HSBC starts Diageo at 'hold', looks for more attractive entry point
16th Oct 2015 09:47
(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 moreLondon pre-open: Stocks seen lower; wage growth figures eyed
14th Oct 2015 07:42
(ShareCast News) - London stocks are expected to open lower on Wednesday as worries about global growth weigh on investors' minds and following weak Chinese inflation data. The FTSE 100 index is seen opening down 47 points at 6295. On the data front, UK claimant count and average weekly earnings a
Read moreDiageo sells wine businesses for 320m pounds
14th Oct 2015 07:07
(ShareCast News) - Drinks giant Diageo has agreed to sell two of its wine business, including brands such as Blossom Hill and Yellow Tail, for $552m to US-based Treasury Wine Estates as it continues to sell off non-core assets. The sale of US-based Chateau and Estate Wines and the UK-based Percy Fox
Read moreThursday newspaper share tips: Stocktake on Tesco
8th Oct 2015 10:30
(ShareCast News) - On Wednesday, Tesco announced its interim operating profit dropped as discount retailers continued to take their toll. It also warned the grocery market remained challenging. So on Thursday, the newspaper pundits decided it was time for a stocktake on the supermarket. The Telegrap
Read moreDiageo sells brewing stakes to Heineken
7th Oct 2015 07:44
(ShareCast News) - Diageo has sold its interests in Desnoes & Geddes and Guinness Anchor Berhad to Heineken NV and bought additional shares in Guinness Ghana Breweries. The sale of Diageo's 57.87% shareholding in Desnoes & Geddes increases Heineken's stake in the company to 73.32%, while the sales o
Read moreDiageo appoints Xerox's Kathryn Mikells as CFO
5th Oct 2015 14:09
(ShareCast News) - Drink giant Diageo has appointed Kathryn Mikells as chief financial officer based in London with effect from 9 November. Mikells joins the company from Xerox Corporation, where she is currently CFO, a position she has held since May 2013. Diageo said Mikells has worked in a numbe
Read moreDiageo said to be planning sale of wine brands
30th Sep 2015 12:03
(ShareCast News) - Brewer Diageo is reportedly in talks about a sale of its wine brands as it responds to City pressure to improve its performance. According to Sky News, Diageo has in recent weeks accelerated plans to offload a portfolio including Blossom Hill and Piat d'Or, with Australian wine pr
Read moreLondon pre-open: Stocks to start lower after Chinese PMI data
23rd Sep 2015 07:23
(ShareCast News) - Investors were expected to focus on global manufacturing data and central bank talk on Wednesday after US stocks struggled to find their footing in the previous session. The Footsie was being called to start the day lower by 53 points to 5,882. As of 07:32 the Shanghai Stock Exch
Read moreWeaker currencies to hit Diageo 2016 operating profits
23rd Sep 2015 07:18
(ShareCast News) - Adverse exchange rate movements will hit Diageo's 2016 operating profits by £150m as demand for premium spirits is impacted in emerging markets, the drinks company said on Wednesday. "Therefore while currencies are weaker in these markets, we continue to believe that stronger volu
Read moreFootsie drops sharply, traders point to 'fat finger' error
18th Sep 2015 13:01
(ShareCast News) - Losses on London's top-flight index were being ascribed by some media outfits to a 'fat finger' error or an error in an automated trading system. Shares in BHP Billiton, BP, BT Group, Diageo, HSBC, Wolseley, Vodafone and British American Tobacco were among the affected stocks. Th
Read moreBroker tips: Drax, Rio Tinto, Diageo
11th Sep 2015 13:49
(ShareCast News) - Drax was under the cosh after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed its price target to 230p from 300p. It said that as regards the outcome of the EU's deliberations on whether to permit the proposed fixed price CfD for Drax's third unit conversio
Read moreExane BNP upgrades Diageo; says worst is behind company
11th Sep 2015 12:19
(ShareCast News) - Exane BNP Paribas has upgraded Diageo to 'outperform' from 'neutral' and lifted the price target 10% to 1,900p. "In a beverage sector which we continue to feel unenthusiastic about, we believe the worst is behind Diageo," said the French bank. It noted that Diageo has performed p
Read moreDiageo plans to acquire larger stake of Guinness Nigeria
9th Sep 2015 12:16
(ShareCast News) - Diageo has proposed to acquire an increased stake in Guinness Nigeria to 70% but maintain its listing on the Nigerian Stock Exchange. Guinness Nigeria confirmed an offer had been made by FTSE 100-listed Diageo to increase its equity stake from 54.3% up to a maximum of 70% at a max
Read moreFTSE 100 movers: Tullow recovers, Tesco and Morrison hit by Nielsen data
28th Aug 2015 14:04
(ShareCast News) - By mid afternoon on Friday, the FTSE 100 was almost exactly flat on the day, meaning despite all the drama of China's 'Black Monday', London's blue chips would end the week higher than they finished the Friday before. Leaving the rest in its wake by mid-afternoon was Inmarsat, aft
Read moreMorgan Stanley recommends adding exposure to European stocks
26th Aug 2015 09:33
(ShareCast News) - The ongoing weakness in emerging markets and China won't significantly dent the European economy, Morgan Stanley said in its most recent equity strategy note. The bank said it expects equities to be higher in three months, adding that current volatility in markets is likely to be
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