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Tuesday,02 August 2022 at 16:07

Heineken has warned drinkers that the price of a pint is set to rise as the world’s second biggest brewer seeks to cover soaring costs..
 
The Dutch company said it was taking significant pricing and revenue management actions to offset inflation.
 
Although the rise in costs has yet to translate into higher prices for consumers, such increases are inevitable, the brewer says.
 
The average price of a pint of draught lager has risen from £4.09 to £4.22 in the first half of the year.
 
UK & European markets pulled back slightly, tracking risk-off sentiment globally as investors assess whether last month’s rally has further to run.
 
U.S. stocks were mixed
as the tech-heavy Nasdaq traded on either side of the flat line while the S&P 500 and Dow nursed modest losses.
 
Oil slipped as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn.

Gold traded higher as the U.S. dollar inched higher.

Markets
At the close
FTSE 100 7,409 (-0.06%)
FTSE 250 19,874 (-1.02%)
DAX 13,449 (-0.23%)
At 16:45
Dow Jones 32,657 (-0.43%)
S&P 500 4,118 (-0.01%)
NASDAQ 12,399 +0.24%
Fixed Income
UK 10-YR YIELD 1.869
Exchange Rates
GBP/USD 1.221
GBP/EUR 1.197
Commodities
Gold $1,777 +0.34%
Brent $101.07 +1.16%
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

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