Europe’s Terrible Weather Is Bad News for Carlsberg and Heineken
- Rain also hitting performance of U.K. retailers, says trader
- Heineken, Carlsberg fall from record highs this week
Photographer: Freya Ingrid Morales/Bloomberg
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Carlsberg A/S and Heineken NV may have closed at fresh highs this week, but persistent bad weather in Europe is killing the craving for pitchers of cold beer on a hot summer’s day.
“Nobody is outdoors having a drink,” Keith Temperton, a sales trader at Tavira Securities Ltd., said in an emailed response to a Bloomberg query. “The bad weather in Europe is weighing on brewers.”