Top investors question Diageo's growth goals
Diageo's new finance chief Nik Jhangiani is under pressure to row back on the spirits giant's medium-term sales goals next week, which some investors say may no longer be realistic given sliding sales across the sector.
Diageo to sell Guinness Ghana stake to Castel for $81 mln
Spirits giant Diageo has agreed to sell its 80.4% shareholding in Guinness Ghana to Castel Group for $81 million, it said on Tuesday, continuing to refine its operating model in Africa.
Diageo denial of Guinness sales underlines recovery story, Jefferies believes
Diageo PLC's (LSE:DGE) confirmation that Guinness or its MH stake (34%) are not for sale points to confidence that cash and returns will improve as recovery becomes visible according to US broker Jefferies. The brokers added that the market narrative around such disposals is that they will help to unlock value through accelerating deleveraging and bringing forward buybacks.
Diageo dismisses Guinness and Moet Hennessy sale reports
Guinness owner Diageo has dismissed reports that it might sell the iconic black stout or its stake in spirits group Moet Hennessy. Bloomberg News reported on Friday that the company was exploring options for Guinness and champagne and cognac giant Moet Hennessy.
Diageo says it has no intention to sell Guinness or stake in Moet Hennessy
Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessy, LVMH's drinks unit, the world's top spirits makers said on Sunday.
Diageo denies reports that it is considering selling Guinness or its stake in Moët Hennessy
Diageo has denied reports that it is considering selling Guinness or its stake in Moët Hennessy. Bloomberg had reported that the company was reviewing its portfolio.
Diageo Offloads Cacique Rum Brand: What Does This Mean for the Stock?
DEO's strategic shifts with the Cacique sale and productivity initiatives pave the way for future growth and market expansion.
UK's Fundsmith says it shed Diageo over management issues, weight loss drugs
Britain's Terry Smith made public for the first time on Thursday why his fund dumped its Diageo stake last year, citing problems with its new management and early signs that weight loss drugs threatened the drinks sector.
United States Steel, Diageo And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining more than 100 points on Friday.
Diageo Stock: Dividend Aristocrat At A Discount
Diageo's cost-cutting measures aim to save $2 billion over three years, potentially boosting EPS by 30% and offering double-digit returns at current valuation. Despite a slight decline in net sales, Diageo's strong presence in emerging markets like China and India bodes well for future growth. With a 3.3% dividend yield and solid free cash flow, Diageo remains a reliable dividend aristocrat with a robust financial foundation.
Diageo: Premiumization Drives Future Growth; Initiating With 'Buy'
Diageo's diversified portfolio and global distribution channels support its growth, despite a 0.6% organic revenue decline in FY24 due to weak consumer sentiment. The company's premiumization strategy and acquisitions, like Don Papa Rum, are driving price growth and improving margins, making it an attractive investment. Diageo's solid capital allocation, including significant dividends and share repurchases, reflects a healthy balance sheet and strong shareholder returns.
Diageo 'tapping' Irish reserves to offset Guinness shortage
Guinness owner Diageo PLC (LSE:DGE)is reportedly shipping supplies from its reserves from Ireland to the UK to alleviate a shortage of the famous black stout. Stories have been running for weeks ag about shortages of Guinness with some pubs introducing ration cards to distribute what they get fairly.
