Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDiageo Share News (DGE)

Share Price Information for Diageo (DGE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,942.50
Bid: 2,942.00
Ask: 2,943.00
Change: 4.50 (0.15%)
Spread: 1.00 (0.034%)
Open: 2,940.00
High: 2,951.00
Low: 2,935.00
Prev. Close: 2,938.00
DGE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Spirits maker Diageo's sales exceed estimates on strong U.S. demand

Thu, 29th Jul 2021 07:35

* Full-year sales rise 16%, beating 13.7% forecast

* Company sees sales momentum continuing in 2022

* Diageo raises dividend by 5% to 44.59 pence
(Adds details on outlook, dividend, shares)

By Siddharth Cavale

July 29 (Reuters) - Spirits group Diageo reported on
Thursday a better-than-expected rise in full-year organic net
sales growth, as North American bars and restaurants reopened
helping boost demand for its tequila brands and Johnnie Walker
whisky.

By region, North America grew the strongest boosted by
consumers trading up to more premium spirits such as tequila,
liqueurs and higher-end bottles of Johnnie Walker scotch.

Organic net sales rose 16% for the year ending June 30,
beating the 13.7% rise analysts had expected, according to
company-supplied estimates.

Diageo, whose shares slipped 0.8% in early trade, said it
was raising its annual dividend by 5% to 44.59 pence per share.

The company said rising North American demand came despite
its move to raise prices on its Casamigos tequila brand and
Baileys liqueur, which was driven by the trend for home baking
during COVID-19 lockdowns.

The company said that, with 85% of restaurants and bars in
North America now open, it saw higher levels of restocking and
replenishment, boosting organic net sales by 20% in the region.

In the European region, Turkey and Northern Europe were the
strongest performers helped by strong demand for scotch whiskies
in shops.

Sales in Africa and Asia also rose by double digit
percentages, mainly due to easier comparisons to last year.

The London-listed company said it expected organic net sales
momentum to continue into fiscal 2022, but with volatility in
the short term.

Lavanya Chandrashekhar, who was promoted to chief financial
officer in July, told reporters volatility was coming from
lockdowns in markets such as India, South Africa and Indonesia,
where there has been a rise in COVID-19 cases in recent months.

She said a ban on alcohol sales during lockdowns in South
Africa had an impact, while retail sales to travellers had
fallen as air and other global travel was dented.

(Reporting by Siddharth Cavale in Bengaluru; Editing by Sriraj
Kalluvila and Edmund Blair)

More News
19 Mar 2024 09:13

Diageo names former UK Civil Service head John Manzoni as new chair

(Correcting that Manzoni is chair of SSE PLC.)

Read more
19 Mar 2024 08:58

Diageo names former UK Civil Service head John Manzoni as new chair

(Alliance News) - Diageo PLC on Tuesday said it will promote Non-Executive Director John Manzoni to be its new chair from early next year, replacing Javier Ferran.

Read more
19 Mar 2024 07:43

LONDON BRIEFING: Unilever separates from Ice Cream arm and cuts jobs

(Alliance News) - Stocks in London are called to open slightly lower, following some mixed trade across Asian markets.

Read more
19 Mar 2024 07:04

Diageo names Sir John Manzoni as next chair

(Sharecast News) - Diageo has announced that non-executive director and former Cabinet Office official Sir John Manzoni will step in as its new chair when Javier Ferrán retires from the head of the board next year.

Read more
14 Mar 2024 09:51

LONDON BROKER RATINGS: Kepler Cheuvreux likes Diageo; BofA lifts Man

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

Read more
14 Mar 2024 09:03

LONDON MARKET OPEN: London stocks tread water with US data to come

(Alliance News) - Stocks in London barely budged after the opening bell on Thursday, after a largely softer session in New York overnight, as eyes turn to a batch of US data and what it can mean for Federal Reserve interest rates.

Read more
6 Mar 2024 13:45

UK alcohol industry welcomes "much-needed certainty" on duty freeze

(Alliance News) - The alcohol industry in the UK on Wednesday welcomed the extension of the alcohol duty freeze as "some much-needed certainty and stability" for the industry and consumers alike.

Read more
29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

Read more
22 Feb 2024 15:17

Diageo exploring sale of three non-core brands including Pimm's - report

(Sharecast News) - Drinks giant Diageo is reportedly exploring the sale of a trio of non-core brands including Pimm's.

