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Diageo PLC

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  • *Bavaria NV to face rivals, Heineken, Diageo in Ethiopia. ADDIS ABABA, March 2- Ethiopian greenfield brewer Habesha, majority-owned by Dutch brewer Bavaria NV, said it plans to start selling beer in the second quarter of this year to tap rising domestic demand that has attracted global brands. Bavaria NV is the latest beer maker lured by Ethiopia's expanding middle...

  • *New Pernod CEO says U.S, China are top growth priorities. PARIS, Feb 12- French spirits group Pernod Ricard is pinning its hopes on the coming new year celebrations in China, its second-largest market, to deliver gradually improving sales this financial year and sustain profit growth. Ricard became head of Pernod Ricard at a board meeting on Wednesday, putting the...

  • PARIS, Feb 12- French spirits group Pernod Ricard on Thursday posted a flat first-half operating profit as a crackdown on extravagant spending in China and a struggling vodka market in the United States, its biggest market, held back earnings growth. In China, the group's second-largest market, sales still fell 16 percent in the first half and the upcoming...

  • *China and the United States pose challenges. PARIS, Feb 9- Alexandre Ricard becomes head of Pernod Ricard on Wednesday, putting the founding family back in charge of the world's second-largest spirits maker when growth in its two key markets has slowed. To live up to those hopes, Ricard must pep up the performance in the United States and China and has only limited...

  • Pernod scion inherits China, U.S. growth challenges Monday, 9 Feb 2015 | 10:12 AM ET

    *China and the United States pose challenges. PARIS, Feb 9- Alexandre Ricard becomes head of Pernod Ricard on Wednesday, putting the founding family back in charge of the world's second-largest spirits maker when growth in its two key markets has slowed. To live up to those hopes, Ricard must pep up the performance in the United States and China and has only limited...

  • Ethiopia wants manufacturers and exporters. ADDIS ABABA, Feb 8- Chinese workers mingle with Ethiopians putting the finishing touches to a metro line that cuts through Addis Ababa, one of a series of grand state infrastructure projects that Ethiopia hopes will help it mimic Asia's industrial rise. Brought to its knees by "Red Terror" communist purges in the 1970 s...

  • TOKYO, Feb 6- Japan's Suntory Holdings Ltd aims to double revenue at its Beam spirits business to $10 billion in five years as it capitalizes on the growing popularity of drinks like whisky and bourbon and forays further into developing markets, its new president said. Suntory last year bought U.S. bourbon maker Beam for $16 billion, propelling the company to rank...

  • NEW YORK, Feb 3- Sales of distilled spirits in the United States by industry suppliers rose 4 percent in 2014 to $23.1 billion from the year earlier, driven by strong growth in brown liquors, according to an industry trade group. The Distilled Spirits Council, which represents companies like Diageo PLC, Pernod Ricard SA and Brown-Forman Corp, said overall U.S. sales...

  • NEW YORK, Feb 3- Sales of distilled spirits in the United States by industry suppliers rose 4 percent to $23.1 billion in 2014, driven by strong growth in brown liquors, according to an industry trade group. The Distilled Spirits Council, which represents companies like Diageo PLC, Pernod Ricard SA and Brown-Forman Corp, said that overall, U.S. sales volumes rose...

  • Early movers: MCD, F, DOW, BABA, COH & more Thursday, 29 Jan 2015 | 8:21 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Diageo CEO: Premium brands rise  Thursday, 29 Jan 2015 | 6:22 AM ET

    Ivan Menezes, Diageo CEO, weighs in on consumer consumption of distilled spirits as whisky sales remain strong and flavored vodka sales slip.

  • Diageo slumps in Asia, but growth will return: CEO Thursday, 29 Jan 2015 | 4:21 AM ET

    Global drinks brand Diageo posted disappointing sales for the first half on Thursday, after a slump in the Asia Pacific region.

  • UPDATE 1-Diageo posts lower-than-expected sales Thursday, 29 Jan 2015 | 3:11 AM ET

    LONDON, Jan 29- Diageo, the world's largest spirits maker, reported lower-than-expected sales for the six months to December, hurt by foreign exchange rate moves and discounting on vodka in the United States, its biggest and most profitable market. Chief Financial Officer Deirdre Mahlan told reporters on Thursday that Diageo was not yet feeling the benefit of...

  • Russia market 'slower': Diageo CEO  Thursday, 29 Jan 2015 | 2:05 AM ET

    Ivan Menezes, CEO of Diageo, says the weak ruble has made the Russian market slower, but adds that he expects the company to "come through this stronger."

  • We were hit by China's austerity drive: Diageo CEO  Thursday, 29 Jan 2015 | 2:05 AM ET

    Ivan Menezes, CEO of Diageo, says the austerity drive in China hit the company's high-end products, but adds that consumer momentum is returning in the world's second-largest economy.

  • *Cognac shipments to China up in Q3, sales still negative. PARIS, Jan 22- Remy Cointreau said that cognac shipments to its key Chinese market increased in the third quarter but cautioned that local demand did not show clear recovery signs ahead of next month's Chinese New Year. Remy Cointreau, like rivals LMVH, Diageo and Pernod Ricard, has been hit by the Chinese...

  • PARIS, Jan 22- Remy Cointreau on Thursday reported third quarter cognac sales well ahead of forecasts, driven by robust demand for premium qualities in the United States while shipments to China improved on weak year-ago comparables. The maker of Remy Martin cognac, Cointreau liqueur and Mount Gay Rum said group sales reached 269.1 million euros in the three...

  • Venezuela currency controls make Scotch cheap Tuesday, 23 Dec 2014 | 7:55 PM ET

    Venezuela's currency controls give consumers cheap Scotch and Barbies, even as they struggle with shortages of staple products such as milk and medicine.

  • CARACAS, Dec 23- Venezuelan shoppers line up outside a Caracas liquor store to buy bottles of Buchanan's 12- year Scotch whisky at half the usual cost, a deal made possible by a state subsidy that gave cheap dollars to import them. The same subsidy, provided under the country's three-tiered exchange control system, helps a Caracas merchant do thriving business in...

  • Midday Movers: Carnival, Chevron, Netflix & more Wednesday, 17 Dec 2014 | 12:59 PM ET

    Some of Wednesday's midday movers: