Diageo announces US$2.5bn bond issue
In its trading update earlier this month, Diageo boasted of its strong balance sheet; it could do with being a bit stronger, though, apparently
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 knocked to ‘sector perform’ as RBC says firm will no longer be able to grow margins faster than peers
The Canadian bank also expected firms across the sector to “spend quite a lot of time thinking about the best ways to safeguard the resilience of their businesses” and boost spending to withstand future shocks
UK dividend income 'at risk' of halving in 2020 due to coronavirus
A worst-case scenario, including announced cuts and at-risk payouts, would see dividends cut 53% from the forecast level to around £46.5bn
Diageo doles out interim dividend payment but stops share buyback for 2020
Closures of pubs, bars and other on-trade venues is hitting the maker of Smirnoff, Johnnie Walker and Guinness but off-trade is picking up
Diageo upgraded to ‘buy’ by Liberum as it is "likely" to survive coronavirus pandemic
Analysts kept their target price of 3,100p for the drinks giant unchanged
Diageo weak as Guinness maker warns of £200mln profit hit from coronavirus outbreak
The outbreak has resulted in “the closure of many hospitality and retail outlets”, particularly in China, where the virus originated
Diageo a 'buy' for its strong US and low Asia exposure - Kepler Cheuvreux
The Smirnoff and Ketel distiller is less exposed to Asia than some of its peers, which “limits the risk of near-term disappointing trading in India” and any potential impact from the coronavirus, the analysts said
Diageo cools full-year guidance after soft first half
For the six months to 31 December, sales rose 4% to £7.2bn while profit before tax dropped 6% to £2.6bn
Diageo mixing its drink sales well, says RBC Capital
Analysts expect the Johnnie Walker whisky maker's cash conversion to improve as it completes a £150mln investment in Scotch Whiskey tourism, including a visitor centre in Edinburgh, and a $130m expansion of its Bulleit distillery
Diageo cautions it is not immune to changes in global trade policy
"Fiscal 20 has started well as we continue to build on the momentum and consistent progress we are making in the execution of our strategy."
Diageo serves up new cash return as gin and 'premiumisation' trends continue
Shares in the drinks giant wobbled as sales growth slowed slightly in the second half of its financial year
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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
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Day ahead preview: Unilever, National Express, Diageo, ECB
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
AG Barr finance director and his wife snap up £65,000 worth of shares
Stuart and Amanda Lorimer have made their move after the share price hit 18-month lows following last week’s shock profit warning
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
What makes a company want to rebrand?
As Paddy Power Betfair announces its intention to change its group name to Flutter Entertainment, what exactly pushes a company to risk an image change?
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
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IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
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Hotchpotch of blue-chip results set to flow in coming week from likes of Rolls-Royce, ITV, WPP
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Diageo raises share buybacks and dividend as operating profit and sales beat forecasts
Diageo said it continues to expect to deliver "mid-single digit" organic net sales growth for the year