DGE.L - Diageo plc

LSE - LSE Delayed price. Currency in GBp
2,721.00
-20.50 (-0.75%)
As of 11:59AM BST. Market open.
Stock chart is not supported by your current browser
Previous close2,741.50
Open2,756.50
Bid2,721.00 x 0
Ask2,719.50 x 0
Day's range2,708.00 - 2,756.50
52-week range2,050.60 - 3,633.50
Volume224,254
Avg. volume4,705,336
Market cap63.601B
Beta (5Y monthly)0.33
PE ratio (TTM)21.29
EPS (TTM)127.80
Earnings date04 Aug 2020
Forward dividend & yield0.70 (2.59%)
Ex-dividend date27 Feb 2020
1y target est2,916.05
  • Bloomberg

    Zuckerberg to Meet Civil Rights Groups That Led Facebook Boycott

    (Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg will meet with at least three civil rights groups on Tuesday after their organizations led an advertising boycott of the social media giant.The Facebook executives will meet with Anti-Defamation League Chief Executive Officer Jonathan Greenblatt, Color of Change President Rashad Robinson and Derrick Johnson, chief executive officer of the National Association for the Advancement of Colored People, a Facebook spokesman confirmed.Facebook and the groups didn’t disclose further details of the meeting.Facebook reached out to the civil rights groups last week to arrange a meeting with Sandberg and Chief Product Officer Chris Cox, a company spokesman said. The civil rights groups said they wanted Zuckerberg to be at the meeting and he later confirmed he would attend, the spokesman added.Starbucks Corp., Levi Strauss & Co., PepsiCo Inc. and Diageo Plc were among the most recent companies to say they’re curtailing ad spending, part of an exodus aimed at pushing Facebook and its peers to suppress posts that glorify violence, divide and misinform the public, and promote racism and discrimination.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Constellation Brands buys direct-to-consumer Empathy Wines
    Yahoo Finance

    Constellation Brands buys direct-to-consumer Empathy Wines

    Constellation Brands inks a splashy deal with a well known, up and coming wine brand. Yahoo Finance speaks to the two people behind the transaction.

  • Microsoft Pauses Facebook, Instagram Advertising Spending
    Bloomberg

    Microsoft Pauses Facebook, Instagram Advertising Spending

    (Bloomberg) -- Microsoft Corp. has paused global advertising spending on Facebook Inc. and Instagram because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter.The software giant spent an estimated $116 million in Facebook advertising in 2019, and was the company’s third-largest advertiser last year, according to data from Pathmatics. Microsoft initially halted spending on the sites in the U.S. in May and has now expanded that globally, said the person, who didn’t want to be named discussing internal corporate matters. Axios earlier reported the move, citing comments from Chief Marketing Officer Chris Capossela in an internal Microsoft message board.Capossela did not immediately return an email asking for comment.A list of companies pulling back spending on Facebook properties is lengthening almost by the minute, part of an exodus aimed at pushing the social network and its peers to limit hate speech and posts that divide and misinform. Starbucks Corp. and Diageo Plc, Ford Motor Co. and HP Inc. are among those who said they are stopping ads on social networks for now.Microsoft’s concerns relate purely to the placement of ads next to certain content and aren’t a statement about Facebook’s policies, the person said.The company has spoken with Facebook and Instagram executives on what steps will be needed to resume spending and expects the advertising halt to be in effect through August.Although it didn’t disclose it publicly at the time, Microsoft was among companies that pulled ads from YouTube in February 2019 amid concerns about child pornography, the person said.(Updates with timing in the sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Facebook Sales at Risk as Starbucks Bails, GM Plans Review
    Bloomberg

