DEO - Diageo plc

NYSE - NYSE Delayed Price. Currency in USD
137.20
+1.27 (+0.93%)
At close: 4:00PM EDT

137.60 +0.40 (0.29%)
Before hours: 8:28AM EDT

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Previous Close135.93
Open138.00
Bid137.53 x 800
Ask137.69 x 800
Day's Range137.18 - 138.50
52 Week Range100.52 - 176.22
Volume323,348
Avg. Volume502,250
Market Cap79.863B
Beta (5Y Monthly)0.33
PE Ratio (TTM)21.42
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.72 (1.99%)
Ex-Dividend DateFeb. 27, 2020
1y Target EstN/A
  • Bloomberg

    Zuckerberg to Meet Civil Rights Groups That Led Facebook Boycott

    (Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg will meet with at least three civil rights groups on Tuesday after their organizations led an advertising boycott of the social media giant.The Facebook executives will meet with Anti-Defamation League Chief Executive Officer Jonathan Greenblatt, Color of Change President Rashad Robinson and Derrick Johnson, chief executive officer of the National Association for the Advancement of Colored People, a Facebook spokesman confirmed.Facebook and the groups didn’t disclose further details of the meeting.Facebook reached out to the civil rights groups last week to arrange a meeting with Sandberg and Chief Product Officer Chris Cox, a company spokesman said. The civil rights groups said they wanted Zuckerberg to be at the meeting and he later confirmed he would attend, the spokesman added.Starbucks Corp., Levi Strauss & Co., PepsiCo Inc. and Diageo Plc were among the most recent companies to say they’re curtailing ad spending, part of an exodus aimed at pushing Facebook and its peers to suppress posts that glorify violence, divide and misinform the public, and promote racism and discrimination.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Constellation Brands buys direct-to-consumer Empathy Wines
    Yahoo Finance

    Constellation Brands buys direct-to-consumer Empathy Wines

    Constellation Brands inks a splashy deal with a well known, up and coming wine brand. Yahoo Finance speaks to the two people behind the transaction.

  • Microsoft Pauses Facebook, Instagram Advertising Spending
    Bloomberg

    Microsoft Pauses Facebook, Instagram Advertising Spending

    (Bloomberg) -- Microsoft Corp. has paused global advertising spending on Facebook Inc. and Instagram because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter.The software giant spent an estimated $116 million in Facebook advertising in 2019, and was the company’s third-largest advertiser last year, according to data from Pathmatics. Microsoft initially halted spending on the sites in the U.S. in May and has now expanded that globally, said the person, who didn’t want to be named discussing internal corporate matters. Axios earlier reported the move, citing comments from Chief Marketing Officer Chris Capossela in an internal Microsoft message board.Capossela did not immediately return an email asking for comment.A list of companies pulling back spending on Facebook properties is lengthening almost by the minute, part of an exodus aimed at pushing the social network and its peers to limit hate speech and posts that divide and misinform. Starbucks Corp. and Diageo Plc, Ford Motor Co. and HP Inc. are among those who said they are stopping ads on social networks for now.Microsoft’s concerns relate purely to the placement of ads next to certain content and aren’t a statement about Facebook’s policies, the person said.The company has spoken with Facebook and Instagram executives on what steps will be needed to resume spending and expects the advertising halt to be in effect through August.Although it didn’t disclose it publicly at the time, Microsoft was among companies that pulled ads from YouTube in February 2019 amid concerns about child pornography, the person said.(Updates with timing in the sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Facebook Sales at Risk as Starbucks Bails, GM Plans Review
    Bloomberg

