Diageo doles out interim dividend payment but stops share buyback for 2020
Closures of pubs, bars and other on-trade venues is hitting the maker of Smirnoff, Johnnie Walker and Guinness but off-trade is picking up
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 3 of 4
Diageo upgraded to ‘buy’ by Liberum as it is "likely" to survive coronavirus pandemic
Analysts kept their target price of 3,100p for the drinks giant unchanged
Diageo weak as Guinness maker warns of £200mln profit hit from coronavirus outbreak
The outbreak has resulted in “the closure of many hospitality and retail outlets”, particularly in China, where the virus originated
Diageo a 'buy' for its strong US and low Asia exposure - Kepler Cheuvreux
The Smirnoff and Ketel distiller is less exposed to Asia than some of its peers, which “limits the risk of near-term disappointing trading in India” and any potential impact from the coronavirus, the analysts said
Diageo cools full-year guidance after soft first half
For the six months to 31 December, sales rose 4% to £7.2bn while profit before tax dropped 6% to £2.6bn
Diageo mixing its drink sales well, says RBC Capital
Analysts expect the Johnnie Walker whisky maker's cash conversion to improve as it completes a £150mln investment in Scotch Whiskey tourism, including a visitor centre in Edinburgh, and a $130m expansion of its Bulleit distillery
Diageo cautions it is not immune to changes in global trade policy
"Fiscal 20 has started well as we continue to build on the momentum and consistent progress we are making in the execution of our strategy."
Diageo serves up new cash return as gin and 'premiumisation' trends continue
Shares in the drinks giant wobbled as sales growth slowed slightly in the second half of its financial year
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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
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Day ahead preview: Unilever, National Express, Diageo, ECB
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
AG Barr finance director and his wife snap up £65,000 worth of shares
Stuart and Amanda Lorimer have made their move after the share price hit 18-month lows following last week’s shock profit warning
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
What makes a company want to rebrand?
As Paddy Power Betfair announces its intention to change its group name to Flutter Entertainment, what exactly pushes a company to risk an image change?
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
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IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
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Hotchpotch of blue-chip results set to flow in coming week from likes of Rolls-Royce, ITV, WPP
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Diageo raises share buybacks and dividend as operating profit and sales beat forecasts
Diageo said it continues to expect to deliver "mid-single digit" organic net sales growth for the year
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FTSE 100 closes higher, bolstered by resource stocks
The premier index of leading shares added around 27 points to finish at 6,968
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First big wave of corporate results to hit on Thursday: BT, Unilever, Shell, Diageo to stand out
Aside from the tide of blue-chip results, some big second line news will also flow on Thursday from the likes of Britvic, Dairy Crest, Premier Oil, Rank Group, and Renishaw
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FTSE 100 closes lower as trade worries dent global equities; Ocado top Footsie gainer
A deceptively dull start by the Footsie gradually turned into something a bit more dramatic
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Quality and quantity on the company news front, but Brexit vote, Fed rates, US jobs to be key
The cream of the corporate updates will likely come from blue-chips BT Group, Royal Mail, Royal Dutch Shell, Unilever and Diageo
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Four stocks to fill your stockings with this holiday season
Some companies stand to gain more than others over the festive season, and with the help of The Share Centre, we’ve picked a handful of stocks to take a look at this year
Diageo sells off 19 brands including Seagram’s whiskeys to Sazerac for US$550mln
Among the brands included in the transaction are Seagram's VO, Seagram's 83, Seagram's Five Star, Parrot Bay, Romana Sambuca, Popov, Yukon Jack, Goldschlager, Black Haus, Booth's and John Begg
Diageo raises estimated impact of exchange headwinds on 2019 profits and sales
"The year has started well and performance is in line with our expectations,” Diageo chief executive Ivan Menezes said.
FTSE 100 closes higher as US stocks surge
The UK's premier index closed up around 36 points at 7,367.
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Diageo expected to be the toast of Thursday’s market news
Diageo and Lamprell are expected to be among the names under focus in Thursday's schedule.
