Heineken NV
Beyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upside
Dutch tech behemoth ASML has been a favorite among investors in recent years, but Goldman Sachs has adopted a cautious stance on the stock and removed it from its conviction list of top picks. This follows a “weak earnings update” in the third quarter, the investment bank’s analysts wrote in a Nov. 4 research note. […]
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European stocks close lower as traders focus on earnings and bond yields
Canada’s central bank cuts interest rates by 50 basis points Canada’s central bank on Wednesday took a big step in easing monetary policy by cutting its key benchmark rate by 50 basis points to 3.75%. The Bank of Canada said it expects the global economy to expand at a rate of about 3% over the […]
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Heineken shares fall 7% after first-half profit miss
In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Justin Sullivan | Getty Images Heineken shares opened nearly 7% lower on Monday, after the brewing giant’s first-half profit growth came in weaker than analysts had expected. The company’s stock was trading down 6.7% at 9:30 a.m. […]
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Athletic Brewing raises $50 million as non-alcoholic wave sweeps brewing
Company founder Bill Shufelt (left) and head brewer John Walker pause at the Athletic Brewing’s non-alcoholic brewery and production plant on March 20, 2019 in Stratford, Connecticut. Spencer Platt | Getty Images Leading non-alcoholic brewer Athletic Brewing Company announced Tuesday it’s raised an additional $50 million in equity financing in a round led by General […]
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Goldman Sachs just included shares to its top rated Asian picks, providing one particular more than 45% upside
Goldman Sachs has refreshed its conviction record of top shares in Asia Pacific this month, including some names and getting rid of many others. The bank continues to be optimistic on the location, noting that it has a solid outlook this quarter. “Five variables are probably to affect Asian market performance in 2Q: the start […]
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Heineken sees 2023 earnings improve regardless of Europe weak point
Heineken, the world’s next-greatest brewer, repeated its forecast of a financial gain improve this year irrespective of weakness in Europe, as it described a higher-than-expected 2022 profit on the again of a recovery in beer consuming to pre-pandemic stages. The Dutch-based mostly organization whose brand names involve Tiger and Sol said working financial gain would […]
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Non-alcoholic beer to continue growing in 2023, Athletic Brewing Company CEO says
The start of ‘Dry January,’ a month when many people avoid drinking alcohol, typically brings a heightened level of attention to non-alcoholic drinks. But the CEO of one of the leading non-alcoholic beer companies said that the demand for non-alcoholic brews is booming well beyond a single month. “This is the moment we’ve been waiting […]
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Heineken careful as Europe’s beer ingesting starts off to slow
Heineken mentioned it has witnessed indications of slowdown in need for its beer in some European marketplaces immediately after its third-quarter gross sales rose by considerably less than expected. Image by Alex Tai/SOPA Pictures/LightRocket via Getty Photographs Heineken NV, the world’s 2nd-premier brewer, has noticed indicators of slowdown in demand for its beer in some […]
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Sorry, hard seltzer — beer companies are into canned cocktails now
Boxes of Cutwater Tiki Rum Mai Tai canned cocktails in a retail store in Pleasant Hill, California, February 11, 2022. Gado | Archive Photos | Getty Images Hard seltzer has lost its fizz. Now canned cocktails are all the buzz. Also known as ready-to-drink, or RTD, cocktails, the canned drinks were the fastest-growing spirits category last year, […]
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Molson Coors to return to the Super Bowl for the first time in more than 30 years
Molson Golden and Coors Light beer bottles are pictured at the Asylum bar in New York. Andrew Harrer | Bloomberg | Getty Images Molson Coors Beverage will return to the Super Bowl next year, making its first appearance during the big game in more than 30 years. The move comes after archrival Anheuser-Busch InBev announced […]
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