MARKET TALK: Diageo Pension Funding Deal Cash Neutral - Shore

1st Jul 2010 08:11

0711 GMT [Dow Jones] Diageo (DGE.LN) announces agreement with the UK Diageo Pension Scheme on a 10-year funding plan. However, given that the company states that the impact of the new arrangement and the ongoing negotiations are expected to be cash neutral and for there to be no impact on the net assets of the company, "then we do not expect this announcement to be material for the share price," says Shore Capital. Has a buy rating on the stock. Shares -0.7% at 1052p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 01, 2010 03:11 ET (07:11 GMT)