Company
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’s shares are up 2% ytd in euros, outperforming European Staples by 3 pp; however, it has underperformed its spirits peers by 61% since 2015, having failed to keep pace with their accelerating sales growth"
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In the currency markets, the pound gained 0.07% against the Euro and was up 0.11% against the US dollar
The FTSE 100-listed equipment rental company said Chris Cole, who has been chairman of Ashtead since 2007 and previously as non-executive director, will retire from the company on September 11
The FTSE 100 drinks company said it had submitted a price of 62 Chinese renminbi (US$9.5) per share, although clarified that the proposal did not constitute a formal offer
Citi raised its rating on Diageo to ‘buy’ from ‘hold’ with a target price of 3,000p
Investments and investor services
In London, the FTSE 100 closed down around 29 points at 7,252
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Day ahead includes a swathe of FTSE 100 results, including from the likes of Barclays PLC, British American Tobacco PLC, BAE Systems PLC, and Centrica PLC
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Week ahead includes a deluge of blue chip results, notably from the banking sector, including numbers from HSBC PLC, Barclays PLC, Lloyds Banking Group PLC, and Royal Bank of Scotland PLC
“Cash conversion, although much improved, looks set to remain in the bottom half of a peer group of consumer staples businesses,” RBC said
The FTSE 100, dragged higher by the miners, got off to a strong start today, but closed juts about six points higher
The company warned that it expects foreign exchange headwinds to dent full-year results
Investments and investor services
Britain's blue-chip benchmark finished around 27 points lower at 7,615.
The proposed £11.7bn takeover of Sky from Fox is all becoming a bit messy, so investors will be hoping the UK broadcaster can shed some light on whether a takeover from anyone is likely
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“If he intended it, Treasury Secretary Steven Mnuchin has done a first class job of whacking the dollar,” declared Neil Wilson at ETX Capital. .
Bermuda-based, family-owned Bacardi was founded in Cuba in 1862, selling its namesake rum. It now owns some 200 brands including Bombay Sapphire gin and Grey Goose vodka and has owned a minority stake in Patron since 2008
Investments and investor services
The FTSE 100 closed around 15 points lower - at 7,715
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Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
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Some of the biggest risers and fallers in London on Wednesday