    Facebook Sales at Risk as Starbucks Bails, GM Plans Review

    (Bloomberg) -- Facebook Inc. fielded criticism from a growing number of consumer companies over harmful content on its sites, with Starbucks Corp. and Diageo Plc pulling back on ad spending and General Motors Co. planning to review its social media marketing strategy.Starbucks and Diageo followed Unilever, Coca-Cola Co. and several other companies in saying they will cut ad spending, part of an exodus aimed at pushing Facebook and its peers to limit hate speech and posts that divide and misinform. Microsoft Corp., which was Facebook’s third-largest advertiser last year, has paused global ad spending on the site because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter. The list of companies taking similar action lengthened on Monday. Britvic Plc, which supplies a wide range of soft drinks, Patreon Inc. and The Clorox Co. all said they will stop advertising on Facebook while GM said it’s “reviewing and reinforcing” its marketing guidelines.Read more: How to Go Cold Turkey on $77 Billion of Facebook Ads: Alex WebbWhile a single advertiser can do little to hurt a company that generated $17.7 billion in revenue last quarter, the rising tally creates peer pressure on other brands, and civil rights groups say they expect more corporations to join a boycott. Combined with a pandemic-fueled economic slowdown, the threat to Facebook is deepening.“Given the amount of noise this is drawing, this will have significant impact to Facebook’s business,” Wedbush Securities analyst Bradley Gastwirth wrote in a research note. “Facebook needs to address this issue quickly and effectively in order to stop advertising exits from potentially spiraling out of control.”Shares gained 2.1% Monday to close at $220.64 in New York, after dropping 8.3% on Friday. Unilever, one of the world’s largest advertisers, said it would cease spending on Facebook properties this year, eliminating $56 billion in market value and shaving the net worth of Chief Executive Officer Mark Zuckerberg by more than $7 billion.Facebook was already bracing for weakness in the second quarter, which ends this week. Chief Financial Officer Dave Wehner said in an April earnings call that he saw the “potential for an even more severe advertising industry contraction.”The number of coronavirus cases has surged in the intervening months, prompting many parts of the country to slow or roll back reopening efforts and giving advertisers added justification to rein in spending. Facebook’s sales will rise 1% in the June period, followed by a 7% increase in the third quarter, analysts predict, by far the smallest quarterly growth increases since the company went public.Advertiser boycotts in July could cost Facebook more than $250 million in the third quarter if 25% of its top 100 buyers pause spending, and as much as $500 million if 50% of the top advertisers stop, according to Bloomberg Intelligence analyst Jitendra Waral.Zuckerberg announced changes Friday designed to appease critics, but the Anti-Defamation League, one of the groups calling for the boycott, called the amendments “small.”Some analysts have said the financial impact of recent exits will be limited, citing past advertiser revolts. Even so, this exodus is distinct in key ways, Bernstein Securities analyst Mark Shmulik wrote in a research note Saturday. There’s heightened pressure to publicly demonstrate that brands stand with civil-rights groups, he said.“The current environment is very different,” Shmulik wrote. “It is very visible who is and isn’t participating in the boycott where brand silence [equals] being complicit.”(Updates to add Microsoft withdrawl in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Clorox to halt Facebook ad spending through December
    Yahoo Finance Video

    Clorox to halt Facebook ad spending through December

    Clorox is the latest company to boycott Facebook, pausing all ads on the platform through December. Arisha Hatch, Color of Change's Vice President and Chief of Campaigns, joins Yahoo Finance's Zack Guzman to break down the growing number of companies joining the social media ban.

  • Diageo Plans Sustainability, Strengthens E-commerce Channel
    Zacks

    Diageo Plans Sustainability, Strengthens E-commerce Channel

    Diageo (DEO) looks to strengthen its e-commerce presence to tap the shift of demand from on-premise due to growing in-home consumption amid the coronavirus pandemic.

