European shares closed higher on Thursday, as investors focused on Wall Street earnings and the latest U.S. jobs data.» Read More
Other elusive bourbon brands include the 17- year-old iteration of Eagle Rare, William Larue Weller, Stagg Jr. and Angel's Envy Cask Strength, all part of a bourbon renaissance that has seen a new appreciation of American whiskey, as well as the birth of a whole new class of cult spirits.
PARIS, April 24- Pernod Ricard said it was buying Kenwood Vineyards to beef up its premium wines portfolio in the United States, the French drinks company's biggest market, and was looking for more small-scale acquisitions.
"If I want to successfully conquer India... I can't do that with a plant in Hamburg, "said Stefan Heidenreich, head of Beiersdorf, whose products range from Nivea to the high-end La Prairie creams. Nivea plans to open a factory in India in 2015, to make creams in smaller, cheaper packs, products with different scents and whitening creams, which are popular in Asia.
LONDON, April 17- European equities finished higher on Thursday after losing ground earlier in the session, with upbeat results from major U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment.
LONDON, April 17- European equities rose in late trading on Thursday after losing ground earlier in the session, with upbeat results from major U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment.
*Earnings depress Google, IBM in after-hours trade. LONDON, April 17- European shares fell and U.S. futures pointed to a weaker open on Wall Street on Thursday after disappointing results from tech heavyweights Google and IBM, while the dollar fell on dovish U.S.
*FTSEurofirst 300 falls 0.3 pct, Euro STOXX 50 down 0.4 pct. *Remy Cointreau, Diageo report weak China demand. LONDON, April 17- European shares edged lower on Thursday, weighed down by companies reporting earnings that were knocked by currency effects and weak demand from China, confirming a poor start to the earnings season in Europe.
*Remy Cointreau, Diageo report weak China demand. LONDON, April 17- European shares edged lower on Thursday, weighed down by weakness in luxury drinks after a crackdown on gift giving in China knocked beverage company earnings, in quiet trade ahead of a public holiday. Weakness in Asia also affected Diageo.
*Diageo offers to buy up to 26 pct more of United Spirits. MUMBAI/ LONDON, April 15- Diageo, the world's biggest spirits maker, has launched a $1.9 billion bid to nearly double its stake in United Spirits Ltd, offering a rich price in the hope that India's increasingly wealthy consumers will drink more alcohol.
Europe's banks prepare for ECB tests with new provisions. LONDON- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
LONDON, April 7- U.S. drinks company Brown-Forman is one of several parties considering second-round bids for the Whyte& Mackay whisky business, expected to fetch around 350 million pounds, said three people familiar with the matter.
Happy Monday. Market advice: It looks like the mo-mos are no-nos.
*Diageo says biomass an' integral part' of strategy. SPEYSIDE, Scotland, April 4- Scotch whisky distillers are burning their unwanted grain byproducts, wood chips and other types of biomass for a source of energy in remote areas of the Highlands, where gas links are scarce and fuel oil is pricey.
PARIS, March 27- French drinks group Pernod Ricard expects its 2013/ 14 annual underlying operating profit in Asia to record a low single digit percentage decline, hit by weak demand in China. The world's No. 2 spirits group by sales behind Britain's Diageo, however, said it believed the medium and long-tem growth potential for Asia remained intact.
NEW YORK, March 21- It only took a look at the financial statements of the world's largest maker of spirits to convince Larry Seruma that Africa was the place to go. While African alcohol consumption lagged Europe or the Americas, Diageo's rapid expansion on the continent was such that, by 2013, the region accounted for 13 percent of global revenue.
WASHINGTON, March 18- If anyone should find it odd that a Japanese distillery was planning to merge with a U.S. bourbon brand steeped in the history of the American South, the answer could be found on a cocktail menu. Prices for bourbon, a type of whiskey distilled from at least 51 percent corn, have risen faster than inflation in the United States for years.
Diageo is lobbying Tennessee legislators to ease the state's whiskey laws so other distillers can experiment with new techniques, WSJ reported.
YouGov's BrandIndex, which measures daily brand perception among consumers, released its annual ranking of the best perceived beers among consumers.
SPI Group, owner of Stolichnaya vodka, Italy's Campari and private equity firms Lion Capital and TPG Capital Management are among the interested parties likely to have bid, said the sources, who declined to be identified since the process is private.
LONDON, March 7- A bee sting nearly killed Natalie Blyth in 2012 but the HSBC investment banker didn't take fright from the experience- she took inspiration from it. Blyth is one of the highest ranking female bankers at HSBC.