Heineken shares slump as customers balk at brewer’s hiked prices

Heineken shares fell on Wednesday after the Dutch brewer reported a slump in the volumes of beer it sold, caused by customers balking at higher prices. 

The Amsterdam headquartered company, which makes beer brands including Red Stripe and Birra Moretti as well as its namesake lager, saw its volumes drop 4.7% year-on-year, to 242.6 million hectoliters (mhl), following a series of hikes that saw its average prices increase by 10.2% worldwide.

“Strong…