Diageo interim profit nudges up as organic sales rise
28th Jan 2016 07:54
(ShareCast News) - Diageo posted a slight rise in first half pre-tax profit despite a drop in revenue, as organic sales grew more than expected. The drinks company said pre-tax profit edged up to £1.78bn in the six months ended 31 December from £1.64bn in the same period a year ago, as revenue slipp
Read moreSupermarket sales slip over Christmas, Kantar finds
12th Jan 2016 08:01
(ShareCast News) - UK supermarket industry sales over the festive period fell by 0.2% on last year, though Sainsbury's continued to grab market share along with the ever-rising discounters. Market data from Kantar Worldpanel for the 12 weeks ending 3 January found Sainsbury's increased sales by 0.8%
Read moreDiageo offloads major wine interests
4th Jan 2016 07:19
(ShareCast News) - Diageo was ringing in 2016 on Monday with the completion of the sale of its major wine interests. The FTSE 100 beverage multinational had previously announced its intention to sell the US-based Chateau and Estate Wines and the UK-based Percy Fox arm, to Treasury Wine Estates In O
Read moreEx Diageo CEO said to be exploring takeover of AB InBev's Peroni and Grolsch
14th Dec 2015 17:24
(ShareCast News) - Former Diageo chief executive Paul Walsh is reportedly looking into a £2bn bid for beer brands Peroni and Grolsch. Walsh is said to be in the early stages of working with buyout firm TPG Capital on an offer for the products, which are currently owned by Anheuser-Busch InBev, Sky N
Read moreLondon pre-open: Stocks seen touch lower as investors eye Fed
14th Dec 2015 07:29
(ShareCast News) - London stocks are set to open lower on Monday, taking their cue from losses in Asia, as weaker oil prices and this week's interest rate decision from the Federal Reserve keep investors on edge. The FTSE 100 is expected to open four points lower than Friday's close at 5,948. "Glob
Read moreGuinness Nigeria appointed Diageo exclusive distributor
14th Dec 2015 07:19
(ShareCast News) - Diageo has appointed Guinness Nigeria as its exclusive distributor of its international premium spirits brands. The FTSE 100 drinks company announced on Monday that Guinness Nigeria, in which Diageo has a 54.3% shareholding, will become the exclusive distributor of its internation
Read moreConsumer companies will suffer from exposure to EMEA, says Moody's
7th Dec 2015 14:00
(ShareCast News) - Companies in consumer-facing industries like beverages and clothing with strong exposure to Europe, the Middle East and Africa (EMEA) are going to lag global sales and profit growth in 2016, Moody's has warned. The credit agency said the slowdown in emerging markets, increasing pr
Read moreFriday broker round-up
20th Nov 2015 09:58
(ShareCast News) - South32 Limited: UBS downgrade to neutral, trims target price to 67.00p. Vedanta Resources: UBS downgrades to neutral, cuts target price to 400.00p. Imi: Nomura upgrades to buy, bumps down target price to 955.00p. Diageo: JP Morgan Cazenove upgrades to overweight, lifts target p
Read moreDiageo reiterates full-year guidance
10th Nov 2015 14:36
(ShareCast News) - Diageo reiterated its full-year guidance ahead of an investor confidence in New York scheduled for 11 November focused on its operations in North America and emerging markets. The owner of the Smirnoff and Gordon's brands saw improved "momentum" in the first four months of the yea
Read moreSunday newspaper round-up: Pressure on sterling, steel suppliers and Sajid Javid
8th Nov 2015 15:41
(ShareCast News) - The pound could plunge against the dollar to levels last seen during the financial crisis due to the increased likelihood of a US interest rate rise. Ever more economists predict December will see the Federal Reserve lift interest rates for the first time in years, while the Europ
Read moreDiageo sells more wine assets and agrees Argentinian spirits partnership
5th Nov 2015 14:02
(ShareCast News) - Diageo has sold off more of its wine assets for an amount described as "not material" after deciding earlier this year that wine was "no longer core". The FTSE 100 confirmed on Thursday that it has agreed the sale of its Argentinian wine interests, including Navarro Correas and Sa
Read moreWednesday broker round-up
4th Nov 2015 09:32
(ShareCast News) - Weir Group: RBC Capital Markets upgrades to sector perform, raises target price to 1200.00p. UBS reiterates to buy, cuts target price to 1600.00p. Goldman Sachs reiterates to buy. Target price: 1550.00p. Spirent Communications: Citigroup reiterates to buy, cuts target price to 90.
Read moreThursday broker round-up
29th Oct 2015 09:10
(ShareCast News) - Diageo: Credit Suisse upgrades to outperform, bumps up target price to 2100.00p. Meggitt: WH Ireland downgrades to reduce. Centrica: Citigroup upgrades to buy. Target price: 260.00p. Bae systems: Credit Suisse downgrades to neutral, cuts target price to 460.00p. Wpp: JP Morgan
Read moreBroker tips: Diageo, Icap, ABF
16th Oct 2015 15:27
(ShareCast News) - HSBC initiated coverage of Diageo at 'hold' with a 1,830p price target, which implies 1% downside to the current share price. The bank said the stock is currently trading at 19.5x its calendar 2016e EPS of 93.97p, in line with the peer group PE average, and it would wait for a mor
Read moreFriday broker round-up
16th Oct 2015 11:48
(ShareCast News) - Icap: Barclays downgrades to equal-weight, cuts target price to 500.00p. Diageo: HSBC starts new coverage with a hold, sets target price at 1830.00p. Centrica: RBC Capital Markets reiterates to outperform, bumps down target price to 280.00p. Gkn: Berenberg Bank reiterates to buy,
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