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Pint of beer tops £9 in London’s West End

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The cost of a pint of beer has reached an eye-watering £9 at a bar in London’s West End.

This surge in prices reflects a larger trend where the average cost of a pint has doubled over the past 15 years.

Industry tracker CGA’s Paul Bolton noted that these high prices aren’t limited to super-strong or exotic craft beers; they are the standard rates for draught pints. The most affordable pint, found in a survey of 90,000 drinking establishments, was priced at £1.85 in Hyde, Greater Manchester.

The UK’s average pint price has steadily risen over the years, hitting £4.30, compared to £2.30 in 2008. Had pint prices kept pace with inflation for consumer goods, the cost would be around £3.55.

CGA regularly monitors prices at hospitality venues across the UK, and this latest survey covers data from the 12 weeks leading up to August 5.

The significant price hikes have been attributed to increased costs for brewers, particularly due to rising energy and grain expenses following the commencement of the Ukraine war.

Research also indicates that only one in ten people believe a visit to the pub with friends is affordable. Nik Antona, from the Campaign for Real Ale, has called for the government to reduce the “huge burden” on brewers and pubs in response to these escalating costs.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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