Diageo Share Discussion Threads

[philanderer] 18/3/2021 16:21

Diageo North America Named Austin FC Founding Partner In Groundbreaking Spirits Sponsorship Deal

[philanderer] 04/3/2021 14:10

Johnnie Walker maker Diageo welcomes end to tariffs on whisky exports to US

[philanderer] 03/3/2021 14:38

Chancellor freezes tax on alcohol in Budget

[philanderer] 22/2/2021 19:11

Diageo launches Tanqueray 0.0%


Diageo has launched a 0.0% abv version of its Tanqueray gin brand in a bid to capitalise upon soaring demand for alcohol-free drinks.

Tanqueray 0.0% uses the same blend of quality botanicals used in the making of Tanqueray London Dry gin, including juniper, coriander, angelica and liquorice. It has just six calories per 50cl measure.

The brand will launch next month in Spain and the UK, where it will have a recommended retail price of £17 per 70cl bottle. Waitrose, Morrisons and Sainsbury’s have already ordered it.


[...]

[philanderer] 16/2/2021 11:39

Nick Train: Diageo growth trend will persist


The trend for ‘premiumisation’ within alcohol brands will help propel Diageo (DGE) for the foreseeable future, says Nick Train, manager of the Finsbury Growth & Income (FGT) investment trust.

In the January fund factsheet, Train said Diageo – which is the second largest holding in the £1.9bn portfolio at 10.3% – had increased revenues in the second half of last year. A 2% hike in the interim dividend ‘came sooner than I expected and is most welcome’, he added.

‘People talk about the effects of Covid-19 on consumer behaviour, particularly in relation to the adoption of technology,’ said Train

‘But this is also true of other pre-existing trends. For instance, between 2014 and 2019, spirits gained 5% extra share of the global alcoholic beverage industry, at the expense of beer and wine. That trend has really kicked on again during lockdown.’

The manager also noted that it took 10 years for e-commerce sales of booze to reach 5% of the UK market, but lockdown has accelerated the trend and the share is now 13%.

‘Premiumisation and new routes to market will help Diageo grow for the foreseeable future and protect its profit margins,’ he said.

Shares in Diageo closed up 1.8%, or 54p, at £30.63 yesterday.

[philanderer] 07/2/2021 12:26

Guinness raises a toast to year ahead in inspiring new Super Bowl advert staring Joe Montana


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[philanderer] 03/2/2021 15:32

Finding it tricky to hold above 3000p

I suppose it doesn't help when a director sells £450k's worth

[philanderer] 02/2/2021 14:14

Diageo Named Number One Company In Beverages Sector In 'Britain's Most Admired Companies 2020' Survey

[philanderer] 01/2/2021 12:15

HSBC RAISES DIAGEO PRICE TARGET TO 3,550 (3,450) PENCE - 'BUY'

[philanderer] 29/1/2021 11:08

BERNSTEIN CUTS DIAGEO PRICE TARGET TO 3380 (3520) PENCE - 'OUTPERFORM'

BARCLAYS RAISES DIAGEO PRICE TARGET TO 3640 (3570) PENCE - 'OVERWEIGHT'

DZ BANK RAISES FAIR VALUE FOR DIAGEO TO 3500 (3400) PENCE - 'BUY'

JEFFERIES RAISES DIAGEO PRICE TARGET TO 3600 (3500) PENCE - 'BUY'

DEUTSCHE BANK RAISES DIAGEO PRICE TARGET TO 4000 (3850) PENCE - 'BUY'

BERENBERG RAISES DIAGEO PRICE TARGET TO 3250 (3080) PENCE - 'HOLD'

GOLDMAN SACHS RAISES DIAGEO PRICE TARGET TO 3400 (3300) PENCE - 'BUY'

[philanderer] 28/1/2021 13:45

Analysts at RBC Capital Markets labelled this US performance “extraordinary”.

[philanderer] 28/1/2021 13:41

Store and online sales help Guinness owner Diageo offset Covid impact

Smirnoff maker pays dividend despite 10% decline in global pre-tax profits and 5% drop in sales to £6.9bn

[philanderer] 28/1/2021 10:11

That'll do nicely :-)

[paulisi] 28/1/2021 08:04

Income funds will buy into this. Safe increasing dividend, solid results under the circumstances.

[pugugly] 28/1/2021 07:36

Not good but may be better than exected

Encouraging return to growth, good cash generation and increased dividend

Basic eps of 67.6 pence decreased 14.6%. Pre-exceptional eps declined 12.8% to 69.9 pence, driven primarily by unfavourable exchange and lower operating profit.


Will need to see how market reacts

[spoole5] 28/1/2021 07:35

Very respectable figures under the circumstances, not a great day to be reporting though.

[philanderer] 23/1/2021 00:43

Market report

Investors were keeping a watchful eye on Diageo ahead of its update next week. The Smirnoff and Guinness owner is expected to reveal a 4.6 per cent sales slump, according to analysts.

Shares barely moved, just edging lower by 0.02 per cent, or 0.5p, to 2908.5p.

[philanderer] 22/1/2021 15:07

Interims next thursday

[philanderer] 20/1/2021 13:54

BARCLAYS RAISES DIAGEO PRICE TARGET TO 3,570 (3,040) PENCE - 'OVERWEIGHT'

[philanderer] 15/1/2021 11:44

DEUTSCHE BANK CUTS DIAGEO PRICE TARGET TO 3,850 (3,900) PENCE - 'BUY'

BERENBERG RAISES DIAGEO PRICE TARGET TO 3,080 (2,810) PENCE - 'HOLD'

[philanderer] 12/1/2021 13:04

BERNSTEIN CUTS DIAGEO PRICE TARGET TO 3,520 (3,590) PENCE - 'OUTPERFORM'