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Stock Market & Financial Investment News

News Breaks
January 17, 2014
07:52 EDTBEAM, DEOMost analysts see competing bid for Beam unlikely, FT says
Liberum analyst Pablo Zuanic thinks Diageo (DEO) or Pernod Ricard should mount a counterbid for Beam (BEAM) to compete against the offer from Suntory, but he is in the minority, as most analysts believe the price, competition issues for Diageo, and Pernodís financial situation mean a counterbid is unlikely, according to Financial Times. Reference Link
News For BEAM;DEO From The Last 14 Days
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January 27, 2015
07:18 EDTDEODiageo extends payment delay to 90 days for small suppliers, Telegraph says
Diageo (DEO), owner of Guinness and Johnnie Walker, notified suppliers it will delay payment for 90 days on all new contracts and tenders from February 1 onwards, reports the Telegraph. The notice also stated suppliers would have access to Santander (SAN) financing if any monetary issues arise due to the new policy. The Forum of Private Business plans to challenge Diageo on the matter. Reference Link

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