Company
Diageo PLC
LON:DGE
Diageo is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits,wine and beer categories.
352 stories · page 2 of 4
Diageo gets downgrade from Deutsche Bank ahead of investor day
Sales growth targets look ambitious, says the German bank
Weight loss drugs such as Wegovy to fuel huge lifestyle changes predicts Jefferies
Winners could be airlines as people get lighter and clothes shops as people reboot their wardrobes to fit their slimmer profiles
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FTSE 100 Live: Stocks stage late rally to end higher
London's lead index closed up 8.63 points, 0.1%, at 7,601.85 while the FTSE 250 fell 121.55 points, 0.7%, at 18,098.68
Diageo hits profit targets thanks to premium spirit sales
George Clooney's Casamigos tequila among spirit company's best performers
Diageo positioned nicely for global surge in Scotch demand
Latin America and India driving global whisky consumption growth
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FTSE 100 closes higher after ECB rate hike
At the close, the FTSE 100 had added 26 points to reach a session high of 7,628 for a 0.3% gain on the day
FIVE at FIVE: Diageo dumps Dublin, Imperial makes gains; FTSE 100 closes higher; London tenants stung; Tesco’s massive profits
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
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FTSE 100 closes higher, Wall Street holds on after positive US GDP data
The UK's major index closed slightly higher on Thursday, up 16 points or 0.2% to finish at 7,761
Diageo shares cheap even with growth ‘normalising’ reckons Jefferies
Diageo will likely see growth “normalise” in 2023 according to Jefferies analysts, who think the shares are “inexpensive for the quality”
Diageo appoints investment bank to carry out £640mln share buyback
Credit Suisse recently calculated that Diageo had “scope for at least £2bn upside to capital deployment”, ie. more buybacks and M&A, while still cutting debt back to target
Diageo plans to raise stake in East African Breweries to 65%
The alcoholic drinks group said it does not intend to make a takeover offer for EABL
Credit Suisse raises estimates for Diageo amid upside risks to the drinks giant's US business
The Swiss bank's analysts said: "We estimate the US Spirits industry is growing 5-6% in recent months, and DGE is gaining share, led by its over indexation to the fast-growing Tequila category"
Diageo’s sales growth outlook trimmed, ‘overweight’ position upheld by Barclays
British alcoholic drinks company faces near-term headwinds, though US trading remains resilient
Diageo says new year has started well
The alcoholic drinks maker's shares were little moved in early trading
Diageo and Scotch whisky industry to thrive on potential UK and India free-trade agreement - broker
It owns 200 brands, with sales in over 180 countries, including the world’s best-selling Scotch whisky brand Johnnie Walker
Diageo tops sales estimates with 21.4% jump for full year
The world's biggest spirits maker clocked a strong performance in its super-premium brands as consumers traded up to more expensive alcohol types since the beginning of the pandemic
Diageo slapped with 'sell' rating as consumer spending hit expected
The shares are "priced for perfection", which analysts see as unlikely
Is it time to rethink alcohol as a consumer staple?
Whether premium spirit purchases will continue to be viewed as discretionary is up for review
Buy Diageo, Unilever and other 'dividend aristocrats' for highest investment returns, say analysts
Since 2020, dividend aristocrats have outperformed the rest of the market by 20%
Diageo to be hit hard by China lockdowns but long-term story intact, says Credit Suisse
Greater China accounts for 5% of sales, up from 2% in the 2015 financial year, and with management expecting growth to 10% over time
Diageo launches US$2.9bln bond issuance
Diageo last issued bonds in the European market in 2020
Diageo launches new £1.7bn share buyback
Buyback back is part of a phased programme worth £4.5bn i total
US alcohol market could face reform to help new entrants
New merger and acquisition scrutiny, different tax rates and lifting regulatory burdens to new entrants in the wine, beer and spirits market would make the market fairer for new brewers, a Treasury report said
Diageo sales jump as pubs and bars restock after lockdown
The world's biggest spirits maker said net sales grew by 15.8% in the first six months to £8bn
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FTSE 100 ends higher as bank stocks advance
UK blue chip index defies downbeat expectations while US investors welcome strong growth in fourth quarter
Diageo kicks off next phase of its monster share buyback programme
Further execution phases of the return of capital programme, using either share buybacks or special dividends depending on market conditions, will be announced in due course
Diageo makes strong start to full year but expects markets to remain volatile
The spirits maker expects market volatility to persist in the near term, due to potential future waves of Covid-19, and said it is facing rising inflationary pressures, partly because of supply chain constraints
Plenty of reasons for optimism about Diageo, reckons Goldman Sachs
The near 18% organic revenue growth last year was very strong says the broker
Diageo tops up dividend 5% but more volatility expected in Asia Pacific, Africa and Latin America
Sales increased 8.3% on the previous year, led by a strong performance in North America
Invest in ‘dividend aristocrats’ and don't be tempted by high yields, says Credit Suisse
A quartet of top toffs for dividends in London were suggested, including Guinness maker Diageo
Blinded by stage lights? How to spot celebrity-backed businesses that won’t fail
UK authorities threatened to shut down Gwyneth Paltrow's wellness brand Goop over issues with its accounts, but there are plenty of famous people who have established successful businesses
Who are the kings of the share buyback in the FTSE 350?
