Investors will raise a glass to Heineken, the world’s third biggest brewer, which has announced a 3pc rise in first half group revenues and a 5pc jump in group operating profits to €1.45bn, beating analysts expectations.
The Amsterdam-based company, which owns Fosters, Kronenbourg, Strongbow and Bulmers, as well as 1,300 pubs in the UK, has the emerging markets to thank: while sales in Western Europe have continued to fall, operating profits in emerging markets surged 7pc and now account for half the group’s earnings.
Meanwhile rival Danish brewer Carlsberg has announced Kr3.44bn (£393m) in operating profits between April and June, down from a year earlier and lower than forecast.
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