|Bid||3,124.50 x 111900|
|Ask||3,125.00 x 382000|
|Day's range||3,101.00 - 3,143.50|
|52-week range||2,436.50 - 3,156.50|
|Beta (3Y monthly)||1.08|
|PE ratio (TTM)||26.20|
|Earnings date||24 Jan 2018 - 29 Jan 2018|
|Forward dividend & yield||0.67 (2.12%)|
|1y target est||2,916.05|
French spirits maker Pernod Ricard, which is being targeted by activist investor Elliott, raised its profit outlook on bets cost savings and Chinese demand will offset a slowdown in quarterly sales growth. Pernod, the world's second-largest spirits group after Diageo, is hoping cost cuts, expansion into profitable premium brands such as Malfy gin and sustained demand for Martell cognac in China will underpin sales growth and profits. This truly reflects the efficiency of our strategy plan," CEO Alexandre Ricard told Reuters.
The FTSE 100 was little changed by session end, lagging its peers on Wall Street and in Europe, while mid-caps gave up 0.3 percent. Miners lost 1.2 percent after Vale SA said it expected to resume operations at its Brucutu mine within 72 hours. London-listed shares in Rio Tinto fell 2.7 percent and BHP, the world's biggest miner, gave up 2.5 percent after cutting its iron ore output target following a tropical cyclone.
Harvey Jones picks out two FTSE 100 (INDEXFTSE: UKX) stocks that he thinks may be worth paying a little extra for.
The size of Diageo plc (LON:DGE), a UK£74b large-cap, often attracts investors seeking a reliable investment in the stock market. Big corporations are much sought after by risk-averse investors who find diversified revenue streams...
TOKYO/LONDON (Reuters) - Japan's Suntory Holdings, faced with a whisky crunch, is selling a rare mix sourced from around the world as premium whisky, aiming to elevate the status of young blends among discerning drinkers who often swear by aged single malts. Whisky makers globally, and in Japan in particular, have been forced to suspend some aged bottles in recent years as a surge in demand for mature whisky depleted stocks. Last year, Suntory suspended the popular 17-year Hibiki - a glass of which Bill Murray's character in the film 'Lost in Translation' famously promoted, saying "For relaxing times, make it Suntory time".
The maker of Guinness has announced it is ditching plastic beer packaging in favour of recyclable and biodegradable cardboard. Plastic ring carriers and shrink wrap will be removed from multipacks of all Diageo beer products - including Irish stout Guinness, lagers Harp and Rockshore, and the red ale Smithwick's. The new packaging - part of a 18.5 million euro (£16m) investment to reduce the amount of plastic that Diageo uses - will be first used at a bottling and packaging plant in Belfast and appear on shelves in Ireland from August.
With macroeconomic conditions uncertain in 2019, I see buying shares in Diageo plc (LON:DGE) as a safe bet for the long-term investor.
I’m optimistic about the prospects for the Diageo plc (LON: DGE) share price after it makes a strong start to 2019 versus the FTSE 100 (INDEXFTSE:UKX).
The blue-chip index advanced 0.6 percent, outshining its European peers and recording its biggest weekly gain in two months, while the midcaps rose 0.2 percent as weakness in the local currency capped gains. Oil majors Shell and BP surged over 1 percent, tracking a rise in oil prices over fears that an escalating conflict in Libya could disrupt oil supplies from the OPEC member. The FTSE 100 was already cheery as international companies rose on expectations that a China-U.S. trade dispute could be nearing an end, with President Donald Trump saying a deal could be reached in about four weeks.
European spirits makers say they are facing difficulties exporting drinks to Indonesia amid tension after Jakarta said it was unhappy with an EU decision that palm oil should not be considered a green fuel. SpiritsEurope, which represents major European spirits makers and national associations, said on Thursday it had learnt from members with business in Indonesia that they were suffering delays in securing approval to import EU products into the country. Indonesia regulates imports of alcohol through an annual import and distribution plan.
The FTSE 250 bounced 1.2 percent - its biggest rise in two-and-a-half months - for a fifth straight session of gains, while the FTSE 100 added 0.4 percent and ended the session at its highest level since early October. Prime Minister Theresa May said on Tuesday said she would seek another Brexit delay beyond April 12, hoping to try to agree a European Union divorce deal with the opposition Labour leader. "None of this guarantees Britain won't bumble out of the EU sans deal, especially given the frothing fury May's cross-party olive branch has caused among the hard right of her Tory party," said Spreadex Analyst Connor Campbell.
Drinks group Pernod Ricard, which is being targeted by activist investor Elliott, is banking that its push into socially and environmentally sound business practices will boost its growth in the coming decade. Pernod, the world's second-biggest spirits group behind Diageo, is unveiling on Wednesday a strategic roadmap plan going up to 2030. Other pledges include aims to save water and cut down on waste and carbon emissions, as well as fighting alcohol abuse and promoting gender balance in its top management teams.
All of the 4,500 employees at Diageo UK can gain 52 weeks of equal parental leave and the first 26 weeks will be fully paid for, the group said in a statement.
The FTSE 100 bagged its fourth session of gains on Tuesday with a 1 percent leap, outshining its counterparts in Europe and on Wall Street. The European Union warned that Britain could be heading for a potentially disorderly exit in 10 days time as Prime Minister Theresa May met with ministers to figure out ways to break the deadlock over terms of the departure. Spreadex analyst Connor Campbell said both sterling and the midcaps seemed to be holding off until after a five-hour cabinet meeting today.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Based on Diageo plc's (LON:DGE) earnings update in December 2018, analysts seem...
The FTSE 100 added 0.3 percent, lagging behind European peers as Brexit uncertainties kept a lid on gains, while the FTSE 250 firmed by 0.5 percent. After British lawmakers on Monday wrested control of the parliamentary agenda from the government for a day in the hope of breaking the Brexit deadlock, two eurosceptic MPs indicated they might support Prime Minister Theresa May's EU divorce deal rather than risk parliament cancelling the exit.
The FTSE 100 shed almost 150 points as it sank 2 percent and the more domestically-exposed FTSE 250 slipped 1.8 percent or almost 350 points. Both indexes suffered their worst day since December. Sterling rallied after the euro weakened and as European Union leaders gave Prime Minister Theresa May two more weeks, until April 12, to decide how to leave the European Union.
Drinks group Pernod Ricard, which is being targeted by activist investor Elliott, said its business in Europe, the Middle East, Africa and Latin America (EMEA/LATAM) was well positioned for "solid top line growth and margin improvement". Pernod Ricard, the world's second-biggest spirits group behind Diageo, also said that while the disposal of non-core assets was part of its strategy, its wine business was "a nice complement" to its spirits operations. Pernod Ricard is under pressure from New York hedge fund Elliott Management to improve profit margins and corporate governance.
Britain's parliament approved asking the European Union for a short delay if lawmakers can agree on a Brexit deal by March 20, or a longer delay if nothing can be agreed in time. Stocks deemed to be less risky at times of economic uncertainty also contributed to gains with consumer giant Unilever, tobacco firm British American Tobacco and pharmaceutical company GlaxoSmithKline rising. Spreadex analyst Connor Campbell said the need for the EU to unanimously approve any delay meant some uncertainty remained, thus drawing investors to defensive stocks.
By Foo Yun Chee and Klaus Lauer BERLIN (Reuters) - European Union regulators are unlikely to rule by the end of March on whether a UK tax scheme for multinationals breaches EU rules on state aid, Europe's ...