    Facebook Sales at Risk as Starbucks Bails, GM Plans Review

    (Bloomberg) -- Facebook Inc. fielded criticism from a growing number of consumer companies over harmful content on its sites, with Starbucks Corp. and Diageo Plc pulling back on ad spending and General Motors Co. planning to review its social media marketing strategy.Starbucks and Diageo followed Unilever, Coca-Cola Co. and several other companies in saying they will cut ad spending, part of an exodus aimed at pushing Facebook and its peers to limit hate speech and posts that divide and misinform. Microsoft Corp., which was Facebook’s third-largest advertiser last year, has paused global ad spending on the site because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter. The list of companies taking similar action lengthened on Monday. Britvic Plc, which supplies a wide range of soft drinks, Patreon Inc. and The Clorox Co. all said they will stop advertising on Facebook while GM said it’s “reviewing and reinforcing” its marketing guidelines.Read more: How to Go Cold Turkey on $77 Billion of Facebook Ads: Alex WebbWhile a single advertiser can do little to hurt a company that generated $17.7 billion in revenue last quarter, the rising tally creates peer pressure on other brands, and civil rights groups say they expect more corporations to join a boycott. Combined with a pandemic-fueled economic slowdown, the threat to Facebook is deepening.“Given the amount of noise this is drawing, this will have significant impact to Facebook’s business,” Wedbush Securities analyst Bradley Gastwirth wrote in a research note. “Facebook needs to address this issue quickly and effectively in order to stop advertising exits from potentially spiraling out of control.”Shares gained 2.1% Monday to close at $220.64 in New York, after dropping 8.3% on Friday. Unilever, one of the world’s largest advertisers, said it would cease spending on Facebook properties this year, eliminating $56 billion in market value and shaving the net worth of Chief Executive Officer Mark Zuckerberg by more than $7 billion.Facebook was already bracing for weakness in the second quarter, which ends this week. Chief Financial Officer Dave Wehner said in an April earnings call that he saw the “potential for an even more severe advertising industry contraction.”The number of coronavirus cases has surged in the intervening months, prompting many parts of the country to slow or roll back reopening efforts and giving advertisers added justification to rein in spending. Facebook’s sales will rise 1% in the June period, followed by a 7% increase in the third quarter, analysts predict, by far the smallest quarterly growth increases since the company went public.Advertiser boycotts in July could cost Facebook more than $250 million in the third quarter if 25% of its top 100 buyers pause spending, and as much as $500 million if 50% of the top advertisers stop, according to Bloomberg Intelligence analyst Jitendra Waral.Zuckerberg announced changes Friday designed to appease critics, but the Anti-Defamation League, one of the groups calling for the boycott, called the amendments “small.”Some analysts have said the financial impact of recent exits will be limited, citing past advertiser revolts. Even so, this exodus is distinct in key ways, Bernstein Securities analyst Mark Shmulik wrote in a research note Saturday. There’s heightened pressure to publicly demonstrate that brands stand with civil-rights groups, he said.“The current environment is very different,” Shmulik wrote. “It is very visible who is and isn’t participating in the boycott where brand silence [equals] being complicit.”(Updates to add Microsoft withdrawl in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Looking for quality stocks? I’d buy these two FTSE 100 shares
    Fool.co.uk

    Looking for quality stocks? I’d buy these two FTSE 100 shares

    Quality stocks are often the ones to outperform the market. With this is mind, one Fool analyses two quality FTSE 100 shares. The post Looking for quality stocks? I’d buy these two FTSE 100 shares appeared first on The Motley Fool UK.

  • Diageo Plans Sustainability, Strengthens E-commerce Channel
    Zacks

    Diageo Plans Sustainability, Strengthens E-commerce Channel

    Diageo (DEO) looks to strengthen its e-commerce presence to tap the shift of demand from on-premise due to growing in-home consumption amid the coronavirus pandemic.

