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Stock Market & Financial Investment News

News Breaks
February 23, 2013
14:42 EDTRDS.A, HBC, VOD, DEO, BPMoody's downgrades UK's government bond rating to Aa1 from Aaa
On Friday evening, Moody's Investors Service has downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch to Aa1 from Aaa. The outlook on the ratings is now stable. The key interrelated drivers of today's action are: 1.The continuing weakness in the UK's medium-term growth outlook, with a period of sluggish growth which Moody's now expects will extend into the second half of the decade; 2.The challenges that subdued medium-term growth prospects pose to the government's fiscal consolidation programme, which will now extend well into the next parliament; 3. And, as a consequence of the UK's high and rising debt burden, a deterioration in the shock-absorption capacity of the government's balance sheet, which is unlikely to reverse before 2016.
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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."
April 15, 2014
06:18 EDTDEODiageo launches tender offer for up to 26% of United Spirits Limited
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April 10, 2014
16:00 EDTAOptions Update; April 10, 2014
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April 7, 2014
08:34 EDTDEOBrown-Forman eyeing Whyte & Mackay acquisition, Reuters reports
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