Diageo Share Discussion Threads

[killieboy] 11/2/2011 19:53

Press reports generally negative today - allways a sign to top up!

[pabloiom] 11/2/2011 16:57

Comment from JPJShare.com

[broadwood] 10/2/2011 07:14

The leading global drinks company.Announcement today should be enough to keep the momentum going,



"Momentum is building in our business. Our top line performance was stronger and price/mix improved. We have increased marketing spend significantly, up 10%, but in a very focused way. 35% of the increase was behind strategic brands in US spirits to build the brand equity as we move away from promotional support and over 60% of the increase was on our brands in the faster growing emerging markets. Despite the economic weakness in much of Europe, our first half performance gives me increased confidence that we will improve on the organic operating profit growth we delivered in fiscal 2010".

[nellie1973] 06/1/2011 13:23

Broker upgrade today

[wad collector] 20/12/2010 11:29

In the beverage sector, shares of Diageo PLC gained 1.3% after UniCredit Bank upgraded the stock to buy from hold. The broker also raised its recommendation on rival Pernod Ricard to hold from sell.

"Our preference between the two stocks is to be buyers of Diageo where we believe the valuation is more attractive and the risks to growth significantly lower," UniCredit wrote in a note to clients.

£12 now breached - all time high?

[nellie1973] 20/12/2010 08:56

Broker upgrade

[wad collector] 21/10/2010 22:47

5 yr high now.Happy to hold.

[lochgarman] 21/10/2010 18:42

inv..this is still very much undervalued.

[inv] 21/10/2010 14:25

still grossly overpriced

[killieboy] 21/10/2010 14:12

Pernod and Remy revenues up. You can always rely on the French to drink and smoke their way out of trouble!! BUY DGE & IMT.

[inv] 21/10/2010 14:07

very frothy. WILL DROP BACK

[ice berg] 21/10/2010 11:29

wot happin ere

[wad collector] 15/10/2010 17:42

Solid looking results today - I am tempted to add some more here as the price looks enticing to me.

[call-logger] 10/9/2010 01:00

Thanks.

I shall consider it a tax on the unnecessarily inaccurate

Actually, I would guess it adds up to a tidy sum?

[wad collector] 09/9/2010 21:40

I'll give you my halfpennies.

[call-logger] 08/9/2010 08:40

Actually 23.5p

[wad collector] 08/9/2010 08:30

Xd 24P this am.

[ariane] 04/9/2010 08:51

source: the telegraph

Drinks industry at war over tax
Brewers have launched a furious backlash against Diageo's drinks tax proposals, branding them a "ruse" to make spirits relatively cheaper and calling for the Smirnoff-to-Guinness giant to be thrown out of the beer industry's trade body.

By Jonathan Sibun, Assistant City Editor
Published: 8:00AM BST 04 Sep 2010

Comment


Drinks industry at war over tax Diageo owns eight of the world's top 20 premium spirit brands but is also Britain's third biggest on-trade brewer via Guinness and a member of the British Beer & Pub Association (BBPA).

Its decision earlier this week to call for equivalence across all alcohol taxes in a move that would see beer duty rise has brought condemnation.


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Export-focused craft brewer seeks route into UK pub marketRalph Findlay, the chairman of the British Beer & Pub Association, has called for an urgent meeting with Simon Litherland, Diageo's UK chief. Mr Litherland will meet with Mr Findlay next week.

Brigid Simmonds, BBPA chief executive, said: "Some members are very concerned that one of our members is pushing for something that is so dramatically opposed to others' interests. It is possible [to remove them] but I certainly wouldn't say that is going to happen."

Tim Martin, the JD Wetherspoon boss, on Thursday branded Diageo "a bunch of morons" and other drinks industry insiders on Friday took a similar line.

"They're entitled to push for equivalence, but they can't ride with the horses and the hounds," said one source, referring to Diageo's position as a BBPA member.

However, others suggested the review had led both sides to talk up their own interests in a bid to protect profits.

"It's hypocritical to accuse Diageo of vested interest while simultaneously defending a tax advantage for beer," said another brewing source.

Diageo's call came in its submission to a Treasury review on alcohol duty. The company suggested freezing duty on spirits and bringing wine, beer and cider duty into line.

In a summary of SABMiller's submission, seen by The Daily Telegraph, the Peroni brewer claimed equalisation would lead to 17p being added to a pint of beer. It said spirits duty was currently levied at 1.4 times beer duty.

Kristin Wolfe, head of alcohol policy at SABMiller, said: "Excise tax 'equalisation' is a ruse for making high strength alcohol cheaper relative to low strength alternatives," she said.

Ms Wolfe pointed to the lower production costs associated with spirits. "Unless spirits are taxed proportionately higher, they can be sold at a much lower price per unit."

Mark Hunter, head of Molson Coors in the UK, branded Diageo's call "self-serving".

The vehemence of the beer industry's attack is a reflection of its embattled state. More than 2,300 UK pubs closed in 2009.

Mr Hunter said: "In real terms, the duty on beer rose 17pc between 2007 and 2009, while sales fell by 1 in 4 pints. Spirits sales have risen by 32pc over the same period stimulated by a decade of duty freezes, in real terms a tax decrease of -21pc."

A Diageo spokesman said: "Alcohol is alcohol and we believe that people should know they are paying the same tax per unit whether it is a pint of Guinness, a glass of Blossom Hill or a glass of Johnnie Walker. This is about making the tax system fair.

"Our proposal would ensure that all alcohol is taxed according to strength. Stronger alcoholic drinks will attract proportionately more tax than weaker alcoholic drinks," he said, stressing the proposal, if introduced, would only come in over time.