Diageo PLC


  • LONDON, Dec 17- Alcoholic drinks maker Diageo forecast flat sales for the first half of its financial year in the United States, its biggest and most profitable market, after demand over Thanksgiving fell short of its hopes. Part of the reason for the weaker performance is that Diageo is more heavily discounting Smirnoff vodka in the United States as it aims to...

  • UK pub chain, Heineken clash over beer cost Tuesday, 9 Dec 2014 | 9:07 AM ET

    The episode underscores anti-competitive practices in Ireland, where entrenched publicans and the country's dominant brewers, Heineken and Diageo, are hoping to prevent Wetherspoon's from gaining a significant presence that could force competitors to cut the average retail price of a pint nearly in half. Wetherspoon's said Tuesday it has stopped...

  • Five-star manager: Look for deals during selloff Thursday, 16 Oct 2014 | 10:40 AM ET

    Investors, by and large, have ignored fundamentals in the ongoing selloff, five-star fund manager David Herro told CNBC on Thursday.

  • LONDON, Oct 6- SABMiller boss Alan Clark said on Monday there was no truth in speculation the brewer's interest in buying Dutch rival Heineken was a defensive move aimed at protecting itself from being taken over. In his first public comments since news emerged that Heineken had rejected a bid approach from SABMiller, Clark said it was "not unusual" for his company...

  • *Takeover of SABMiller seen costing nearly $122 bln. LONDON/ BRUSSELS, Sept 15- SABMiller's rejected bid for smaller brewer Heineken has revived talk about deals that could reshape the global beer industry in coming months. "We believe SABMiller could now be considered to be' in play' and view AB InBev as a potential acquirer," said Numis analyst Wyn Ellis.

  • Sept 3- The leading vodka brands in the United States are losing their buzz as craft distillers and other alcoholic drinks infringe on their turf. Both Diageo Plc, which markets Smirnoff, and Pernod Ricard SA, known for its Absolut brand, say newcomers to the vodka market are cutting into their sales.

  • 'Fund Manager of the Decade' names his top ideas Wednesday, 3 Sep 2014 | 3:13 PM ET

    Select Japanese and European equities hold the greatest potential right now, Morningstar's Fund Manager of the Decade David Herro says.

  • Pernod Ricard sees profit rise 2%, China weighs Thursday, 28 Aug 2014 | 12:36 PM ET

    Spirits maker Pernod Ricard reported full-year underlying profit growth of 2 percent, in line with expectations.

  • ZURICH, Aug 7- Nestle announced an 8 billion Swiss franc share buyback on Thursday and revealed stronger sales growth in emerging markets in contrast to other big consumer products companies.

  • European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.

  • China gifting policies disrupt Diageo sales  Thursday, 31 Jul 2014 | 6:20 AM ET

    Diageo CEO Ivan Menezes, discusses the company's quarterly results and shares his thoughts on emerging market consumers.

  • Diageo earnings fall on emerging market weakness Thursday, 31 Jul 2014 | 5:35 AM ET

    Diageo posted weaker-than-expected earnings on Thursday, hurt by a slowdown in China and volatility in other emerging markets.

  • Diageo will focus on EMs despite China hit: CEO  Thursday, 31 Jul 2014 | 2:05 AM ET

    Ivan Menezes, CEO of Diageo, says despite weakness in China, the drinks company will continue to focus on the emerging markets.

  • Summer's busiest week for markets is here Friday, 25 Jul 2014 | 6:10 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.

    A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.

  • Age doesn't matter when it comes to whiskey Saturday, 19 Jul 2014 | 1:12 PM ET

    With demand growing, distillers are selling more whiskeys without an age noted. So much more matters when it comes to a good whiskey.

  • *Cognac shipments to China could pick up from Q3- CFO. PARIS, July 18- Spirits group Remy Cointreau said it expects demand for cognac in China to pick up later this year, after blaming a Chinese government crackdown on ostentatious spending for another drop in group sales in the first quarter.

  • Pernod Ricard takes control of Avion tequila Friday, 11 Jul 2014 | 6:41 AM ET

    PARIS, July 11- Pernod Ricard has spent almost $100 million to gain majority control of Avion Spirits LLC, owner of top-of-the-range tequila brand Avion, as part of plans to expand in the United States, its largest market, the French firm said on Friday.

  • *Announces investments in Britain by Indian companies. MUMBAI, July 7- Britain's finance minister George Osborne praised India's new prime minister Narendra Modi on Monday for helping create a quick turnaround in investor sentiment, during a two-day trip aimed at opening up opportunities in defense and infrastructure.

  • LONDON/ ACCRA, July 4- Tucked in a corner of a Guinness brewery in a run-down part of Ghana's capital, flanked by industrial silos and crates of bottles, stands the Cube, a gleaming mini-factory that may point the way forward for global consumer goods companies in Africa.

  • European shares close flat, easyJet weighs Monday, 30 Jun 2014 | 11:51 AM ET

    European shares closed flat on Monday, at the start of a week packed with important economic data.