No compelling case to own Diageo right now, says Citi
22nd Apr 2024 07:32
(Sharecast News) - Diageo's stock was underperforming the wider market on Monday, with comments from Citi likely weighing on sentiment after the bank said it doesn't see upside despite a big drop in the shares over the past year.
Read moreDiageo names Sir John Manzoni as next chair
19th Mar 2024 07:04
(Sharecast News) - Diageo has announced that non-executive director and former Cabinet Office official Sir John Manzoni will step in as its new chair when Javier Ferrán retires from the head of the board next year.
Read moreLondon close: Stocks finish positive as US inflation moderates
29th Feb 2024 16:05
(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.
Read moreDiageo exploring sale of three non-core brands including Pimm's - report
22nd Feb 2024 15:17
(Sharecast News) - Drinks giant Diageo is reportedly exploring the sale of a trio of non-core brands including Pimm's.
Read moreLondon close: Stocks mixed as US payrolls come in red-hot
2nd Feb 2024 16:59
(Sharecast News) - London's stock markets closed with mixed results on Friday, as investors were confronted by an unexpectedly strong US labour market as revealed in the latest US non-farm payrolls report.
Read moreDiageo kicks off search for new chairman - report
2nd Feb 2024 12:37
(Sharecast News) - Drinks giant Diageo has reportedly kicked off the search for a new chairman as it grapples with a sharp slowdown in sales in key growth markets.
Read moreLondon close: Stocks finish higher on raft of global data
30th Jan 2024 16:00
(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.
Read moreDiageo's first-half profits fall 11% on LatAm-Carribean weakness
30th Jan 2024 07:06
(Sharecast News) - First-half profits at Diageo fell by more than a tenth as weakness in the Latin American and Caribbean (LAC) regions persisted, but the drinks giant pointed to improving trading conditions in the latter part of the financial year.
Read moreLondon close: Stocks finish higher as US inflation cools
26th Jan 2024 16:21
(Sharecast News) - London's financial markets closed positively on Friday, as investors were buoyed by an optimistic consumer confidence survey and a lower-than-anticipated inflation reading from across the pond.
Read moreDiageo settles legal dispute with Sean Combs
16th Jan 2024 15:18
(Sharecast News) - Diageo said on Tuesday that it has agreed to resolve all disputes with Sean Combs, after the rapper accused the drinks company of racism and of neglecting their business agreements regarding the Ciroc Vodka and DeLeon Tequila brands.
Read moreCiti cuts targets for Diageo after surprising LatAm weakness
13th Nov 2023 08:37
(Sharecast News) - Citi has slashed its target price for Diageo by 15% after the drinks group's disappointing trading update on Friday, saying there's a risk of further cuts despite last week's derating.
Read moreLondon close: Stocks tumble on Powell comments as GDP stagnates
10th Nov 2023 15:45
(Sharecast News) - London markets declined on Friday as investors reacted to hawkish remarks by Federal Reserve chair Jerome Powell made overnight.
Read moreDiageo warns of slowdown as LatAm-Carribean sales drop
10th Nov 2023 07:23
(Sharecast News) - Drinks giant Diageo saw shares plummet on Friday after warning of a slowdown in growth in the first half due to a weaker performance in Latin America and the Caribbean.
Read moreBAT poaches Diageo president to be new CFO
2nd Nov 2023 07:34
(Sharecast News) - Tobacco giant British American Tobacco said on Thursday that it is stealing back a BAT veteran from Diageo to serve as its new chief financial officer.
Read moreDiageo on track despite persistent cost pressures
28th Sep 2023 07:28
(Sharecast News) - Drinks giant Diageo said on Thursday it remained well-positioned to deliver on its guidance, despite ongoing cost pressures and macroeconomic uncertainty.
Read more