Diageo 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 moreDeutsche Bank lifts target prices for Britvic and Diageo
8th Sep 2023 09:00
(Sharecast News) - Deutsche Bank has lifted target prices across the whole European beverages sector, recommending investors to "buy beer, stick with soft, stay selective [on] spirits".
Read moreJPMorgan picks three UK defensive stocks to watch
21st Aug 2023 08:30
(Sharecast News) - JPMorgan has kept its 'overweight' rating on UK-listed consumer goods and staples stocks Diageo, Reckitt Benckiser and Imperial Brands, saying the companies are "well positioned" going into the second half of the year.
Read moreDiageo CEO Ivan Menezes passes away
7th Jun 2023 08:01
(Sharecast News) - Drinks company Diageo said on Wednesday that chief executive Ivan Menezes has passed away at the age of 63 following a brief illness.
Read moreCiti trims target price on Diageo
6th Jun 2023 13:51
(Sharecast News) - Citi has cut its price target for drinks giant Diageo on weaker US trading.
Read moreBroker tips: Anglo American, Auto Trader, Diageo
6th Jun 2023 07:41
(Sharecast News) - RBC Capital Markets upgraded Anglo American on Tuesday to 'outperform' from 'sector perform' and lifted the price target to 2,700 from 2,500p.
Read moreDiageo appoints Debra Crew interim CEO after Menezes emergency surgery
5th Jun 2023 07:04
(Sharecast News) - Drinks giant Diageo has appointed Debra Crew as interim chief executive after outgoing CEO Sir Ivan Menezes underwent emergency surgery on a stomach ulcer over the weekend.
Read moreDiageo to delist from Euronext Paris and Euronext Dublin
13th Apr 2023 15:35
(Sharecast News) - Diageo moved on Thursday to delist its shares from Euronext Paris and Euronext Dublin.
Read moreDiageo chief executive to step down
28th Mar 2023 07:34
(Sharecast News) - Ivan Menezes, Diageo's long-standing chief executive, is to retire after ten years at the helm, the drinks giant said on Tuesday.
Read moreInvestec upgrades Diageo to 'buy'
31st Jan 2023 14:02
(Sharecast News) - Investec upgraded Diageo on Tuesday to 'buy' from 'hold' on valuation grounds, following the share price decline.
Read moreHalf-year sales jump at Diageo
26th Jan 2023 07:02
(Sharecast News) - Diageo said it had made a good start to the current year on Thursday after interim sales fizzed.
Read moreDiageo to buy Don Papa Rum for initial €260m
17th Jan 2023 07:49
(Sharecast News) - Global drinks giant Diageo said it was buying Don Papa Rum of the Philippines for €260m up front.
Read moreDeutsche Bank lowers target price on Diageo
14th Dec 2022 11:18
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on drinks maker Diageo from 3,350.0p to 3,160.0p on Wednesday as they adjusted their numbers on the stock ahead of its first-half results on 26 January.
Read moreDiageo 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.
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