|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's range||166.84 - 167.98|
|52-week range||131.43 - 176.07|
|Beta (3Y monthly)||0.41|
|PE ratio (TTM)||26.19|
|Forward dividend & yield||4.24 (2.56%)|
|1y target est||172.74|
Scotland's Unite union said that 500 workers at Diageo's Cameron Bridge, Leven and Shieldhall sites have voted in support of industrial action, with strikes at the company's distilling and bottling plants now likely to begin in September and go on till November. Members of the union were balloted for strike action after a 2.8% pay raise offer by Diageo was rejected by the union last month. "Unite would urge Diageo to get back round the negotiating table with a new offer which fairly rewards its workers who have earned these massive profits for the company," Unite regional industrial officer Bob MacGregor said.
Worldwide, in 2016, 57 per cent of those aged 15 or over had not drunk alcohol in the previous 12 months, according to World Health Organization figures. Among 25- to 44-year-olds, non-drinkers rose from 15.5 per cent in 2005 to 20.6 per cent in 2017.
A European subsidiary of British beverage giant Diageo Plc signed a joint venture deal with state-run Cuba Ron SA on Monday to market Santiago de Cuba Rum, in defiance of U.S. efforts to dissuade investment in the Communist-run country. The new 50-50 venture, Ron Santiago SA, will have exclusive international rights to the premium brand, considered the best by local residents along with Havana Club, which is marketed by French firm Pernod Ricard under a similar arrangement signed in the 1990s. The agreement comes at a time when the United States is ramping up sanctions on Cuba and trying to thwart foreign investment there.
Diageo, the world’s largest spirits maker, has increased its holding in “game-changing” non-alcoholic spirit brand Seedlip to a majority stake, as it seeks to cater to the growing number of teetotallers. Seedlip is a premium-priced, non-alcoholic spirit that is often sold as an alternative to gin. Since then, Seedlip has launched in more than 25 countries and is served in more than 300 Michelin-starred restaurants.
The maker of Johnnie Walker whisky and Tanqueray gin bought a 20% stake in the maker of spice-based drinks in 2016 through its venture capital arm Distill Ventures. Diageo uses Distill Ventures to invest in small brands that tap into emerging consumer tastes and trends. Shares of Diageo, which did not disclose the terms of the transaction, were up 1%.
Diageo (DEO) posts earnings and sales growth for fiscal 2019 on strength across all operations and solid organic operating profit growth. However, its sales view for fiscal 2020 disappoints.
Diageo reported pre-exceptional earnings per share of 130.8 pence, beating company supplied estimates of 128.8 pence, saying results were also helped by an improved price mix and cost controls. Diageo has been restructuring in recent years to improve performance and streamline its portfolio, while trying to bulk up on newer, hipper brands. The maker of Johnnie Walker scotch whisky, Smirnoff vodka and Guinness stout said operating profit rose 10% to 4 billion pounds ($5 billion) for the year ended June 30.
Talks over pay between Diageo Plc and two of its biggest Scottish unions fell apart on Wednesday, threatening the production of some the region's most popular whiskies. Members of Scotland's Unite and GMB unions, who make up more than half of Diageo's 3,500 Scottish workforce, will ballot workers for strike action after rejecting on Wednesday an offer to increase pay by 2.8%. Last week, the unions rejected a 2.5% pay raise.
As the U.K. struggles to leave the European Union, it faces two very different views of the economic future. Negotiating the claims and counterclaims isn’t easy.
WHISTLER, BC , June 4, 2019 /CNW/ - WORLD CLASS CANADA showcases top bartenders from across the country who compete for the opportunity to represent Canada at the WORLD CLASS Global Finals that begin in Amsterdam, Netherlands on September 21 st, 2019 before moving on to Scotland's Isle of Skye and finally Glasgow for the final events, including the announcement of WORLD CLASS Global Bartender of the Year 2019 on September 26 th, 2019.
London's FTSE 100 shed losses to bag gains as investors flocked to defensive stocks after an exchange of trade threats between the U.S. and China stoked fears of a slide into recession, while a profit warning sent builder Kier to its lowest in two decades. The main FTSE 100 index ended 0.3% higher, after earlier hitting its lowest level since March 8, while the midcap index lost 0.5%.
London's FTSE 100 fell almost 1% on Friday after U.S. President Donald Trump's threat of tariffs on Mexico and disappointing manufacturing data from China stoked global downturn fears. The main index hit a more than two-and-a-half month low, while the mid-cap FTSE 250 fell 0.7%, with both recording their first monthly falls this year. Data on Friday showed China's factory activity shrank more than expected in May, another of the economic ramifications of the Sino-U.S. trade dispute.
London's top share index rose on Thursday as the pound slipped on concerns that outgoing Prime Minister Theresa May's successor might push for a hard Brexit, helping more internationally focused stocks gain. The FTSE 100, whose components earn a large chunk of their revenue from outside the UK, rose 0.5%.
VANCOUVER, British Columbia , May 23, 2019 /CNW/ -- Trait Biosciences Inc., a rapidly growing leader in bio-technology focused on advancing the science of cannabinoid production within the Hemp & Cannabis industry, has appointed Peter J. McDonough , a proven global marketing leader, as its Chief Executive Officer. McDonough, who previously served on Trait's Board of Directors, takes the reins from Joseph del Moral, a cannabis industry veteran who successfully led the early formation of Trait. The Board's decision to change the company's leadership reflects Trait's expanding technology platforms and interest in leveraging McDonough's expertise in directing the science to support innovative CBD products within the rapidly evolving Hemp & Cannabis industry.