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Diageo PLC

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  • 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...

  • 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...

  • "Extraordinary" reaction from Diageo merger report Monday, 8 Jun 2015 | 5:10 AM ET

    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.

  • Diageo: Too big to be bought? Monday, 8 Jun 2015 | 4:40 AM ET
    Diageo: Too big to be bought?

    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.

  • *Bid speculation lifts Diageo and Actelion. LONDON, June 8- European shares fell on Monday, weighed down by a drop in agrochemicals group Syngenta although Deutsche Bank outperformed to surge higher after boardroom changes. Bid speculation also lifted the shares of drinks group Diageo and Swiss biotech company Actelion, following reports that Shire might bid...

  • Go abroad to invest in Kentucky bourbon Thursday, 4 Jun 2015 | 9:25 AM ET
    Knob Creek Bourbon

    That staple of Americana, bourbon, is drawing big interest from overseas investors.

  • Bacardi has U.S. rights to " Havana Club" name. Pernod's Havana Club will have to change its name to "Havanista" for U.S. customers, because Bacardi International, now Bermuda- based after its founders fled the communist island in the 1960 s, has the U.S. rights to the " Havana Club" name. "If the embargo is lifted, we could gain access to an enormous market and a substantial...

  • May 13- Owens-Illinois Inc, which makes bottles for Corona and Pepsi, is to buy Mexico's Vitro SAB's glass container business for about $2.15 billion to strengthen its operations in a country that houses numerous distilleries and bottlers. Mexico houses operations for Diageo, Heineken, Corona maker Constellation Brands Inc as well as bottling operations for...

  • May 13- Owens-Illinois Inc, which makes bottles for Corona and Pepsi, said it would buy Mexico's Vitro SAB's food and beverage glass container business for about $2.15 billion, as it looks to expand in Latin America. The company's other large customers include Anheuser-Busch InBev, Diageo, Heineken, Nestle and SABMiller. Deutsche Bank served is O-I's financial...

  • Diageo's Indian hangover gets worse Monday, 27 Apr 2015 | 5:02 AM ET

    Barely a year after U.K. drinks giant Diageo won a majority stake in India's United Spirits, a boardroom battle is giving the company a sore head.

  • PARIS, April 23- Pernod Ricard beat quarterly sales forecasts on Thursday and said its No. 2 market China should stabilise by the end of June, lifting its shares to a record high. But there have been signs of improvement recently and Pernod, the world's No.2 spirits group behind Britain's Diageo, has been benefitting from the launch of lower-priced cognacs in China...

  • LONDON, April 16- European equities retreated from 14- year highs on Thursday, led lower by shares in French retailer Casino, which reported slower sales growth, and Pearson, on a report that one of its educational technology projects was in trouble. Casino's stock dropped 4.6 percent after Societe Generale and Natixis cut their target prices, and Pearson fell 4...

  • Europe closes lower on earnings; Greek crisis worsens Thursday, 16 Apr 2015 | 11:31 AM ET
    A man walks inside the Athens stock exchange February 3, 2015.

    European equities closed lower on Thursday after mixed first-quarter earnings reports and as Greece's economic outlook deteriorated further.

  • LONDON, April 16- European equities were led lower on Wednesday by French retailer Casino, which reported slower sales growth, and Pearson, which fell following troubles with one of its educational technology projects. Casino fell 4.4 percent after Societe Generale and Natixis cut their target prices for the stock a day after it reported slower sales growth.

  • Early movers: GS, UNH, BLK, BX, KEY, PM & more Thursday, 16 Apr 2015 | 7:57 AM ET
    A trader works the floor of the New York Stock Exchange.

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

  • European equities retreat from highs on Greek concerns Thursday, 16 Apr 2015 | 7:23 AM ET

    LONDON, April 16- European equities retreated on Thursday, with growing concerns about Greece's debt situation prompting investors to take some profits after the previous session's 14- year highs. Greece's ATG share index fell 0.8 percent as the Financial Times reported the International Monetary Fund had rebuffed a request from the country to delay loan...

  • UPDATE 2-Unilever sees tailwinds boosting sales hopes Thursday, 16 Apr 2015 | 6:51 AM ET

    LONDON, April 16- Unilever reported better than expected first quarter sales and struck a positive tone on the rest of the year, citing brighter signs in major markets such as the United States, China and India. "We are overall starting to see more tailwinds than headwinds," Chief Financial Officer Jean Marc Huet said. Huet told Reuters that Unilever's full-year...

  • Media stocks drag down European equities from highs Thursday, 16 Apr 2015 | 6:31 AM ET

    The STOXX Europe Media index dropped 1.3 percent, the top sectoral decliner, dragged down by a 3.6 percent fall in Pearson after a report saying the Los Angeles Unified School District was seeking a refund from Apple over a bungled $1.3 billion iPad plan with curriculum from Pearson. Around Europe, Britain's FTSE 100 index was down 0.3 percent and Germany's DAX...

  • LONDON, April 16- Diageo, the world's largest spirits maker, reported slower quarterly trading on Thursday, hurt by tough comparisons in Britain and retailers reducing inventory in Southeast Asia. Diageo shares were down 2.9 percent at 1911 pence by 0837 GMT. Analysts were hoping for signs of improvement in the United States, Diageo's largest profit driver,...