Diageo kicks off next phase of its monster share buyback programme
Further execution phases of the return of capital programme, using either share buybacks or special dividends depending on market conditions, will be announced in due course
Company
Diageo PLC
LON:DGE
Diageo is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits,wine and beer categories.
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Diageo makes strong start to full year but expects markets to remain volatile
The spirits maker expects market volatility to persist in the near term, due to potential future waves of Covid-19, and said it is facing rising inflationary pressures, partly because of supply chain constraints
Plenty of reasons for optimism about Diageo, reckons Goldman Sachs
The near 18% organic revenue growth last year was very strong says the broker
Diageo tops up dividend 5% but more volatility expected in Asia Pacific, Africa and Latin America
Sales increased 8.3% on the previous year, led by a strong performance in North America
Invest in ‘dividend aristocrats’ and don't be tempted by high yields, says Credit Suisse
A quartet of top toffs for dividends in London were suggested, including Guinness maker Diageo
Blinded by stage lights? How to spot celebrity-backed businesses that won’t fail
UK authorities threatened to shut down Gwyneth Paltrow's wellness brand Goop over issues with its accounts, but there are plenty of famous people who have established successful businesses
Who are the kings of the share buyback in the FTSE 350?
Share buybacks are all the rage at the moment but it is not just Jerry Maguire whose maxim is "show me the money"
Diageo resumes share buybacks as trading recovery continues
“When we have excess cash, we have been clear that we will seek to return it to shareholders".
LVMH snaps up stake in Jay-Z champagne brand
The US rapper has agreed to sell a 50% stake in his Armand de Brignac brand to the Louis Vuitton owner for an undisclosed sum
Diageo tops up interim dividend as North America shows its spirit
European sales declined by 10%, as growth in Britain and northern Europe was offset by significant declines in Ireland, southern and eastern Europe because of higher exposure to the on-trade
Diageo now a ‘buy’ for Deutsche Bank over strong European beverages sector backdrop
The long-term growth opportunity for companies in the sector is “attractive, material and in many cases undervalued”, analysts say
Diageo upped to outperform as Credit Suisse predicts quick recovery
The Swiss bank said the owner of Guinness and Johnnie Walker had “higher exposure to the robust US market”, where industry growth is expected to remain elevated, as well as “lower exposure to the weaker travel retail channel”
Diageo toasts expanded gin portfolio with acquisition of the Chase Distillery
The Herefordshire-based spirits maker is known for its premium Chase GB Gin brand, as well as its potato-based vodka
Diageo double-upgraded to 'buy' by Jefferies in an upbeat review of European drinks sector after coronavirus pandemic
The US broker also raised its target price for the FTSE 100-listed drinks giant to 3,300p from 2,200p with the stock changing hands currently at 2,709.50p, up 1.1%
Diageo trading ahead of expectations thanks to strong US demand
Off-sales are robust while most on-trade outlets have now reopened.
Diageo buys Ryan Reynolds' US craft gin brand Aviation for US$610mln
Ryan Reynolds, Davos’ co-founder and Hollywood A-lister, will retain an ongoing ownership interest in the business.
Diageo keeps dividend but no guidance in sight
The board recommended a 42.47p per share payout to shareholders, flat on last year
Diageo serves up Johnnie Walker in new paper-based bottle
The spirits producer teamed up with Pilot Lite to launch a sustainable packaging technology company
Diageo, Burberry and other UK firms in firing line as US threatens more trade tariffs
Products being considered for new or additional duties include olives, beer, gin, cheeses, yoghurts, aircraft parts and leather handbags
Diageo weak as Credit Suisse downgrades, switches its preference from spirits to beer
The Swiss bank cut its stance for the FTSE 100-listed firm to ‘neutral’ from ‘outperform’ with a reduced target price of 2,900p, down from 3,450p