Diageo Share News (DGE)

IN BRIEF: Diageo begins final phase of GBP4.5 billion share buyback

Diageo PLC - London-based brewer and distiller with brands including Guinness, Baileys, Tanqueray, Johnnie Walker, Smirnoff and Captain Morgan - Begins fourth and final phase of previously announced return of capital programme. Total programme, announced in July 2019, worth GBP4.5 billion. Fourth phase worth GBP640 million. Enters non-discretionary agreement with Merrill Lynch International to enable company to complete the buyback. Agreement will start on Tuesday and finish no later than February next year. Purpose of repurchases is to reduce share capital of company. All shares repurchased under agreement will be cancelled.

UK stocks end volatile session higher after Prime Minister Liz Truss resigns

Liz Truss to quit as UK prime minister next week

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IN BRIEF: Diageo launches USD2 billion bonds for "corporate purposes"

Diageo PLC - London-based brewer and distiller with brands including Guinness, Baileys, Tanqueray, Johnnie Walker, Smirnoff and Captain Morgan - Launches and prices a USD2.0 billion bond offering, consisting of USD500 million 5.200% fixed rate notes due 2025; USD750 million 5.300% fixed rate notes due 2027, and USD750 million 5.500% fixed rate notes due 2033. Diageo Capital PLC is the issuer of the bonds. Says proceeds will be used for "general corporate purposes".

Diageo to increase its stake in Kenya's East African Breweries

(Sharecast News) - Distilling giant Diageo announced on Friday that, through its wholly-owned indirect subsidiary Diageo Kenya Limited, it has served notice on East African Breweries of its intention to increase its equity stake up to 65%.

Diageo to raise stake in East African Breweries to 65% via subsidiary

(Alliance News) - Diageo PLC on Friday said it plans to increase its stake in Nairobi-based East African Breweries PLC via its subsidiary Diageo Kenya Ltd.

FTSE 100 rises, helped by report of potential UK fiscal plan U-turn

Reports there could be a U-turn on tax package

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UK dividends calendar - next 7 days

Credit Suisse stays at 'outperform' on Diageo, sees upside to US and APAC ops

(Sharecast News) - Analysts at Credit Suisse reiterated their 'outperform' recommendation for shares of Diageo, telling clients that they spied "upside risks" to the spirits-maker's US and Asia Pacific businesses.

LONDON BROKER RATINGS: Redburn likes Flutter; RBC cuts Smiths

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

TOP NEWS: Diageo touts good start to financial year; notes headwinds

(Alliance News) - Diageo PLC on Thursday said its financial year 2023 has started well, with organic net sales growth across all regions.

LONDON BRIEFING: Stocks called higher; Truss doubles down on growth

(Alliance News) - Stocks were called higher on Thursday, and the pound held on to recent gains, despite continuing scepticism surrounding the UK government's focus on tax cuts.

Diageo reports net sales growth across all regions at start of FY 2023

(Sharecast News) - Spirits maker Diageo got off to a good start in its 2023 fiscal year, reporting organic net sales growth across all regions ahead of its annual general meeting.

Nestle pledges $1 billion to coffee sustainability plan

LONDON, Oct 4 (Reuters) - Nestle will spend more than 1 billion Swiss francs ($1 billion) by 2030 on efforts to source coffee sustainably, the food company said on Tuesday, more than double its previous pledge.

UK shareholder meetings calendar - next 7 days

Burberry CFO to step down in second major shakeup in a year

CFO Julie Brown to step down in April 2023

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