Diageo to increase its stake in Kenya's East African Breweries
14th Oct 2022 10:38
(Sharecast News) - Distilling giant Diageo announced on Friday that, through its wholly-owned indirect subsidiary Diageo Kenya Limited, it has served notice on East African Breweries of its intention to increase its equity stake up to 65%.
Read moreCredit Suisse stays at 'outperform' on Diageo, sees upside to US and APAC ops
12th Oct 2022 13:52
(Sharecast News) - Analysts at Credit Suisse reiterated their 'outperform' recommendation for shares of Diageo, telling clients that they spied "upside risks" to the spirits-maker's US and Asia Pacific businesses.
Read moreDiageo reports net sales growth across all regions at start of FY 2023
6th Oct 2022 07:11
(Sharecast News) - Spirits maker Diageo got off to a good start in its 2023 fiscal year, reporting organic net sales growth across all regions ahead of its annual general meeting.
Read moreDiageo full-year sales jump 21.4%
28th Jul 2022 07:28
(Sharecast News) - Drinks maker Diageo reported a jump in full-year sales on Thursday thanks to "resilient" demand and price increases.
Read moreDeutsche Bank downgrades Diageo to 'sell'
29th Jun 2022 11:51
(Sharecast News) - Deutsche Bank downgraded Diageo on Wednesday to 'sell' from 'hold' and cut the price target to 3,230p from 4,050p as it argued the stock was "priced for perfection" and "due for deceleration".
Read moreDirector dealings: Venture Life chair makes £50k share purchase
10th Jun 2022 12:45
(Sharecast News) - Mouthwash and haemorrhoid cream specialist Venture Life Group was on the list of buys on Friday, after its chair spent almost £50k on shares.
Read moreDiageo to sell Windsor business for £124m
25th Mar 2022 08:59
(Sharecast News) - Drinks maker Diageo has agreed to sell its Windsor business, including the W series, to a South Korean private equity group for KRW200bn (£124m).
Read moreDiageo suspends exports to Russia, Ukraine
3rd Mar 2022 09:47
(Sharecast News) - Drings conglomerate Diageo said it had paused exports to Ukraine and Russia, as the war between the two nations escalated.
Read moreDiageo serves up third phase of capital return programme
21st Feb 2022 08:14
(Sharecast News) - Distilling giant Diageo announced the start of the third phase of its capital return programme on Monday, of up to £4.5bn, to be completed during the 2023 financial year.
Read moreDiageo toasts 15.8% sales rise as spirits in favour
27th Jan 2022 07:20
(Sharecast News) - Brewer and distiller Diageo on Thursday reported a rise in first-half sales and profits as people quaffed more spirits at home during the Covid pandemic, but warned of persistent headwinds from the virus and supply-chain constraints.
Read moreMorgan Stanley reiterates 'buy' for FTSE 100, highlights 'defensive' qualities
24th Jan 2022 12:13
(Sharecast News) - Analysts at Morgan Stanley sounded a 'bullish' note on the outlook for the FTSE 100, highlighting its greater 'defensive' properties relative to rivals, higher dividend yields versus global peers, exposure to energy and record low expectations for growth in the profits of its constituent companies.
Read moreDiageo launches latest tranche of share buyback
26th Nov 2021 07:32
(Sharecast News) - Drinks giant Diageo said it had begun the latest tranche of its £4.5bn share buyback programme.
Read moreBarclays says Diageo's new forecasts underestimate its potential
18th Nov 2021 10:32
(Sharecast News) - Analysts at Barclays raised their estimates for Diageo's first half sales and profits, saying that they underestimated the company's potential.
Read moreBerenberg raises target price on Diageo following CMD
17th Nov 2021 12:04
(Sharecast News) - Analysts at Berenberg raised their target price on drinks maker Diageo from £37.0 to £39.0 on Wednesday following the firm's "upbeat" capital markets day.
Read moreDiageo lifts medium-term sales, profits growth targets
16th Nov 2021 07:51
(Sharecast News) - Drinks group Diageo lifted medium-term sales growth guidance on Tuesday, driven by market share across its operating regions.
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