Share buybacks are all the rage at the moment but it is not just Jerry Maguire whose maxim is "show me the money"
Diageo resumes share buybacks as trading recovery continues
“When we have excess cash, we have been clear that we will seek to return it to shareholders".
LVMH snaps up stake in Jay-Z champagne brand
The US rapper has agreed to sell a 50% stake in his Armand de Brignac brand to the Louis Vuitton owner for an undisclosed sum
Diageo tops up interim dividend as North America shows its spirit
European sales declined by 10%, as growth in Britain and northern Europe was offset by significant declines in Ireland, southern and eastern Europe because of higher exposure to the on-trade
Diageo now a ‘buy’ for Deutsche Bank over strong European beverages sector backdrop
The long-term growth opportunity for companies in the sector is “attractive, material and in many cases undervalued”, analysts say
Diageo upped to outperform as Credit Suisse predicts quick recovery
The Swiss bank said the owner of Guinness and Johnnie Walker had “higher exposure to the robust US market”, where industry growth is expected to remain elevated, as well as “lower exposure to the weaker travel retail channel”
Diageo toasts expanded gin portfolio with acquisition of the Chase Distillery
The Herefordshire-based spirits maker is known for its premium Chase GB Gin brand, as well as its potato-based vodka
Diageo double-upgraded to 'buy' by Jefferies in an upbeat review of European drinks sector after coronavirus pandemic
The US broker also raised its target price for the FTSE 100-listed drinks giant to 3,300p from 2,200p with the stock changing hands currently at 2,709.50p, up 1.1%
Diageo trading ahead of expectations thanks to strong US demand
Off-sales are robust while most on-trade outlets have now reopened.
Diageo buys Ryan Reynolds' US craft gin brand Aviation for US$610mln
Ryan Reynolds, Davos’ co-founder and Hollywood A-lister, will retain an ongoing ownership interest in the business.
Diageo keeps dividend but no guidance in sight
The board recommended a 42.47p per share payout to shareholders, flat on last year
Diageo serves up Johnnie Walker in new paper-based bottle
The spirits producer teamed up with Pilot Lite to launch a sustainable packaging technology company
Diageo, Burberry and other UK firms in firing line as US threatens more trade tariffs
Products being considered for new or additional duties include olives, beer, gin, cheeses, yoghurts, aircraft parts and leather handbags
Diageo weak as Credit Suisse downgrades, switches its preference from spirits to beer
The Swiss bank cut its stance for the FTSE 100-listed firm to ‘neutral’ from ‘outperform’ with a reduced target price of 2,900p, down from 3,450p
Diageo announces US$2.5bn bond issue
In its trading update earlier this month, Diageo boasted of its strong balance sheet; it could do with being a bit stronger, though, apparently
Diageo knocked to ‘sector perform’ as RBC says firm will no longer be able to grow margins faster than peers
The Canadian bank also expected firms across the sector to “spend quite a lot of time thinking about the best ways to safeguard the resilience of their businesses” and boost spending to withstand future shocks
UK dividend income 'at risk' of halving in 2020 due to coronavirus
A worst-case scenario, including announced cuts and at-risk payouts, would see dividends cut 53% from the forecast level to around £46.5bn