FTSE 100 closes lower after lacklustre day; trade fears weigh
FTSE 100 closed down nearly two points on the day at 7,302
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UK inflation and retail sales data eyed, plus trading updates from Kingfisher and Ocado
Aside from the UK data and the retail updates, the Week Ahead will also bring news from the likes of Diageo, Dairy Crest, Smiths Group, Lamprell, and SIG
Diageo added to Citi’s European focus list, saying market “failing to appreciate” positive portfolio mix
Analysts at the investment bank said the owner of brands such as Guinness and Smirnoff could derive “incremental value creation” through its beer ranges
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Cineworld investors hope World Cup and hot weather failed to keep customers away in first-half
The day ahead sees Cineworld and Legal & General report their first-half results
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HSBC will ring down the curtain on the bank's interim reporting season, but other financials also in focus
Aside from HSBC's numbers, Prudential, L&G, Standard Life Aberdeen, and Hargreaves Lansdown are all on the results docket in the coming week
Diageo shares lose their fizz after champagne business disappoints
Moet Hennessy was singled out as the laggard in the drinks maker’s portfolio
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
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FTSE 100 starts week by ending lower as geopolitical woes hit sentiment...again
In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
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Apres moi le deluge: Flood of blue chip results to dominate in coming week, including BT Group
Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
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FTSE 100: Forget Brexit, here’s what we’ll learn from a bumper earnings week
We have a deluge of earnings statements from some of Britain's biggest businesses. Below we discuss the themes likely to emerge from the mid-term reporting season
Diageo ready to hit the accelerator after years of sluggish growth, Goldman Sachs believes
"Diageo’s shares are up 2% ytd in euros, outperforming European Staples by 3 pp; however, it has underperformed its spirits peers by 61% since 2015, having failed to keep pace with their accelerating sales growth"
Investments and investor services
FTSE 100 firms on Friday as Trump's UK visit dominates headlines
In the currency markets, the pound gained 0.07% against the Euro and was up 0.11% against the US dollar
Ashtead appoints Paul Walker as new chairman
The FTSE 100-listed equipment rental company said Chris Cole, who has been chairman of Ashtead since 2007 and previously as non-executive director, will retire from the company on September 11
Diageo submits proposal to up stake in Chinese baijiu maker Shuijingfang
The FTSE 100 drinks company said it had submitted a price of 62 Chinese renminbi (US$9.5) per share, although clarified that the proposal did not constitute a formal offer
Diageo upgraded to 'buy' by Citi after 'encouraging' update
Citi raised its rating on Diageo to ‘buy’ from ‘hold’ with a target price of 3,000p
Investments and investor services
FTSE 100 closes in red, despite US market turnaround
In London, the FTSE 100 closed down around 29 points at 7,252
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Another day, another bank reporting results - Barclays the next up to the oche
Day ahead includes a swathe of FTSE 100 results, including from the likes of Barclays PLC, British American Tobacco PLC, BAE Systems PLC, and Centrica PLC
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Banks to feature strongly in deluge of blue chip earnings, including Lloyds, RBS, Barclays
Week ahead includes a deluge of blue chip results, notably from the banking sector, including numbers from HSBC PLC, Barclays PLC, Lloyds Banking Group PLC, and Royal Bank of Scotland PLC
Diageo shares fall as RBC downgrades rating and cuts target price
“Cash conversion, although much improved, looks set to remain in the bottom half of a peer group of consumer staples businesses,” RBC said
FTSE 100 closes higher, just, with miners in support
The FTSE 100, dragged higher by the miners, got off to a strong start today, but closed juts about six points higher
Gin and Tequila sales boost Diageo's first-half earnings
The company warned that it expects foreign exchange headwinds to dent full-year results
Investments and investor services
FTSE 100 closes lower as Euro gains ground
Britain's blue-chip benchmark finished around 27 points lower at 7,615.
Investors to look for clarity on Fox takeover in Sky’s trading update on Thursday
The proposed £11.7bn takeover of Sky from Fox is all becoming a bit messy, so investors will be hoping the UK broadcaster can shed some light on whether a takeover from anyone is likely
Investments and investor services
FTSE 100 closes in the red as sterling booms
“If he intended it, Treasury Secretary Steven Mnuchin has done a first class job of whacking the dollar,” declared Neil Wilson at ETX Capital. .
Bacardi agrees buyout of high-end tequila maker Patron Spirits in US$5.1bn deal
Bermuda-based, family-owned Bacardi was founded in Cuba in 1862, selling its namesake rum. It now owns some 200 brands including Bombay Sapphire gin and Grey Goose vodka and has owned a minority stake in Patron since 2008
Investments and investor services
FTSE 100 closes in red amid low volatility
The FTSE 100 closed around 15 points lower - at 7,715
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Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
Investments and investor services
Parallel Media and Physiomics lead small cap market gainers
Some of the biggest risers and fallers in London on Wednesday
Investments and investor services
FTSE 100 closes lower as pound firms amid Brexit bill breakthrough
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
Diageo to reopen two 'lost' Scottish whisky distilleries to meet strong single malt demand
Strong demand for single malt whiskies has fuelled Diageo's decision to revamp the two remote Scottish distilleries
Diageo falls as it says first-half sales growth to be hit by China, India factors, although full year expectations unchanged
Ivan Menezes, Diageo's chief executive said: "As previously announced, we are up-weighting our investment behind US Spirits and scotch, and as a result we expect our organic operating margin expansion will be weighted towards H2"
Investments and investor services
FTSE 100 closes a tad lower as focus turns to Fed
Sterling's strength weighed on FTSE 100 stocks today
Berenberg downgrades Diaego to 'hold', thinks US alcohol consumption set to stagnate
Berenberg’s analysts pointed out: “Over the past decade, US alcohol consumption has followed a more positive path than in other western economies – over the 2005/15 period, it increased by 15% versus a -7% drop in Germany ... and -6% in the
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
FTSE 100 fagged out as US Food and Drug Administration targets nicotine levels in cigarettes
Despite the beating meted out to IMPs and BATs, the Footsie rallied in the last half hour to trim its heavy losses
Diageo - Up 7% and trading ahead of expectations, but still being whupped by its rivals
Liberum’s price target is £20 a share, which is £4.32 below the current price
Diageo surges on positive performance in all territories
Net sales growth was better than expected while the group felt confident enough to raise its margin improvement target
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FTSE 100 closes nine points lower as AstraZeneca weighs
It's been a busy day here in London; 15% of FTSE 100-listed companies have had some sort of meaningful news out...