  • Facebook’s Growing Ad Exodus Means More Risks to Revenue Growth
    Bloomberg

    Facebook’s Growing Ad Exodus Means More Risks to Revenue Growth

    (Bloomberg) -- A growing list of Facebook Inc.’s advertisers is set to halt spending on social media, undermining the company’s sales outlook and putting its stock price under further pressure.Starbucks Corp., Levi Strauss & Co., PepsiCo Inc. and Diageo Plc were among the most recent companies to say they’re curtailing ad spending, part of an exodus aimed at pushing Facebook and its peers to suppress posts that glorify violence, divide and disinform the public, and promote racism and discrimination.No single company can significantly dent growth at Facebook, which generated $17.7 billion in revenue last quarter alone. But a rising tally adds to pressure on other brands to follow suit, and when combined with a pandemic-fueled economic slowdown, the threat to Facebook deepens.“Given the amount of noise this is drawing, this will have significant impact to Facebook’s business,” Wedbush Securities analyst Bradley Gastwirth wrote in a research note. “Facebook needs to address this issue quickly and effectively in order to stop advertising exits from potentially spiraling out of control.”As more brands publicize plans to join boycotts or otherwise rein in ad spending, Facebook shares remain under pressure. The stock tumbled 8.3% Friday after Unilever, one of the world’s largest advertisers, said it would halt spending on Facebook properties this year, eliminating $56 billion in market value and shaving the net worth of Chief Executive Officer Mark Zuckerberg by more than $7 billion. Shares closed at $216.08 Friday after reaching a record $242.24 the preceding Tuesday.Facebook was already bracing for weakness in the second quarter, which ends this week. Chief Financial Officer Dave Wehner noted in an April earnings call the “potential for an even more severe advertising industry contraction.”The number of coronavirus cases has surged in the intervening months, prompting many parts of the country to slow or roll-back reopening efforts and giving advertisers added justification to rein in marketing spending. Facebook will eke out 1% revenue growth in the June period, followed by a 7% increase in the third quarter, according to analysts’ current projections, by far the smallest quarterly growth increases since the company went public.Starbucks said Sunday that it would pause spending on all social media platforms while it carries out talks internally, with media partners and civil rights groups “in the effort to stop the spread of hate speech.”Trump PostsWhile some companies are targeting social media generally, including Twitter Inc., many are singling out Facebook specifically. Zuckerberg has been more reticent to put limits on discourse, notably controversial posts by U.S. President Donald Trump, saying that he doesn’t want Facebook to be an arbiter of what’s true.That’s prompted a consortium of civil rights and other advocacy groups, including Color of Change and the Anti-Defamation League, to urge advertisers to stop spending on Facebook-owned platforms for July to protest the company’s policies.Zuckerberg responded Friday to the growing criticism, saying that Facebook would label all voting-related posts with a link encouraging users to look at its new voter information hub. The social network also expanded its definition of prohibited hate speech for advertising.“We understand people want to put pressure on Facebook to do more,” Facebook vice president Nick Clegg said Sunday on CNN’s Reliable Sources. “That’s why we made those additional announcements in Friday. That’s why we’ll continue to redouble our efforts, because, you know, we have a zero tolerance approach to hate speech.”The Anti-Defamation League called the changes “small.”The stampede of advertisers, combined with lobbying from civil rights groups, leaves Zuckerberg in a bind. He could take further steps to curtail harmful content, but that risks alienating free-speech advocates and supporters of Trump who have argued that Facebook is censoring political discourse and suppressing conservative voices.Distinct ExodusHe could also stand pat on a bet that this advertising pause will be short-lived, as have social media ad boycotts in the past. But this exodus as distinct, Bernstein Securities analyst Mark Shmulik wrote in a research note Saturday. There’s heightened pressure to publicly demonstrate that brands stand with civil rights groups, he said. “The current environment is very different,” Shmulik wrote. “It is very visible who is and isn’t participating in the boycott where brand silence [equals] being complicit.”Will Zuckerberg budge? While major brands like Unilever and Coca-Cola have garnered most of the headlines, the vast majority of Facebook’s 8 million advertisers are small businesses, many of which rely heavily on Facebook advertising for sales. Some in the ad industry don’t believe that these businesses, particularly those in commerce and direct-to-consumer sales, can actually afford to halt spending.“Pulling off for a whole month would really hurt their business,” Deutsche Bank analyst Lloyd Walmsley said earlier this week. “It’s a lot to ask for.”In its outreach to advertisers last week, Facebook has said it doesn’t intend to make decisions based on sales. “We have been consistent that we do not make policy changes tied to revenue pressure,” Facebook said on Wednesday in a memo obtained by Bloomberg News. “We set our policies based on principles rather than business interests.”Whatever additional moves Facebook makes, there’s reason to believe the departure of advertisers won’t end soon. “Advertisers who have seen their own ads published against hateful, horrible content on Facebook -- racist, anti-Semitic poison -- they are finally saying ‘enough’,” Jonathan Greenblatt, CEO of the Anti-Defamation League, said Friday in an interview with Bloomberg Television. “Our phones have been ringing off the hook with advertisers. I can tell you more are coming.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Diageo bets on ecommerce in Brazil to make up for closed bars and restaurants

    Diageo Plc, the world's largest spirits maker, has doubled efforts to strengthen its presence in e-commerce channels in Brazil as the coronavirus pandemic triggered lockdowns, driving customers to drink at home, a company executive said on Friday. "Consumption at home has increased significantly over the past three months, but does not fully compensate revenue lost with the closure of bars, restaurants, nightclubs and events," Diageo's managing director for Brazil, Paraguay and Uruguay, Gregorio Gutierrez, told Reuters in an interview. "As soon as these on-trade channels closed, we reallocated our resources to an online task force," Gutierrez added.

  • Diageo pushes release of full-year earnings report due to COVID-19
    Reuters

    Diageo pushes release of full-year earnings report due to COVID-19

    British regulators have given publicly traded companies an additional two months to prepare their financial statements, making the deadline six months from their financial year-end. Diageo will now publish its preliminary results for the year ended June 30 on Aug. 4, instead of July 30, and will also delay the release of its annual regulatory filing by two days.

  • Beer Seen as Less Risky Than Spirits During the COVID-19 Pandemic
    Motley Fool

    Beer Seen as Less Risky Than Spirits During the COVID-19 Pandemic

    The novel coronavirus pandemic makes Diageo (NYSE: DEO) a riskier investment because of its exposure to the travel and tourism industry. Credit Suisse analyst Sanjeet Aujla told investors in a note that he favored brewers over distillers right now because spirits are more apt to be consumed in restaurants and bars than beer. Diageo derives a quarter of its revenue from Scotch whisky and owns the world's bestselling brand, Johnnie Walker.

  • Indian military stores orders for Pernod, Diageo dry up - sources
    Reuters

    Indian military stores orders for Pernod, Diageo dry up - sources

    Pernod Ricard <PERP.PA> and Diageo <DGE.L>, two of the world's biggest spirit makers, have stopped receiving orders for their imported brands from India's defence canteen stores where they were sold at concessional prices, industry sources told Reuters. The move is seen as part of Prime Minister Narendra Modi's "vocal for local" campaign in which he has called for promotion of indigenous products to make India self-reliant during the coronavirus pandemic, a government measure that critics have called protectionist and against foreign businesses. India's defence canteens provide access to both local and imported products such as liquor and electronics at less-than-market rates to soldiers, ex-servicemen and their families.

  • What Do You Prefer, Nosecco or Prosecco?
    Bloomberg

    What Do You Prefer, Nosecco or Prosecco?

