Some of the names on the move ahead of the open.» Read More
Diageo, the world's biggest spirits maker, reported slowing growth in earnings on Thursday and the CEO told CNBC the Europe market was lackluster.
Paul Walsh, CEO of Diageo, tells CNBC the company are increasing their dividend again by nine percent but continue to see difficulty with consumer expenditure in Southern Europe.
The biggest global alcohol companies are sizing up buyout and tie-up opportunities in China, India, South Korea and Vietnam, keen to profit from a $258 billion Asian market that is growing twice as fast as the rest of the world.
Turkey's ambitions to be among the top ten global economies by 2023 could mean it becomes "the China of Europe", according to an economist and a prominent Turkish business woman.
Diageo and Pernod-Ricard are predicting fizzy sales this December as Americans make merry at holiday parties.
Some of the names on the move ahead of the open.
Andy Cross, Chief Investment Officer, Motley Fool likes Diageo because of its good growth prospects. He also likes Starbucks as he says they have room to grow with its recent acquisitions.
At the beginning of the fourth quarter Jim Cramer put together a list of stocks he thought would garner a lot of attention from growth funds.
Six items that have consumers buzzing in the world of beer, wine and spirits as we head into the weekend, including a Pakistani beer that received an unexpected publicity boost from Demi Moore and Bruce Willis' daughter and the resignation of Goose Island's CEO.
Why did Diageo spend over $2 billion to buy a majority stake in India's United Spirits? It's simple math, CEO Paul Walsh told CNBC's "Squawk on the Street."
Paul Walsh, CEO of Diageo, discusses his company's agreement to acquire 53.4 percent of India's United Spirits. "India is a very attractive market, and we just got the number one player in that market," he says.
PARIS, Nov 6- Pernod Ricard plans to tap Africa's thirst for whisky, vodka and cognac at a time when China is slowing and bets the continent will become a key growth area for the French spirits group within 10 years.
Six items that have consumers buzzing in the world of beer, wine and spirits as we head into the weekend, including Guinness' new ale, James Bond beer, and more trouble for Europe.
Oct 12- GE:* Deutsche Bank starts GE with buy rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Some nuclear experts worry about proliferation risks* They say laser enrichment plants smaller, harder to detect* Iran says it "possesses" laser know-how but won't use it By Fredrik Dahl.
*Billionaire Mallya heads United, ailing Kingfisher Airlines. NEW DELHI/ MUMBAI, Oct 11- India's market regulator has written to billionaire Vijay Mallya's United Spirits Ltd "with a set of queries" after it recently announced it was in talks to sell a stake to Diageo Plc, a United spokesman said on Thursday, declining to specify the nature of the inquiry.
FRANKFURT, Oct 11- Germany's Siemens may outline job cuts and office closures on Thursday to stop profits sliding as customers put off ordering engineering equipment because of Europe's economic crisis.
NEW DELHI, Oct 10- The CEO of India's Kingfisher Airlines Ltd, grounded since the start of the month, urged striking employees to return to work as the carrier scrambled to find solutions to its cash flow problems.
*United Spirits surges on hopes for Diageo deal. MUMBAI, Oct 9- Indian shares recovered on Tuesday from two previous sessions of losses as dented stocks such as Infosys rose, while private banks such as ICICI Bank gained on hopes their quarterly earnings would prove resilient.
gains 6.6 percent on rising hopes the Indian spirits maker controlled by billionaire Vijay Mallya will clinch a deal to sell a stake to Diageo Plc.