  • Facebook’s Growing Ad Exodus Means More Risks to Revenue Growth
    Bloomberg

    Facebook’s Growing Ad Exodus Means More Risks to Revenue Growth

    (Bloomberg) -- A growing list of Facebook Inc.’s advertisers is set to halt spending on social media, undermining the company’s sales outlook and putting its stock price under further pressure.Starbucks Corp., Levi Strauss & Co., PepsiCo Inc. and Diageo Plc were among the most recent companies to say they’re curtailing ad spending, part of an exodus aimed at pushing Facebook and its peers to suppress posts that glorify violence, divide and disinform the public, and promote racism and discrimination.No single company can significantly dent growth at Facebook, which generated $17.7 billion in revenue last quarter alone. But a rising tally adds to pressure on other brands to follow suit, and when combined with a pandemic-fueled economic slowdown, the threat to Facebook deepens.“Given the amount of noise this is drawing, this will have significant impact to Facebook’s business,” Wedbush Securities analyst Bradley Gastwirth wrote in a research note. “Facebook needs to address this issue quickly and effectively in order to stop advertising exits from potentially spiraling out of control.”As more brands publicize plans to join boycotts or otherwise rein in ad spending, Facebook shares remain under pressure. The stock tumbled 8.3% Friday after Unilever, one of the world’s largest advertisers, said it would halt spending on Facebook properties this year, eliminating $56 billion in market value and shaving the net worth of Chief Executive Officer Mark Zuckerberg by more than $7 billion. Shares closed at $216.08 Friday after reaching a record $242.24 the preceding Tuesday.Facebook was already bracing for weakness in the second quarter, which ends this week. Chief Financial Officer Dave Wehner noted in an April earnings call the “potential for an even more severe advertising industry contraction.”The number of coronavirus cases has surged in the intervening months, prompting many parts of the country to slow or roll-back reopening efforts and giving advertisers added justification to rein in marketing spending. Facebook will eke out 1% revenue growth in the June period, followed by a 7% increase in the third quarter, according to analysts’ current projections, by far the smallest quarterly growth increases since the company went public.Starbucks said Sunday that it would pause spending on all social media platforms while it carries out talks internally, with media partners and civil rights groups “in the effort to stop the spread of hate speech.”Trump PostsWhile some companies are targeting social media generally, including Twitter Inc., many are singling out Facebook specifically. Zuckerberg has been more reticent to put limits on discourse, notably controversial posts by U.S. President Donald Trump, saying that he doesn’t want Facebook to be an arbiter of what’s true.That’s prompted a consortium of civil rights and other advocacy groups, including Color of Change and the Anti-Defamation League, to urge advertisers to stop spending on Facebook-owned platforms for July to protest the company’s policies.Zuckerberg responded Friday to the growing criticism, saying that Facebook would label all voting-related posts with a link encouraging users to look at its new voter information hub. The social network also expanded its definition of prohibited hate speech for advertising.“We understand people want to put pressure on Facebook to do more,” Facebook vice president Nick Clegg said Sunday on CNN’s Reliable Sources. “That’s why we made those additional announcements in Friday. That’s why we’ll continue to redouble our efforts, because, you know, we have a zero tolerance approach to hate speech.”The Anti-Defamation League called the changes “small.”The stampede of advertisers, combined with lobbying from civil rights groups, leaves Zuckerberg in a bind. He could take further steps to curtail harmful content, but that risks alienating free-speech advocates and supporters of Trump who have argued that Facebook is censoring political discourse and suppressing conservative voices.Distinct ExodusHe could also stand pat on a bet that this advertising pause will be short-lived, as have social media ad boycotts in the past. But this exodus as distinct, Bernstein Securities analyst Mark Shmulik wrote in a research note Saturday. There’s heightened pressure to publicly demonstrate that brands stand with civil rights groups, he said. “The current environment is very different,” Shmulik wrote. “It is very visible who is and isn’t participating in the boycott where brand silence [equals] being complicit.”Will Zuckerberg budge? While major brands like Unilever and Coca-Cola have garnered most of the headlines, the vast majority of Facebook’s 8 million advertisers are small businesses, many of which rely heavily on Facebook advertising for sales. Some in the ad industry don’t believe that these businesses, particularly those in commerce and direct-to-consumer sales, can actually afford to halt spending.“Pulling off for a whole month would really hurt their business,” Deutsche Bank analyst Lloyd Walmsley said earlier this week. “It’s a lot to ask for.”In its outreach to advertisers last week, Facebook has said it doesn’t intend to make decisions based on sales. “We have been consistent that we do not make policy changes tied to revenue pressure,” Facebook said on Wednesday in a memo obtained by Bloomberg News. “We set our policies based on principles rather than business interests.”Whatever additional moves Facebook makes, there’s reason to believe the departure of advertisers won’t end soon. “Advertisers who have seen their own ads published against hateful, horrible content on Facebook -- racist, anti-Semitic poison -- they are finally saying ‘enough’,” Jonathan Greenblatt, CEO of the Anti-Defamation League, said Friday in an interview with Bloomberg Television. “Our phones have been ringing off the hook with advertisers. I can tell you more are coming.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • This FTSE 100 share price has fallen over 10% and I’m buying. This is why.
    Fool.co.uk