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Lloyds to report strong quarterly figures in first results since government sold remaining stake
Lloyds Banking Group and Royal Dutch Shell are among a slew of companies reporting earnings on Thursday
Investments and investor services
Patience still a virtue for Aurora Investment Trust
Aurora is now worth £70mln, from £15mln, when Phoenix was appointed in January 2016
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Lloyds and Barclays to dominate manic week of corporate earnings
Week ahead: Lloyds, Barclays, AstraZeneca, GlaxoSmithKline, Sky, Reckitt Benckiser
Diageo suffers a tequila hangover as brokers react to US$1bn purchase of super-premium brand part-owned by George Clooney
US investment bank Citi said the brand acquisition “should help Diageo’s medium term growth in US, but this comes at a very high price”
Diageo goes Hollywood with US$1bn deal for George Clooney’s Casamigos tequila
Clooney will stay on at Casamigo follow the US$1bn deal.
George Clooney sells his tequila business for $1bn
The London listed firm will pay at first $700 million, with the potential for another $300 million based on the firm's performance in the next decade.
FTSE 100 rises as May's new government is DUPed
Despite the worst case scenario in the General Election, the FTSE 100 rose strongly
Investments and investor services
FTSE 100 finishes little changed after "Super Thursday" underwhelms
The Footsie was back in black - but only just - thanks to precious metals miners
Footsie up ahead of close; unrest at ITV hits shares
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie
FTSE 100 firm but off highs as New York makes dull early progress
With around an hour and a half of trading to go in London, the FTSE 100 was up about 11 points at 7,308, holding off the day’s peak of 7,322
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Rookie Investor: The story so far
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FTSE ends lower as Wall St adds to ex-divi stock blues
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
Liberum pours cold water on Johnnie Walker-owner Diageo
Liberum reckons the current share price of £22 or thereabouts already factors in a successful turnaround.
Cheers! Diageo opens higher after interims beat expectations
The Tanqueray owner saw operating profits and sales both increase in the six months to 31 December
FTSE 100 shares end softer but smaller caps gain
FTSE 100 ended softer on Thursday following sharp falls by Sage Group and Unilever, while mid- and small-cap stocks gained
Investments and investor services
Sky, Unilever and Diageo all on the agenda for a busy Thursday
BT Group shocked investors earlier this week so many will be waiting on tenterhooks to hear whether TV and broadband bundling rival Sky is faring better.
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Small decline in 2016 revenue tipped for Unilever
Also reporting: Diageo, Daily Mail, Sky, Anglo American, Lonmin, St James's Place and Whitbread
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Of BT's battles with Ofcom & Sky, and Unilever's face-off with supermarkets
Lots of big names reporting this week including: BHP, Dixons Carphone, easyJet, Diageo, Sky, Unilever and BT
New chairman will bring "a private equity lens" to Diageo, Jefferies asserts
the broker sees Diageo evolving into a different company under new Javier Ferran, “a hands-on, heavyweight industry veteran”.
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Diageo off the rocks
Diageo sees stronger 2016/17 despite cost impact
Spirits and Guinness maker said the new financial year had begun well
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Brokers: IAG a "cause for concern" says Liberum
For analysts at Liberum there were some “causes for concern” at British Airways owner IAG
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UK shares end softer as demand surges for gilts on rate cut talk
London's blue-chip stocks ended lower on Thursday after a session spent mostly suspended beneath the previous closing level as investors sought safer haven in UK government bonds, or gilts
Banking and oil woe drags FTSE 100 Index lower
The FTSE 100 Index was 6.56 points adrift at 6,743.87 in lunchtime trading
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Footsie treads water amid negative news from Lloyds
The FTSE 100 Index was 3.2 points adrift at 6,747.24 in early trading
PREVIEW: Investors look for signs of synergies from Shell's acquisition of BG
To misquote Prince, it’s just another frantic Thursday with around one-sixth of the FTSE 100 companies set to update the market.
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Potential for Primark in US, says Investec, which repeats 'buy' on ABF
South African bank Investec repeats a 'buy' rating and targets 3,750p on ABF
FTSE 100 closes above Brexit crisis levels
London’s FTSE 100 index on Wednesday closed above “Brexit” crisis levels for the first time since the morning of the In-Out European Union referendum polling last Thursday
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Brokers pick their winners post-Brexit
Broadcaster ITV was downgraded, as was airline group IAG
Investments and investor services
BREXIT LIVE: City reaction as Britons choose leave
That's it from us for a very volatile Friday, more Brexit reaction to follow on Monday.
BREXIT WATCH: 'Brexit will hit Capital' warns Osborne
The chancellor warned a vote to leave would be a major blow to the health of the UK economy and the Capital.