    (Bloomberg Opinion) -- Fancy a glass of Nosecco?The alcohol-free sparkling wine might not be to everyone’s taste, but its catchy name caused a fight between a French group and the Italian producers of Prosecco. The outcome could have implications for companies looking to ride the trend toward alcohol-free alternatives to traditional drinks and vegan offerings that strive to look and taste like meat and dairy products.While familiar packaged-food brands, such as Kraft macaroni and cheese and Nestle’s Hot Pockets, enjoyed a revival during the pandemic, the long-term prospects remain brighter for products that are perceived as healthier. Just look at the rise of the vegan sausage roll sold at Greggs Plc. Its arrival prompted the U.K. baker to upgrade its profit forecasts several times in 2019.In fact, with the unprecedented focus on health precipitated by the novel coronavirus outbreak, the opportunities for categories such as fake meat, fish and eggs may be even bigger. What happens in the Nosecco case could be a lesson for the upstarts.Nosecco has been sold in the U.K. since 2017, and Les Grands Chais de France, the country’s largest independent wine producer responsible for J.P. Chenet and Chemin des Papes wines, wanted to establish a trademark for it. It was challenged in 2018 by a consortium representing the northeast Italian region where Prosecco is produced, which said the name brought to mind the Italian wine, which is protected by European rules on origin.The French company argued the name was never meant to rival Prosecco in the U.K. Instead, it was chosen to capture the drink’s alcohol-free quality while playing on the fact that it wasn’t “sec,” or dry, like the Italian wine, but rather sweet. But the U.K.’s Intellectual Property Office found in favor of the Italian producers, deciding that in the minds of consumers the name Nosecco evoked the hugely popular Prosecco. There was a serious risk, it said, that consumers would believe the drink was in fact non-alcoholic Prosecco. Les Grands Chais de France is now appealing the decision in the High Court.The company is not alone in facing delicate marketing issues when it comes to new food categories. It has long been debated whether dairy alternatives can be classed as milk. In Sweden, that’s culminated in a “milk war” between the country’s dairy industry and Oatly, a Swedish manufacturer of oat milk. There’s no clear winner, but the skirmish doesn’t seem to have done Oatly any harm: Oat milk is hot around the world right now. In what could be a challenge to the rise of meat substitutes, some U.S. states, including Arkansas and Mississippi, have sought to restrict the use of terms such as burgers and dogs. (Mississippi now allows plant-based food makers to use some terms so long as they carry modifiers such as meat-free.)Naming battles will likely crop up between competing alternative-food makers, too. Just last week, Nestle SA, the world’s biggest food company, said it would rename its Incredible plant-based patties as the Sensational burger. The move came after a Dutch court upheld an injunction filed by Impossible Foods Inc., citing a trademark infringement. Nestle said it will appeal the ruling.What is clear is that producers of everything from lupin burgers to non-alcoholic gin must work hard to stand out. While there is huge growth to be had, the competition will be stiff. Traditional food companies and brewers are piling in, too. Drinks giant Diageo Plc last year acquired a majority stake in Seedlip, the non-alcoholic spirit maker.There is no doubt that Nosecco was a stroke of marketing genius. But it has ended up in a protracted legal wrangle. Amid the shifting landscape for alternatives, producers will need to be innovative and creative with their branding. The Vegetarian Butcher, the meat-substitute maker acquired by Unilever Plc in December 2018, is perhaps a good example. It’s not always easy to get the message across that a dish or drink is a vegan or non-alcoholic version of an old favorite, and in an appealing way, but marketers will need to dig deep.  Otherwise, as Nosecco has shown, they could have a fight on their hands, and that’s not very appetizing for anyone.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Corona beer sales on fire during the coronavirus pandemic: Constellation Brands CEO
    Yahoo Finance

    Corona beer sales on fire during the coronavirus pandemic: Constellation Brands CEO

    Constellation Brands CEO Bill Newlands joins Yahoo Finance to discuss the state of the beer industry amidst the COVID-19 pandemic.

  • Don't Underestimate Diageo's Resiliency
    Motley Fool

    Don't Underestimate Diageo's Resiliency

    The spirits business is faring better than most other alcohol lines, and Diageo is better positioned than most investors realize.

  • Diageo withdraws forecast, halts buyback programme
    Reuters

    Diageo withdraws forecast, halts buyback programme

    The Johnnie Walker whisky maker is the latest company to pull its guidance as the closure of bars and restaurants around the world due to lockdowns imposed by governments hit its sales. Production facilities in many countries including India and in its key markets of Africa are closed, while in the United States - its biggest market - the closure of bars and restaurants in most states was impacting about 20% of its business there, the company said. Diageo also said it was seeing a small pickup in sales in retail stores in the United States and Europe in recent weeks, as more people drink at home.

  • Diageo warns coronavirus could dent 2020 profit by $260 million
    Reuters Videos

    Diageo warns coronavirus could dent 2020 profit by $260 million

    Diageo, the world's biggest spirits company and producer of brands including Guinness and Smirnoff Vodka, said Wednesday (February 26) that the spread of coronavirus in greater China and the Asia Pacific could knock up to $260 million off its 2020 profits. The company cited widespread closures of bars and restaurants in China, and a substantial reduction in eating out. It also highlighted a hit to consumption in several other Asian countries, especially South Korea, Japan and Thailand. Trading has been significantly disrupted since the end of January, and Diageo expects this to last at least into March. After that it anticipates a gradual improvement, with consumption returning to normal levels towards the end of the financial year. Shares in Diageo were down almost 2% by early afternoon.