    This FTSE 100 share price has fallen over 10% and I’m buying. This is why.

    Andy Ross thinks this quality FTSE 100 company with international brands is good value right now. The post This FTSE 100 share price has fallen over 10% and I’m buying. This is why. appeared first on The Motley Fool UK.

  • £1k to invest? I reckon this is the best FTSE 100 stock to buy today
    Fool.co.uk

    £1k to invest? I reckon this is the best FTSE 100 stock to buy today

    The stock market crash has thrown up dirt-cheap bargains but I still reckon this FTSE 100 stock is the best buy of all right now.The post £1k to invest? I reckon this is the best FTSE 100 stock to buy today appeared first on The Motley Fool UK.

  • Diageo pushes release of full-year earnings report due to COVID-19
    Reuters

    Diageo pushes release of full-year earnings report due to COVID-19

    British regulators have given publicly traded companies an additional two months to prepare their financial statements, making the deadline six months from their financial year-end. Diageo will now publish its preliminary results for the year ended June 30 on Aug. 4, instead of July 30, and will also delay the release of its annual regulatory filing by two days.

  • Beer Seen as Less Risky Than Spirits During the COVID-19 Pandemic
    Motley Fool

    Beer Seen as Less Risky Than Spirits During the COVID-19 Pandemic

    The novel coronavirus pandemic makes Diageo (NYSE: DEO) a riskier investment because of its exposure to the travel and tourism industry. Credit Suisse analyst Sanjeet Aujla told investors in a note that he favored brewers over distillers right now because spirits are more apt to be consumed in restaurants and bars than beer. Diageo derives a quarter of its revenue from Scotch whisky and owns the world's bestselling brand, Johnnie Walker.

  • Indian military stores orders for Pernod, Diageo dry up - sources
    Reuters

    Indian military stores orders for Pernod, Diageo dry up - sources

    Pernod Ricard <PERP.PA> and Diageo <DGE.L>, two of the world's biggest spirit makers, have stopped receiving orders for their imported brands from India's defence canteen stores where they were sold at concessional prices, industry sources told Reuters. The move is seen as part of Prime Minister Narendra Modi's "vocal for local" campaign in which he has called for promotion of indigenous products to make India self-reliant during the coronavirus pandemic, a government measure that critics have called protectionist and against foreign businesses. India's defence canteens provide access to both local and imported products such as liquor and electronics at less-than-market rates to soldiers, ex-servicemen and their families.

  • Forget about the stock market dip! I’d buy shares in this FTSE 100 champion today
    Fool.co.uk

    Forget about the stock market dip! I’d buy shares in this FTSE 100 champion today

    The FTSE 100 dived 4% on Thursday, which is great news for buyers of this FTSE 100 powerhouse that I'd happily buy today.The post Forget about the stock market dip! I'd buy shares in this FTSE 100 champion today appeared first on The Motley Fool UK.

