Trending tickers: Heineken | Brent crude | Ocado
A look at the stocks making headlines on Monday
Heineken (HEIA.AS)
Brewer Heineken reported a pullback in beer sales in its first half on Monday. The company put a 5.6% second quarter decline to disappointing performance in Vietnam and socio-economic volatility in Nigeria affecting consumer off-take accounted for over half of the decline in the first six months.
The company said consumer demand had been hit by price increases. Heineken said it made “significant price increases” at the start of the year in response to “unprecedented levels of commodity and energy inflation”.
It also cut its outlook for full-year profit growth.
Stock dropped more than 6% in Amsterdam on Monday morning following the report.
Oil gains with Brent crude (BZ=F)
Oil prices were set for the biggest monthly gains in over a year in July, hovering at three-month highs in the last trading session of the month.
Brent Crude (BZ=F) was sitting at around $85.50 (£66.48).
The moves come on expectations that Saudi Arabia will extend its output cuts into September. The nation has already cut output by 1 million barrels per day.
Ocado (OCDO.L)
Ocado's stock was one of the top movers in the FTSE 100 (^FTSE) again on Monday, with the grocery tech provider losing around 5% of its value by late-morning time.
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The stock appears to be pulling back following a strong week of gains. On Thursday the company announced changes to its board including the CEO of Ocado Solutions Luke Jensen saying he will step down from his role. Jensen has been at the company since 2017.
Last week it was also revealed that Ocado had settled a three-year row over warehousing tech with Norwegian rival AutoStore (AUTO.OL).
According to Hargreaves Lansdown data Ocado stock is up 90% on the year.
Watch: Ocado shares soar on rumors of Amazon takeover bid
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