  • Shares tumble again as pandemic fears deepen
    Reuters Videos

    Shares tumble again as pandemic fears deepen

    Investors got no relief from virus worries on Wednesday (February 26). That after hundreds of new cases were reported worldwide, and U.S. authorities said a pandemic was now inevitable. After sharp falls for Asian stocks, European markets also tanked. Benchmark indexes were all down over 1% in early trade, before recovering a little ground. The regional Stoxx 600 approached a four-month low. A slew of corporate warnings about the virus didn't help the mood. Among the big names: Diageo says the outbreak will snip up to $260 million off profits this year. Its shares fell as much as 3%. Food group Danone also cut its sales forecast for the year, estimating the hit at over $100 million. And miner Rio Tinto reported its best earnings since 2011, but warned that the coronavirus could make the next six months a challenge. Luxury brand Hermes was one of the few to strike a positive note. It said it saw signs of a return to normal trading in China. Just four of its stores there are now shut, down from 15 earlier in the year. But its shares still sank over 1%. Investors, it seems, are focused on the negatives. Wednesday morning saw traditional safe havens all rise. Gold headed towards seven-year highs, with U.S. and German governments bonds also posting gains.

  • Diageo warns coronavirus could dent 2020 profit by 200 million pounds
    Reuters

    Diageo warns coronavirus could dent 2020 profit by 200 million pounds

    Diageo <DGE.L>, the world's biggest spirits company, said on Wednesday the spread of coronavirus in greater China and the Asia Pacific region could knock up to 200 million poundsoff its profit in 2020. The company said that in China, bars and restaurants have largely been closed and there has been a substantial reduction in banqueting. After that Diageo anticipates a gradual improvement with consumption returning to normal levels towards the end of fiscal 2020.

  • Diageo to pay £3.84 million to settle SEC charges it concealed liquor overshipments
    Reuters

    Diageo to pay £3.84 million to settle SEC charges it concealed liquor overshipments

    The London-based company - whose brands include Johnnie Walker Scotch whisky, Smirnoff vodka, Tanqueray gin and Guinness beer - did not admit or deny wrongdoing, but agreed to cease and desist from further violations, the SEC said on Wednesday. According to the SEC, Diageo failed to publicly disclose how employees at its most profitable unit, Diageo North America, pushed distributors in its 2014 and 2015 fiscal years to buy more wine and spirits than they needed. The SEC said this "overshipping" enabled Diageo to report higher growth in operating profit and net sales than analysts expected, but was unsustainable because distributors would likely eventually push back on orders, and some did.

  • Diageo (DEO) Relocates North America HQ to Lower Manhattan
    Zacks

    Diageo (DEO) Relocates North America HQ to Lower Manhattan

    Diageo (DEO) relocates its North America headquarters to Lower Manhattan. The move adds 350 new job opportunities for the city, in addition to the 150 jobs already on payroll.

  • Hard Seltzer Demand Sets the Stage for Alcohol Industry Growth
    Zacks

    Hard Seltzer Demand Sets the Stage for Alcohol Industry Growth

    Hard Seltzer Demand Sets the Stage for Alcohol Industry Growth

  • Diageo (DEO) 1H20 Earnings Solid, Stock Hit by View Cut
    Zacks

    Diageo (DEO) 1H20 Earnings Solid, Stock Hit by View Cut

    Diageo's (DEO) first-half fiscal 2020 results reflect gains from strong price/mix and higher operating profits. It cut the top-line view for fiscal 2020 on uncertainty in global trade conditions.

  • Diageo tempers sales growth expectations amid trade uncertainties
    Reuters

    Diageo tempers sales growth expectations amid trade uncertainties

    The maker of Johnnie Walker Scotch whisky, Smirnoff vodka and Guinness stout said it expected annual underlying net sales growth to come in towards the lower end of its 4 to 6% mid-term guidance range, amid rising global trade uncertainty. The company highlighted volatility in India, Latin America and the Caribbean and said it saw reduced inventory levels and lower passenger traffic including through Hong Kong in its travel retail arm. Diageo, which sells 200 brands in 180 countries, also said operating profit rose 0.5% to 2.44 billion pounds ($3.21 billion) in the six months ended Dec. 31.

  • Investing.com

    Premarket London Update: Diageo Organic Sales Rise in H1

    Investing.com - Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the U.K. market open on Thursday 30 January. Please refresh for updates for U.K. market news from the LSE’s RNS on individual U.K. shares from FTSE 100, FTSE 250 and FTSE All-Share.