Diageo Share News (DGE)

TOP NEWS: Diageo starts new share buyback to return up to USD1 billion

(Alliance News) - Diageo PLC on Thursday announced the commencement of a planned share buyback programme worth up to USD1.0 billion, to be completed by the end of its current financial year.

UK dividends calendar - next 7 days

IN BRIEF: Diageo launches USD1.7 billion bond offering

Diageo PLC - London-based brewer and distiller with brands including Baileys, Tanqueray, Johnnie Walker, Smirnoff and Captain Morgan - Launches and prices USD1.7 billion Securities & Exchange Commission-register bond offering, scheduled to settle on Thursday. Comprises USD800 million 5.375% fixed rate notes due 2026 and USD900 million 5.625% fixed rate notes due 2033. Says issuer is Diageo Capital PLC, with the payment of principal and interest fully and unconditionally guaranteed by Diageo. Will use proceeds for general corporate purposes.

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

IN BRIEF: Diageo says still well-positioned on medium-term guidance

Diageo PLC - London-based brewer and distiller with brands including Baileys, Tanqueray, Johnnie Walker, Smirnoff and Captain Morgan - Ahead of annual general meeting on Thursday, Chief Executive Officer Debra Crew says she is "excited" by "the many growth opportunities we see in front of us". Diageo says it remains well-positioned to deliver its medium-term guidance for financial 2023 to financial 2025 of organic sales growth consistently in the range of 5% to 7%, alongside organic operating profit growth sustainably between 6% to 9%. The company's financial years end on June 30.

LONDON MARKET OPEN: Stocks red; elevated oil prices bolster rate fears

(Alliance News) - Stock prices in London opened lower on Thursday as worries around the ailing Chinese property sector and the growing likelihood of interest rates remaining higher for longer weighed on market mood for yet another day.

LONDON BRIEFING: William Hill-owner 888 expects drop in annual revenue

(Alliance News) - Stocks in London were called flat on Thursday as markets grappled with a deepening property crisis in China and the prospect of interest rates staying higher for longer.

Diageo on track despite persistent cost pressures

(Sharecast News) - Drinks giant Diageo said on Thursday it remained well-positioned to deliver on its guidance, despite ongoing cost pressures and macroeconomic uncertainty.

UK shareholder meetings calendar - next 7 days

LONDON BROKER RATINGS: Goldman Sachs likes HSBC; RBC raises CVS

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

LONDON BROKER RATINGS: SocGen raises Next to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Deutsche Bank lifts target prices for Britvic and Diageo

(Sharecast News) - Deutsche Bank has lifted target prices across the whole European beverages sector, recommending investors to "buy beer, stick with soft, stay selective [on] spirits".

From suppliers to costs, sustainability goals challenge companies

LONDON, Sept 6 (Reuters) - As they endeavour to meet lofty sustainability goals, companies from Japan's Asahi to retailer John Lewis face challenges like confusion among suppliers, tough legislation, and friction with top management over costs, executives said.

Pernod Ricard shares drop on China and U.S. sales warning

Profit from recurring operations up 11% at 3.348 bln euros

*

JPMorgan picks three UK defensive stocks to watch

(Sharecast News) - JPMorgan has kept its 'overweight' rating on UK-listed consumer goods and staples stocks Diageo, Reckitt Benckiser and Imperial Brands, saying the companies are "well positioned" going into the second half of the year.