The Latest Breaking News from Heineken

The drinks company warned pub owners on Friday that they would be increasing keg prices by the equivalent of 17c per pint from December 1 due to the "unprecedented cost increases across the entire supply chain"

Heineken Ireland confirmed that a price increase on all of its draught products will be introduced to "enable us to more closely reflect the cost of producing and supplying our products."

Drinks going up include Heineken, Birra Moretti, Orchard Thieves, Coors, Fosters, Beamish and Murphys.

The demand for beverages remains stable irrespective of economic conditions. Therefore, amid the rising recession concerns, beverage stocks could help protect one’s portfolio with stable performance and reliable dividend payments. Thus, buying and holding fundamentally strong beverage stocks, The Coca-Cola Company (KO), PepsiCo (PEP), and Heineken (HEINY), could be wise.…

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Benzinga

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