|Bid||2,608.50 x 111900|
|Ask||2,609.00 x 382000|
|Day's range||2,597.50 - 2,617.00|
|52-week range||2,141.00 - 2,735.50|
|PE ratio (TTM)||24.73|
|Forward dividend & yield||0.71 (2.38%)|
|1y target est||N/A|
The acquisition marks the first major deal under Mahesh Madhavan, who was appointed Bacardi's chief executive in October by the family that controls the company and founded it some 156 years ago in Cuba. New, high-end tequilas including Patron's namesake drinks have helped the beverage broaden its reach beyond young partygoers. Diageo Plc (DGE.L) last year bought George Clooney's premium tequila brand Casamigos for up to $1 billion.
Bacardi Ltd said on Monday it would buy high-end tequila maker Patron Spirits International AG in a $5.1 billion deal, hoping to become the second largest spirits company in the United States in market ...
By Danilo Masoni MILAN (Reuters) - British shares stumbled on Monday as strength in the pound weighed, while gambling companies suffered double-digit falls as fears of a government clampdown weighed on ...
British shares stumbled on Monday as strength in the pound weighed, while gambling companies suffered double-digit falls as fears of a government clampdown weighed on that sector. Shares in William Hill ...
Diageo is suspending all of its advertising on Snapchat after the U.K. advertising watchdog ruled the alcohol giant didn’t take sufficient care to ensure that a campaign from its Captain Morgan rum brand ...
The UK's FTSE 100 was down more than half a percent as shares eased gently into 2018's first day of trading. The index shed 0.52% - just over 39 points - to finish on 7648, a sluggish performance after ...
Britain's top share index fell back from a record high on Tuesday, with dollar-earning exporters hit hardest as sterling rose. Britain's FTSE index (.FTSE) ended the session 0.5 percent lower at 7,648.10 points, slightly underperforming European peers on the first trading day of the year after a record-setting 2017. Consumer staples took the most points off the FTSE, just over 19 points, as shares in British American Tobacco (BATS.L), Diageo (DGE.L) and Unilever (ULVR.L), declined.
EDINBURGH/LONDON (Reuters) - Diageo said Brexit could cost it tens of millions of pounds if Britain did not replicate the EU's trade deals with other countries for Scotch whisky and keep an open border in Ireland, where it makes Guinness stout and Baileys liqueur. Dan Mobley, the drinks giant's head of corporate relations, said losing the benefits of EU trade deals with so-called third countries such as South Korea, Colombia and South Africa would be unwelcome. Likewise, he said the introduction of border controls between Ireland and Northern Ireland would hinder its supply chain, and hurt its many small suppliers.
EDINBURGH/LONDON, Dec (Shanghai: 600875.SS - news) 13 (Reuters) - Diageo (LSE: DGE.L - news) said Brexit could cost it tens of millions of pounds if Britain did not replicate the EU's trade deals with other countries for Scotch whisky and keep an open border in Ireland (Other OTC: IRLD - news) , where it makes Guinness stout and Baileys liqueur. Dan Mobley, the drinks giant's head of corporate relations, said losing the benefits of EU trade deals with so-called third countries such as South Korea, Colombia and South Africa would be unwelcome. Likewise, he said the introduction of border controls between Ireland and Northern Ireland would hinder its supply chain, and hurt its many small suppliers.
The London-listed satellite company Avanti Communications (LSE: AVN.L - news) will take a big step towards shrinking its mammoth debts on Wednesday when it unveils plans to hand bondholders a $550m equity stake. The deal will see hedge funds such as Mast Capital Management and Solus Alternative Asset Management becoming bigger shareholders in the AIM-listed company. Crucially, it will also slash the interest bill payable by Avanti by tens of millions of dollars annually, freeing up capital to invest in the business, one fund close to the company said.
About 20 companies including Unilever, EDF and Iberdrola joined an international alliance of 26 nations on Tuesday pledging to phase out coal to combat global warming. At a climate summit hosted by French President Emmanuel Macron in Paris, new members of the "Powering Past Coal Alliance" agreed that traditional coal power should be phased out by 2030 in rich nations and by 2050 in other parts of the world. The coal phase-out plan, launched last month by about 20 governments, widened on Tuesday to companies also including BT , Engie , Kering, Diageo, Marks & Spencer, Orsted , Storebrand and Virgin Group.
About 20 companies including Unilever, EDF and Iberdrola joined an international alliance of 26 nations on Tuesday pledging to phase out coal to combat global warming. At a climate summit hosted by French ...
European shares slipped on Tuesday as cyclical stocks fell, while dwindling enthusiasm over a U.S. tax bill weighed on financial service providers. The pan-European STOXX 600 index, fresh from its best day in six weeks, fell 0.2 percent, as weak financials and healthcare shares outweighed a rally in consumer staples and utilities, while tech stocks rebounded, tracking U.S. peers. "It's been noticeable there has been a distinct sector rotation over the last week which is impacting the momentum of the market," wrote Deutsche Bank strategist Jim Reid in a note.
The blue chip FTSE 100 (.FTSE) index was up 0.55 percent at 7,340.91 points, a modest performance in comparison with France's CAC 40 (.FCHI) and Germany's DAX (GDAXI), which were up 1.3 percent and 1.5 percent respectively. "The late afternoon news about no deal meant that sterling surrendered most of its gains, but there was little help for the FTSE 100," said Chris Beauchamp, Chief market analyst at IG. Last week's strength in sterling on the back of optimism over Brexit talks weighed on the FTSE 100, which ended the week with a 1.5 percent loss.
LONDON, Dec (Shanghai: 600875.SS - news) 4 (Reuters) - India asked a London court on Monday to extradite tycoon Vijay Mallya to face fraud charges of palming off losses from his failing Kingfisher Airlines (BSE: KFA.BO - news) onto a state-owned bank. Mallya denies any wrongdoing, and a court document showed his lawyers planned to argue that the case against him was politically motivated and aimed at quelling public anger in India over the accumulation of bad debts by state lenders. The case against Mallya centres on a series of loans Kingfisher (Frankfurt: 812861 - news) obtained from Indian banks, and in particular from state-owned IDBI.
The blue chip FTSE 100 index was up 0.8 percent at 7,358.81 points by 0935 GMT, in line with a broadly positive continental European market. "For all the other indices around the world, the tax reform is something everyone's been keeping an eye on, so that's definitely the main driver in the U.S. and I think that's trickling over to Europe as well. Conversely, shares in more defensive stocks, such as precious metals miners Fresnillo (Frankfurt: A0MVZE - news) and Randgold Resources , were among the worst performers, both down 1.9 percent and 0.7 percent respectively.