The latest London South East Webinar takes place on July 6. Come and hear CEO’s from Orosur Mining, Caledonia Mining, Glantus Holdings and Tekcapital speak. Please register 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: 3,482.00
Bid: 3,481.50
Ask: 3,482.50
Change: 22.50 (0.65%)
Spread: 1.00 (0.03%)
Open: 3,433.50
High: 3,498.50
Low: 3,424.50
Yest. Close: 3,459.50
DGE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

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

UPDATE 5-U.S., UK suspend tariffs and seek aircraft row resolution

Thu, 4th Mar 2021 11:55

(Adds comment)

By William James and Andrea Shalal

LONDON/WASHINGTON, March 4 (Reuters) - The United States
agreed a four-month suspension of retaliatory tariffs imposed on
British goods such as Scotch whisky over a long-running aircraft
subsidy row, with both sides pledging to use the time to resolve
the dispute.

The U.S. administration under former president Donald Trump
had imposed tariffs on an array of European Union food, wine and
spirits, including on Scotch whisky, which the industry says had
put its future at risk.

Britain is party to the dispute as a former member of the
EU.

"The United Kingdom and the United States are undertaking a
four-month tariff suspension to ease the burden on industry and
take a bold, joint step towards resolving the longest running
disputes at the World Trade Organization," a joint statement
said.

"This will allow time to focus on negotiating a balanced
settlement to the disputes, and begin seriously addressing the
challenges posed by new entrants to the civil aviation market
from non-market economies, such as China."

The tariff truce is separate from broader U.S.-UK talks on a
post-Brexit trade agreement, but sends a positive signal about
those discussions.

Britain and the United States were hoping to reach a trade
deal before the expiration of fast-track trade promotion
authority granted to the U.S. federal government by Congress in
July.

In order to hit that deadline, U.S. trade officials would
have to notify Congress about their intention to seal a deal
sometime in April.

AIRBUS

The multi-billion dollar tit-for-tat tariff battle between
the United States, the European Union and Britain, which
completed its exit from the EU at the end of 2020, relates to a
long-running row over state subsidies for planemakers Airbus
and Boeing.

Airbus spokesman Clay McConnell welcomed the suspension of
what he called "lose-lose tariffs" and said the company supports
all efforts to reach an agreement.

Airbus builds wings and other parts in Britain, but
assembles its commercial aircraft in the EU.

No comment was immediately available from Boeing.

Ivan Menezes, CEO of Diageo, the maker of Johnnie
Walker and Talisker whisky said a permanent solution would help
safeguard thousands of jobs across Scotland and the rest of
Britain.

ALLIES

The agreement to lift tariffs is temporary and applies only
to UK goods. U.S. tariffs will continue to apply to EU goods,
according to a U.S. administration official.

A British official described it as a "real win" which
justified a British decision to diverge from EU policy after
Brexit and ditch the tariffs in hope of reaching an agreement
with the Trump administration before it left office.

At the time, the EU questioned whether Britain had the legal
right to keep those tariffs in place after leaving the bloc.

Talks between Britain and the United States on a deal
focused on the aircraft subsidies issue had been progressing but
were abruptly ended in January, according to a source familiar
with the matter.

"I am delighted to say that our American allies – under
their new President and his hard-working staff at the U.S. Trade
Representative - have embraced our move to seek a fair
settlement," she said.

U.S. President Joe Biden's top trade nominee, Katherine Tai,
is headed to confirmation by the full Senate next week.

She told the Senate Finance Committee last month that
Washington had completed four rounds of negotiations with
Britain since announcing the start of talks. She said she would
make it a priority to resolve the long-running dispute over
aircraft subsidies.

The Distilled Spirits Council of the United States welcomed
Thursday's decision but said it was disappointed that British
tariffs on U.S. whiskey relating to a separate dispute over
steel were still being applied.

Tai, asked if she would prioritise an agreement with
Britain, told the committee in written responses to questions
released this week that Britain was "an important trading
partner and ally".
(Reporting by William James in London Aakriti Bhalla in
Bengaluru and Andrea Shalal in Washington; editing by Paul
Sandle, Jason Neely and Toby Chopra)

More News

BROKER RATINGS: UBS cuts Rio Tinto to Sell; Morgan Stanley ups Ocado

BROKER RATINGS: UBS cuts Rio Tinto to Sell; Morgan Stanley ups Ocado

Today 09:34

BROKER RATINGS: HSBC upgrades airlines Ryanair, Wizz and easyJet

BROKER RATINGS: HSBC upgrades airlines Ryanair, Wizz and easyJet

18 Jun 21 09:39

UK food and drink exports to EU fall by £2bn in Q1 of 2021

(Sharecast News) - HMRC said on Friday that British food and drink exports to the EU fell by £2bn in the first quarter of 2021, revealing structural problems with Brexit.

18 Jun 21 09:37

LONDON BRIEFING: Tesco sales grow slows as meals out are back in

LONDON BRIEFING: Tesco sales grow slows as meals out are back in

18 Jun 21 08:16

Scotch but no bourbon: UK-U.S. trade truce gives dram of hope to drinks industry

LONDON, June 17 (Reuters) - The drinks industry welcomed a trade truce between Britain and United States on Thursday that saw tariffs removed on Scotch whisky and most other spirits, although they called for further efforts to remove the last exp...

17 Jun 21 13:37

UPDATE 2-Consumer staples, energy stocks boost FTSE 100; delayed reopening cap gains

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* UK payrolled employees surge by 197,000 in May* Subprime lender NSF slides on equity raise plans* FTSE 100 up 0.4%, FTSE 250 off 0.5% (Upd...

15 Jun 21 16:52

LONDON MARKET MIDDAY: Travel and leisure shrug off lockdown end delay

LONDON MARKET MIDDAY: Travel and leisure shrug off lockdown end delay

15 Jun 21 12:03

Consumer staples, healthcare stocks boost FTSE 100

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* FTSE 100 up 0.2%, FTSE 250 adds 0.1%June 15 (Reuters) - London's FTSE 100 index edged higher on Tuesday, lifted by gains in consumer stapl...

15 Jun 21 08:27

BROKER RATINGS: CRH and Diageo suffer downgrades

BROKER RATINGS: CRH and Diageo suffer downgrades

14 Jun 21 09:35

LONDON BRIEFING: Esken shares drop 20% as Stobart Air collapses

LONDON BRIEFING: Esken shares drop 20% as Stobart Air collapses

14 Jun 21 08:18

BROKER RATINGS: SocGen downgrades Britvic; Peel Hunt raises Biffa

BROKER RATINGS: SocGen downgrades Britvic; Peel Hunt raises Biffa

24 May 21 09:42

Monday broker round-up

(Sharecast News) - Diploma: Numis upgrades to add with a target price of 3,250p.

17 May 21 14:38

BROKER RATINGS: Liberum downgrades Howden Joinery to Hold from Buy

BROKER RATINGS: Liberum downgrades Howden Joinery to Hold from Buy

17 May 21 09:47

Friday broker round-up

(Sharecast News) - NCC Group: Canaccord upgrades to buy with a target price of 318p.

14 May 21 12:57

UPDATE 2-Banks, energy stocks lift FTSE 100, still posts worst weekly losses since Feb

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Sage rises on 4.4% growth in H1 recurring revenue* Sanne surges on rejecting $1.90 bln buyout proposal* FTSE 100 and FTSE 250 up 1.2 (Upda...

14 May 21 09:51

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.