Heineken NV shares plunged after the Dutch brewer cut its earnings forecast on weakening consumption following double-digit price increases. Operating profit slumped 22 percent on an adjusted basis in the first half, the Amsterdam-based brewer said Monday. Beer volume dropped more than expected as Heineken boosted pricing by almost 13…
The FTSE 100 index closed Friday flat, rising only 2 points to 7694, as a drop in mining and oil-exposed stocks offset a positive round of corporate earnings. AstraZeneca was the index s main.
In his latest research note, analyst Emma Letheren confirms his recommendation. The broker RBC is keeping its Neutral rating. The target price is unchanged at GBX 3800.