Diageo PLC


  • *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.

  • Reuters Business News Schedule at 1230 GMT/08.30AM ET Tuesday, 15 Apr 2014 | 8:38 AM ET

    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.

  • *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 lobbies change to Tennessee whiskey law Monday, 17 Mar 2014 | 6:14 PM ET

    Diageo is lobbying Tennessee legislators to ease the state's whiskey laws so other distillers can experiment with new techniques, WSJ reported.

  • Most popular beers—where does your favorite rank? Monday, 17 Mar 2014 | 12:01 AM ET

    YouGov's BrandIndex, which measures daily brand perception among consumers, released its annual ranking of the best perceived beers among consumers.

  • Whyte & Mackay sale attracts several suitors - sources Wednesday, 12 Mar 2014 | 1:18 PM ET

    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.

  • Big Tobacco merger could light up more dealmaking Tuesday, 4 Mar 2014 | 2:23 PM ET

    A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.

  • *Aegon gains 4 pct, Vodafone rises 1.7 pct. LONDON, Feb 21- European shares edged higher in cautious trading on Friday, with France's CAC 40 hitting a 5-1/ 2- year peak as investors took their lead from gains on Wall Street and in Asia after robust U.S. factory data.

  • *Vodafone rises 2.8 pct, top gainer. LONDON, Feb 21- European shares climbed higher on Friday, with France's CAC 40 hitting a 5-1/ 2- year peak, as investors took their lead from stronger equities on Wall Street and in Asia following robust U.S. factory data. France's CAC was up 0.1 percent after hitting a level not seen since 2008..

  • Finding reason to invest in India amid BRIC slide Friday, 14 Feb 2014 | 8:00 AM ET
    Mumbai, India

    There seems to be little to no interest in fresh overseas investment into India, and that’s a mistake, says a local expert.

  • UPDATE 2-Pernod warns China to stay weak through June Thursday, 13 Feb 2014 | 6:06 AM ET

    *Sales fell 18 pct in China in H1, weakness to persist in H2. PARIS, Feb 13- French drinks group Pernod Ricard cut its annual profit growth goal on Thursday, saying demand for its Martell cognac and Ballantine's whisky in China, its second-largest market, would stay sluggish through end-June.

  • P&G cuts outlook on emerging market currency impact Wednesday, 12 Feb 2014 | 9:18 AM ET
    Tide is one of many Procter & Gamble products.

    Procter & Gamble cut its sales and earnings outlook for the year to reflect unfavorable foreign exchange rates in emerging markets.

  • BRUSSELS, Feb 12- Heineken, the world's third-largest brewer, forecast a return to revenue growth this year with higher beer sales in Africa, Asia and Latin America after a slowdown in several emerging markets in 2013..

  • NEW YORK, Feb 11- Procter& Gamble Co, the world's largest household products maker, cut its sales and earnings outlook for the year on Tuesday to reflect unfavorable foreign exchange rates in Venezuela and the devaluation of currencies in various developing markets.

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