “difficult and immediate decision” would lead to a “substantial” loss. The Danish brewer becomes the latest major western firm to leave the Kremlin-ruled country in protest of Vladimir Putin’s war. The company said it has “taken the difficult and immediate decision to seek a full disposal [...]
My morning in the metaverse March 17, 2022 Yesterday morning, Heineken (yes, the beer), hosted a press conference for their new drink. Instead of thinking about what tube or bus I would catch, I followed a link to the brave new world of the metaverse. Their new drink – Heineken Silver – will be the booze for Decentraland, the metaverse platform. I tuned [...]
Wheat price rallies could hurt hospitality and cause food prices to spike warn industry leaders March 8, 2022 Hospitality and supermarkets could bear the brunt of rocketing record prices following Russia's invasion of Ukraine.
Boris Johnson’s political headache isn’t over as the threat to the Union rears its head again March 2, 2022 Boris Johnson has often been both the Houdini and the Heineken politician over the past decade. But if he survives the latest party-gate scandal he may unwittingly walk into a much bigger domestic political headache, with more than just his career on the line – the future of the union. Of course he will do [...]
Heineken warns drinkers could cut back on beer as it prepares to hike prices February 16, 2022 Heineken has warned today that drinkers could cut back on beer as it prepares to hike its prices to offset soaring costs.
JD Wetherspoon and Budweiser ink 20-year partnership as brewer chain’s largest beer supplier November 29, 2021 Pub operator JD Wetherspoon has announced a 20-year deal with brewer Budweiser, which will become the chain’s largest beer supplier. JD Wetherspoon (JDW) will be ditching its 41-year association with brewer Heineken in favour of products from Budweiser Brewing Group. Beers including Budweiser, Stella Artois, Corona and Bud Light will be on offer at JDW [...]
Barclays, Innocent and Ecotricty named in new ‘sport for good’ index November 8, 2021 Barclays and drink maker Innocent are among five British companies to be named on the inaugural Laureus Sport for Good Index, which will be announced today. Energy providers Octopus and Ecotricity and renewable running shoe brand Hylo Athletics are the other UK companies on the global list of brands that deliver social or ecological impact [...]
World’s largest brewer AB InBev upgrades earnings growth forecast after success in Brazil October 28, 2021 Budweiser maker AB InBev has upgraded its earnings growth forecast for 2021 after it reported a surprise jump in profit. An unexpected third-quarter profit increase came after the world’s largest brewer’s beer sales were boosted by Brazilian consumers. The Belgium-based brewer said on Thursday it anticipated EBITDA to grow between 10 per cent and 12 [...]
Heineken sales lower than expected after Vietnam lockdown October 27, 2021 Brewing behemoth Heineken posted a steeper than expected decline in third-quarter beer sales after coronavirus restrictions in Vietnam. Lockdown measures slashed volumes in Vietnam, one of its top three markets, by more than half. The brewer said it sold 5.1 per cent less beer on a like-for-like basis than a year earlier, with Asia-Pacific sales [...]