No cheers to brewing giant’s fall

The latest business news from lep.co.uk
The latest business news from lep.co.uk
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HEINEKEN, which owns former Scottish & Newcastle brands Strongbow and Kronenbourg 1664, has blamed unfavourable weather in Europe for a fall in profits over the summer.

The Dutch brewing giant said net profit in the three months to the end of September fell 4.8 per cent to 460 million euros (£363 million) compared to a year ago.

Its like-for-like sales were below expectations after edging up 0.2 per cent to 5.1 billion euros (£4 billion).