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Stock Market & Financial Investment News

News Breaks
June 28, 2013
05:57 EDTPDRDY, DEODiageo takes on Missouri's 1930s wholesaler rules, WSJ reports
The "Missouri Liquor Wars," a fight between the world's biggest liquor makers and a family-owned wholesaler, could change the way spirits are sold in the U.S. and undo one of the last vestiges of the 1930s Prohibition, reports the Wall Street Journal..The issue is post-Prohibition-era regulations in about a 12 U.S. states that can lock in liquor producers with specific wholesalers, making it difficult to consolidate middlemen or change distributors. Diageo (DEO), Bacardi Ltd., Pernod Ricard (PDRDY) and their Washington lobby say thos laws artificially prop up local wholesalers and drive up distribution costs. They want the right to consolidate their wholesalers. Reference Link
News For DEO;PDRDY From The Last 14 Days
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July 30, 2015
06:59 EDTDEODiageo CEO sees stronger volume growth, top line performance in FY16
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06:57 EDTDEODiageo sees productivity gains to release further GBP500M of cost
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06:56 EDTDEODiageo reports FY EPS before items of 88.8p
Diageo reported FY net sales up 5%, with full consolidation of United Spirits. Reported FY free cash flow of GBP2B, up GBP0.7B. Reported FY organic net sales flat, with organic operating margin up 24bps. Reported FY shipment volume down 1%; depletion volume is estimated to be up 1%.
July 28, 2015
12:00 EDTDEODiageo announces restructuring of South African, Namibian operations
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July 24, 2015
08:39 EDTDEODiageo investors right to be nervous, says Bernstein
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July 23, 2015
15:29 EDTDEODiageo drops nearly 5% following WSJ report of excess inventory shipments
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15:23 EDTDEOSEC investigates Diageo over excess inventory offloading, WSJ says
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14:59 EDTDEOSEC probing allegations of Diageo shipping excess inventories, WSJ reports
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July 21, 2015
10:01 EDTDEOOn The Fly: Analyst Initiation Summary
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July 20, 2015
16:44 EDTDEODiageo initiated with a Buy at Sterne Agee CRT
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