Read more
22 Feb 2024 14:23

UK dividends calendar - next 7 days

Friday 23 February 
abrdn Asian Income Fund Ltddividend payment date
abrdn Property Income Trust Ltddividend payment date
Capital Gearing Trust PLCspecial dividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Ferrexpo PLCdividend payment date
Foresight Solar Fund Ltddividend payment date
Games Workshop Group PLCdividend payment date
Gooch & Housego PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Hollywood Bowl Group PLCspecial dividend payment date
Impact Healthcare REIT PLCdividend payment date
Impellam Group PLCspecial dividend payment date
JPMorgan Global Core Real Assets Ltddividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Marwyn Value Investors Ltddividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Primary Health Propertiesdividend payment date
RWS Holdings PLCdividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Victrex PLCdividend payment date
Monday 26 February 
Dewhurst Group PLCdividend payment date
JPMorgan Mid Cap Investment Trust PLCdividend payment date
Tuesday 27 February 
JPMorgan UK Smaller Cos Investment Trust PLCdividend payment date
Wednesday 28 February 
Canadian General Investments Ltdex-dividend payment date
CQS New City High Yield Fund Ltddividend payment date
PetroTal Corpex-dividend payment date
Thursday 29 February 
abrdn Equity Income Trust PLCex-dividend payment date
Alliance Trust PLCex-dividend payment date
Ashmore Group PLCex-dividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Bankers Investment Trust PLCdividend payment date
Barclays PLCex-dividend payment date
Brunner Investment Trust PLCex-dividend payment date
City of London Investment Group PLCex-dividend payment date
City of London Investment Trust PLCdividend payment date
Compass Group PLCdividend payment date
Custodian Property Income REIT PLCdividend payment date
Diageo PLCex-dividend payment date
Diverse Income Trust PLCdividend payment date
Diversified Energy Co PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Driver Group PLCex-dividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
EJF Investments Ltddividend payment date
Fair Oaks Income Ltdex-dividend payment date
Fair Oaks Income Ltd Realisation ex-dividend payment date
Gabelli Merger Plus+ Trust PLCex-dividend payment date
Genus PLCex-dividend payment date
Greencoat UK Wind PLCdividend payment date
Hargreaves Lansdown PLCex-dividend payment date
Hays PLCex-dividend payment date
Henderson International Income Trust PLCdividend payment date
HICL Infrastructure PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
LondonMetric Property PLCex-dividend payment date
MJ Gleeson PLCex-dividend payment date
Mobeus Income & Growth 2 VCT PLCex-dividend payment date
NB Private Equity Partners Ltddividend payment date
North Atlantic Smaller Cos Investment Trust PLCex-dividend payment date
Picton Property Income Ltddividend payment date
Plus500 Ltdex-dividend payment date
Polar Capital Global Financials Trust PLCdividend payment date
Polar Capital Global Healthcare Trust PLCdividend payment date
Regional REIT Ltdex-dividend payment date
Riverstone Credit Opportunities Income PLCex-dividend payment date
Scottish American Investment Co PLCex-dividend payment date
Sequoia Economic Infrastructure Inc Fund Ltddividend payment date
SSP Group PLCdividend payment date
Sylvania Platinum Ltdex-dividend payment date
Taylor Maritime Investments Ltddividend payment date
Tharisa PLCex-dividend payment date
UK Commercial Property REIT Ltddividend payment date
VH Global Sustainable Energy Opportunities PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
Warehouse REIT PLCex-dividend payment date
Wilmington PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
20 Feb 2024 08:55

IN BRIEF: Diageo welcomes GSK's CFO as non-executive director

Diageo PLC - London-based brewer and distiller sells more than 200 drinks brands, including Guinness stout, Captain Morgan rum and Johnnie Walker whisky - Appoints GSK PLC's chief financial officer and executive director, Julie Brown, as a non-executive director. Says she will succeed Alan Stewart as chair of the audit committee after his retirement following the firm's annual general meeting in September. Chair Javier Ferran says: "Julie brings many years of experience in financial, commercial and strategic roles in international companies operating in highly regulated industries. She is strongly committed to enabling diversity in business and to creating sustainable, long-term value for stakeholders. I look forward to her contribution to Board discussions and to working with her in progressing Diageo's ambition to be one of the most trusted and respected consumer products companies in the world."

Read more
2 Feb 2024 16:59

London close: Stocks mixed as US payrolls come in red-hot

(Sharecast News) - London's stock markets closed with mixed results on Friday, as investors were confronted by an unexpectedly strong US labour market as revealed in the latest US non-farm payrolls report.

Read more
2 Feb 2024 12:37

Diageo kicks off search for new chairman - report

(Sharecast News) - Drinks giant Diageo has reportedly kicked off the search for a new chairman as it grapples with a sharp slowdown in sales in key growth markets.

Read more
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

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

Read more
31 Jan 2024 09:21

LONDON BROKER RATINGS: Jefferies raises Spirax-Sarco; cuts Victrex

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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.