European stocks closed higher on Thursday after an onslaught of earnings, but Spanish stocks underperformed to close lower.» Read More
*Kenyan brewer has 51 pct stake in Tanzania brewer. *Tanzania regulator wants to revoke the stake. NAIROBI, July 31- Kenya's East African Breweries Ltd said on Friday it would try to convince Tanzanian authorities not to revoke its acquisition of a controlling stake in Tanzania's second-largest brewery.
LONDON/ BRUSSELS, July 28- Diageo and Heineken have agreed to dissolve their joint ventures in South Africa and Namibia, so the British spirits maker and Dutch brewer can pursue their own growth strategies in the countries. Diageo said it has become market leader in spirits in South Africa with a 40 percent share and felt it had the necessary scale to go it alone.
BRUSSELS, July 28- Dutch brewer Heineken and spirits maker Diageo have agreed to end their 11- year cooperation in South Africa and Namibia in a series of deals to disentangle joint ventures. Diageo, whose brands include Johnnie Walker, Smirnoff and Guinness, said it had become market leader in spirits in South Africa with a 40 percent share and felt it had the...
The Fed meets next week, but a commodities meltdown and earnings season are adding to concerns about global growth and may steal some of its thunder.
KINGSTON, Jamaica— The U.S. Virgin Islands' environmental agency plans to file a violation order against two rum producers on St. Jamal Nielsen, spokesman for the Department of Planning and Natural Resources, said authorities are "in the process of crafting a violation order" against Cruzan Rum and Diageo USVI, a subsidiary of global liquor giant Diageo PLC that...
Happy National Tequila Day! Here are 10 things you need to know. Plus, some tequila picks and a great margarita recipe. Cheers!
Beer and spirits giant Diageo under investigation by the S-E-C into whether it artificially boosted sales figures.
LONDON, July 24- British spirits maker Diageo is under scrutiny in the United States, where the U.S. Securities and Exchange Commission has asked for information to see whether it shipped excess inventory to U.S. distributors, a practice known as "channel stuffing". A spokeswoman for Diageo, the world's biggest spirits company with brands including Smirnoff...
The U.S. Securities and Exchange Commission is investigating Smirnoff maker Diageo over its distribution practices.
July 23- The U.S. Securities and Exchange Commission is investigating if liquor company Diageo Plc has been shipping excess inventory to distributors to boost its results, the Wall Street Journal reported, citing people familiar with the inquiry. The maker of Smirnoff vodka and Johnnie Walker whiskey confirmed that it had received an inquiry from the SEC...
July 23- The U.S. Securities and Exchange Commission is investigating if liquor company Diageo Plc has been shipping excess inventory to distributors to boost its results, the Wall Street Journal reported, citing people familiar with the inquiry.
"Mad Money" host Jim Cramer on what next week could hold.
Jim Cramer learned some very disturbing news about China on Friday, which leads him to believe the slowdown is not consumer led.
PARIS, June 17- Remy Cointreau posted higher than expected annual profit on Wednesday, despite a difficult year in China, and said it would accelerate a drive to sell higher-priced spirits to boost profit margins, sending its shares up to 8 percent higher. At 1120 GMT, Remy Cointreau shares were up 1.6 percent at 65.15 euros, off a session-high of 70 euros, but...
European equities closed largely lower on Tuesday, in the wake of declines in Asian markets and falls in shares of HSBC and Deutsche Bank.
European equities closed lower on Monday as geopolitical tensions continue to rattle sentiment, while shares in Deutsche Bank surged.
LONDON, June 8- Shares in Germany's largest lender, Deutsche Bank, surged almost 5 percent on Monday on the appointment of a new CEO, but failed to offset a broader sell-off in European equities as bond yields and the euro rose. "Rising bond yields and the continued impasse over a new Greece deal keep investors cautious," said CMC Markets analyst Michael Hewson.
LONDON, June 8- Shares in Diageo Plc, the world's largest spirits maker, rose about 7 percent on Monday following a report in the Brazilian press saying private equity firm 3 G Capital was considering a bid for it. But a leveraged buyout of Diageo would be the largest in history and well beyond anything 3 G has done, said Jefferies analysts, who estimated that the...
Reports suggests that "Brazil's richest man", Jorge Paulo Lemann, is mulling over a bid to buy UK spirits business, Diageo. CNBC's Catherine Boyle, discusses how markets have reacted to the claims.
Reports suggests that "Brazil's richest man", Jorge Paulo Lemann, is mulling over a bid to buy UK spirits business, Diageo. CNBC's Catherine Boyle, discusses the claims.