  • FTSE investors: I believe we can all retire early and rich
    Fool.co.uk

    FTSE investors: I believe we can all retire early and rich

    Here I look at two stable FTSE 100 and FTSE 250 dividend shares investors might buy in a retirement portfolio in spite of the volatility in broader markets.The post FTSE investors: I believe we can all retire early and rich appeared first on The Motley Fool UK.

  • What Do You Prefer, Nosecco or Prosecco?
    Bloomberg

    What Do You Prefer, Nosecco or Prosecco?

    (Bloomberg Opinion) -- Fancy a glass of Nosecco?The alcohol-free sparkling wine might not be to everyone’s taste, but its catchy name caused a fight between a French group and the Italian producers of Prosecco. The outcome could have implications for companies looking to ride the trend toward alcohol-free alternatives to traditional drinks and vegan offerings that strive to look and taste like meat and dairy products.While familiar packaged-food brands, such as Kraft macaroni and cheese and Nestle’s Hot Pockets, enjoyed a revival during the pandemic, the long-term prospects remain brighter for products that are perceived as healthier. Just look at the rise of the vegan sausage roll sold at Greggs Plc. Its arrival prompted the U.K. baker to upgrade its profit forecasts several times in 2019.In fact, with the unprecedented focus on health precipitated by the novel coronavirus outbreak, the opportunities for categories such as fake meat, fish and eggs may be even bigger. What happens in the Nosecco case could be a lesson for the upstarts.Nosecco has been sold in the U.K. since 2017, and Les Grands Chais de France, the country’s largest independent wine producer responsible for J.P. Chenet and Chemin des Papes wines, wanted to establish a trademark for it. It was challenged in 2018 by a consortium representing the northeast Italian region where Prosecco is produced, which said the name brought to mind the Italian wine, which is protected by European rules on origin.The French company argued the name was never meant to rival Prosecco in the U.K. Instead, it was chosen to capture the drink’s alcohol-free quality while playing on the fact that it wasn’t “sec,” or dry, like the Italian wine, but rather sweet. But the U.K.’s Intellectual Property Office found in favor of the Italian producers, deciding that in the minds of consumers the name Nosecco evoked the hugely popular Prosecco. There was a serious risk, it said, that consumers would believe the drink was in fact non-alcoholic Prosecco. Les Grands Chais de France is now appealing the decision in the High Court.The company is not alone in facing delicate marketing issues when it comes to new food categories. It has long been debated whether dairy alternatives can be classed as milk. In Sweden, that’s culminated in a “milk war” between the country’s dairy industry and Oatly, a Swedish manufacturer of oat milk. There’s no clear winner, but the skirmish doesn’t seem to have done Oatly any harm: Oat milk is hot around the world right now. In what could be a challenge to the rise of meat substitutes, some U.S. states, including Arkansas and Mississippi, have sought to restrict the use of terms such as burgers and dogs. (Mississippi now allows plant-based food makers to use some terms so long as they carry modifiers such as meat-free.)Naming battles will likely crop up between competing alternative-food makers, too. Just last week, Nestle SA, the world’s biggest food company, said it would rename its Incredible plant-based patties as the Sensational burger. The move came after a Dutch court upheld an injunction filed by Impossible Foods Inc., citing a trademark infringement. Nestle said it will appeal the ruling.What is clear is that producers of everything from lupin burgers to non-alcoholic gin must work hard to stand out. While there is huge growth to be had, the competition will be stiff. Traditional food companies and brewers are piling in, too. Drinks giant Diageo Plc last year acquired a majority stake in Seedlip, the non-alcoholic spirit maker.There is no doubt that Nosecco was a stroke of marketing genius. But it has ended up in a protracted legal wrangle. Amid the shifting landscape for alternatives, producers will need to be innovative and creative with their branding. The Vegetarian Butcher, the meat-substitute maker acquired by Unilever Plc in December 2018, is perhaps a good example. It’s not always easy to get the message across that a dish or drink is a vegan or non-alcoholic version of an old favorite, and in an appealing way, but marketers will need to dig deep.  Otherwise, as Nosecco has shown, they could have a fight on their hands, and that’s not very appetizing for anyone.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • I’d invest £2k in these 2 bargain FTSE 100 shares today to get rich and retire early
    Fool.co.uk

