DEO - Diageo plc
| Previous close | 163.10 |
| Open | 162.64 |
| Bid | 161.70 x 2200 |
| Ask | 161.73 x 900 |
| Day's range | 161.21 - 162.96 |
| 52-week range | 131.43 - 176.22 |
| Volume | 490,228 |
| Avg. volume | 372,692 |
| Market cap | 95.379B |
| Beta (3Y monthly) | 0.39 |
| PE ratio (TTM) | 25.20 |
| EPS (TTM) | 6.40 |
| Earnings date | N/A |
| Forward dividend & yield | 4.24 (2.60%) |
| Ex-dividend date | 2019-08-08 |
| 1y target est | 172.74 |
- Reuters
Banks propel FTSE higher after flurry of central bank meetings
The FTSE 100 index ended 0.6% higher and the mid-cap FTSE 250 index rose 0.2%, with the financial sector boosting both the indexes. Central banks around the world have been loosening monetary policy to stem a slowdown in economic growth. CMC Markets analyst Michael Hewson said the Fed's signal to hold back on further cuts was probably not priced in.
- Reuters
Diageo keeps organic sales forecast, says not immune to trade policy changes
The Johnnie Walker whisky and Tanqueray gin maker said it continues to expect organic net sales growth to be towards the mid-point of a 4% to 6% range and organic operating profit to grow roughly one percentage point ahead of organic net sales. The company also said it expects first-half organic operating profit growth to be in-line with or slightly behind organic net sales growth, due to stronger prior year comparables. "We would not be immune from significant changes to global trade policy and continue to monitor this closely," Chief Executive Ivan Menezes said in a statement.
- Reuters
Diageo averts strike with unions over pay at Scottish distilleries
The two-year deal includes a 3% pay increase in the first year and then a cost of living increase and a performance-based incentive bonus in the second year, the company said. More than 1,000 workers at Diageo's Scottish distilleries were set to go on strike, starting 2100 GMT on Tuesday. "The offer is a two-year commitment on pay and also sets out a time frame for the negotiation of a new collective agreement," GMB Scotland said http://bit.ly/2ZYXsJC.
- Reuters
Diageo unions demand 5% pay rise as they prepare for strikes: source
A Diageo spokeswoman said that the unions had initially demanded 5% pay hikes when talks started in May, but had since come down to 3.5%. Members of Scotland's Unite and GMB unions, who make up half of Diageo's 3,000 Scottish workforce, are set to go on rolling strikes at the company's Cameronbridge, Leven and Shieldhall sites in Scotland between Sept. 17 and 27, after talks with Diageo collapsed last month. The unions on Aug. 30 again rejected Diageo's offer to increase wages by 2.8%, after rejecting a prior offer of 2.5%.
- Reuters
Diageo Scottish union reveals strike action dates
The union said in August that 500 workers at Diageo's Cameron Bridge, Leven and Shieldhall sites had voted in support of industrial action, with strikes at the company's distilling and bottling plants likely to begin in September and go on till November. Unite said that strikes would take place between Sept. 18 to 19 and between Sept. 26 to 27 at Diageo's Cameron Bridge and between Sept. 19 to 20 and between Sept. 26 to 27 at the Leven plant. "Unite warned weeks ago that unless Diageo made a fair offer then our membership would take strike action", Unite regional industrial officer Bob MacGregor said adding that "The door always remains open to further negotiations but strike action is now imminent".
- Zacks
Diageo Gains on Innovation, Expansion Efforts: Can It Sustain?
Diageo (DEO) displays solid momentum on strong fundamentals as well as innovation and expansion initiatives. This bolsters the company's performance over the years.
- Zacks
AB InBev Displays Solid 6-Month Run-Up, Adds More Than 25%
AB InBev's (BUD) premiumization efforts as well as ongoing revenue management initiatives and strength in global brands position it for robust sales growth in the quarters ahead.
- Yahoo Finance Video
Bourbon exec: Tariffs have had a ‘significant impact’ on business
Old Forester's president says tariffs are bad for his business.
- Yahoo Finance
Millennial drinking habits show why White Claw and hard seltzers are just getting started
Millennial and Gen Z drinkers reveal they are ditching beer for hard seltzers like White Claw, because beer "makes them fat," according to a new survey.
- Reuters
Diageo Scottish union threatens to go on strike in September
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.
- Reuters
Beverage giant Diageo to market Cuban rum
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.
- Reuters
Diageo buys majority stake in non-alcoholic spirit maker Seedlip
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%.
- Motley Fool
Diageo Benefits From Rising Spirit Prices
Growth was broad based, but tequila was the star once again.
- Zacks
Diageo (DEO) FY19 Earnings Gain, Soft Sales View Hurts Stock
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.
- Reuters
Game of Thrones inspired scotch boosts Diageo's sales
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.
- Reuters
Diageo fails to reach pay deal with Scottish unions, faces strikes
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.
- Zacks
Diageo's (DEO) Strategic Efforts to Boost FY19 Earnings
Diageo (DEO) benefits from its innovation and expansion strategy. This is likely to drive the company's performance in fiscal 2019.
- Motley Fool
This Major Marijuana Grower Reiterates Its Desire to Find a Beverage Partner
Three brand-name beverage companies could be the perfect partner for this Atlantic-based pot stock.
