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Stock Market & Financial Investment News

News Breaks
February 23, 2013
14:42 EDTDEO, BP, RDS.A, HBC, VODMoody'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.
News For A;DEO From The Last 14 Days
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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."
April 13, 2015
16:18 EDTAeBay announces executive appointments ahead of PayPal separation
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