    I’d invest £2k in these 2 bargain FTSE 100 shares today to get rich and retire early

    These two FTSE 100 (INDEXFTSE:UKX) stocks appear to offer good value for money and long-term growth potential, in my opinion.The post I'd invest £2k in these 2 bargain FTSE 100 shares today to get rich and retire early appeared first on The Motley Fool UK.

  • Analysts upbeat on the outlook for Diageo
    Stockopedia

    Analysts upbeat on the outlook for Diageo

    The Diageo (LON:DGE) share price has risen by 4.81% over the past month and it’s currently trading at 2837. For investors considering whether to buy, hold or s...

  • Diageo exploring options to delist Indian arm - CNBC TV-18
    Reuters

    Diageo exploring options to delist Indian arm - CNBC TV-18

    Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns an about 56% stake in United Spirits after slowly building it up over several years. The company has started talks with investment bankers and consultants on a delisting offer, the CNBC TV-18 report https://www.cnbctv18.com/business/diageo-exploring-option-to-delist-united-spirits-5947471.htm said, citing sources familiar with the matter. United Spirits' shares were trading flat at 0825 GMT on India's National Stock Exchange on Monday.

  • Reuters - UK Focus

    Kenya's East African Breweries says COVID-19 may slash profit by 25%

    Kenya’s East African Breweries Limited (EABL) has said its profit after tax for the year ending June is likely to decline by 25% compared to the previous period, hurt by the coronavirus pandemic. "The COVID-19 global pandemic and the subsequent response measures taken across the region have impacted our business negatively," the company said in a statement published on Saturday. It added that its "current performance forecast indicates a decline in profit after tax of approximately 25% for the financial year ending 30th June 2020 versus prior year".

  • Misery for investors as FTSE giants cut dividends by almost £24bn
    Yahoo Finance UK

    Misery for investors as FTSE giants cut dividends by almost £24bn

    Stats provided by broker AJ Bell show that since the start of the outbreak there have been 42 cuts by FTSE 100 companies totalling £23.8bn.

  • Reuters - UK Focus

    LIVE MARKETS-Looking forward to bars reopening

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. As bars, pubs and restaurants have been closed around Europe there is only that many drinks one can have at home and this is hitting European beverage companies' profits. Alongside returning to sell in bars and restaurants across Europe, the rating agency sees beverage companies cutting costs, especially advertising and promotional expenses to help offset this year's revenue declines.

  • Reuters - UK Focus

    Booze bonanza for shops masks beer and spirits downturn

    When Lionel Platteuw started planning how he would cope under Belgium's coronavirus lockdown, there was one item he wanted to make sure he had enough of - alcohol. "My first concern was that we didn't have enough beer and wine," said the Brussels-based consultant. "I wasn't concerned about toilet paper, but I didn't want to be stuck at home without alcohol supplies."

  • Corona beer sales on fire during the coronavirus pandemic: Constellation Brands CEO
    Yahoo Finance

    Corona beer sales on fire during the coronavirus pandemic: Constellation Brands CEO

    Constellation Brands CEO Bill Newlands joins Yahoo Finance to discuss the state of the beer industry amidst the COVID-19 pandemic.

  • Don't Underestimate Diageo's Resiliency
    Motley Fool

    Don't Underestimate Diageo's Resiliency

    The spirits business is faring better than most other alcohol lines, and Diageo is better positioned than most investors realize.

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