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News Breaks
April 17, 2014
09:28 EDTDEODiageo reports organic net sales down 1.3% in Q3
Diageo said organic net sales declined 1.3%. Volume declined 2% in the nine months ended March 31 and 1% in the third quarter. As a result of recent developments in Venezuela, including the new currency exchange mechanism and the related reporting implications, Diageo has translated the groupís Venezuelan operations for the quarter and for the nine months at a rate of $1 = VEF49.81. Reported net sales were down 7.4% in the nine months due to the impact of adverse currency movements and the termination of the distribution agreement with Jose Cuervo. CEO Ivan Menezes said, "Our performance reflects the challenging environment we are operating in. Consumers in North America are most resilient, as are consumers of our reserve brands in most markets."
News For DEO From The Last 14 Days
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July 25, 2014
10:55 EDTDEOHigh option volume stocks
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July 24, 2014
10:19 EDTDEOHigh option volume stocks
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July 17, 2014
10:00 EDTDEOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Buy from Strong Buy at ISI Group... Charter (CHTR) downgraded to Hold from Buy at Jefferies... Covidien (COV) downgraded to Hold from Buy at Needham... Diageo (DEO) downgraded to Underweight from Neutral at JPMorgan... GNC Holdings (GNC) downgraded to Hold from Buy at Jefferies... International Game (IGT) downgraded to Market Perform from Outperform at BMO Capital... JAVELIN Mortgage (JMI) downgraded to Market Perform from Outperform at JMP Securities... Macquarie Group (MQBKY) downgraded to Underweight from Neutral at JPMorgan... PNC Financial (PNC) downgraded to Neutral from Buy at Compass Point... PetSmart (PETM) downgraded to Sector Perform from Outperform at RBC Capital... Rexam (REXMY) downgraded to Hold from Buy at Deutsche Bank.
07:11 EDTDEODiageo downgraded to Underweight from Neutral at JPMorgan
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July 15, 2014
11:45 EDTDEODiageo downgraded to Sell from Hold at Societe Generale
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July 14, 2014
06:27 EDTDEOAB InBev considering bid for SABMiller, FT reports
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