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Stock Market & Financial Investment News

News Breaks
January 17, 2014
07:52 EDTDEO, BEAMMost 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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April 27, 2015
05:58 EDTDEODiageo faces headache in deal for India drinks business, Financial Times says
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April 16, 2015
09:11 EDTDEODiageo reports Q3 sales down 0.7%
Diageo reports that in the nine months ended March 31, net sales declined 0.3% on an organic basis and were down 0.7% in the quarter, with volume down 1.7% in the nine month period and 0.8% in the quarter. In the nine month period reported net sales grew 4.6%. Acquisitions, principally United Spirits Limited, contributed GBP700M, partially offset by an adverse impact of currency movements of GBP298M and a reduction of GBP28M due to disposals. CEO Ivan Menezes commented: "Our performance in the quarter reflects continued tough conditions in the emerging markets and subdued consumer demand in some developed markets. However it also reflects the actions we have taken to ensure we are building a stronger business. Of key importance is that depletions continue to outpace shipments as we embed our sell out culture."

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