Key Developments: Diageo PLC (DGE.L)

DGE.L on London Stock Exchange

1,778.00GBp
1 Aug 2014
Price Change (% chg)

-8.00p (-0.45%)
Prev Close
1,786.00p
Open
1,790.00p
Day's High
1,791.00p
Day's Low
1,750.50p
Volume
4,157,262
Avg. Vol
3,561,727
52-wk High
2,152.50p
52-wk Low
1,691.00p

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Latest Key Developments (Source: Significant Developments)

Diageo Plc recommends final dividend
Thursday, 31 Jul 2014 02:02am EDT 

Diageo Plc:Recommends final dividend of 32.0 pence per share.Says this is an increase of 9 pct from the year ended June. 30, 2013.Full dividend will therefore be 51.7 pence per share.Says this is an increase of 9 pct from the year ended June. 30, 2013 subject to approval by shareholders, the final dividend will be paid on Oct. 2 to shareholders on the register on Aug. 15.Payment to US ADR holders will be made on Oct. 7.Dividend reinvestment plan is available to holders of ordinary shares in respect of the final dividend and the plan notice date is Sept. 10.  Full Article

Diageo Plc receives Sebi's clearance to acquire stake in United Spirits Ltd-Business Standard
Monday, 26 May 2014 04:30am EDT 

Diageo Plc:Has received market regulator Sebi's clearance for an open offer to acquire additional 26 pct stake in United Spirits Ltd for 11,448.91 bln Indian Rupees-Business Standard.The global liquor giant would pay 3,030 Indian Rupees per share of USL.The open offer is scheduled to start on June 11 and close on June 24.  Full Article

Diageo PLC declares interim dividend
Thursday, 30 Jan 2014 02:00am EST 

Diageo PLC:Declares an interim dividend of 19.7 pence per share will be paid to holders of ordinary shares and ADRs on the register as of Feb. 28.Says the interim dividend will be paid to shareholders on Apr. 7.  Full Article

Diageo PLC acquires super-premium Tequila Brand Peligroso
Monday, 27 Jan 2014 07:00am EST 

Diageo PLC:Says it has added tequila brand Peligroso to the company's portfolio.  Full Article

Sean Combs and Diageo PLC announce new joint venture and acquisition of luxury tequila brand deleon
Wednesday, 8 Jan 2014 07:00am EST 

Diageo PLC and Sean Combs:Says they have furthered their relationship by creating a new joint venture that has purchased luxury tequila brand DeLeon.  Full Article

Slater & Gordon Ltd resolves Thalidomide class actions with Diageo PLC
Sunday, 1 Dec 2013 06:48pm EST 

Slater & Gordon Ltd:Says that two representative proceedings for Australian and New Zealand victims of the drug Thalidomide have been resolved with Diageo PLC.Says has been conducting the class actions, in a joint venture with Gordon Legal, since 2010 on a No Win No Fee basis.Says the settlement will have no material impact on Slater & Gordon’s net earnings.  Full Article

Diageo PLC offers to sell Whyte & Mackay to address concerns regarding United Spirits Ltd acquisition-Office of Fair Trading
Monday, 25 Nov 2013 06:00am EST 

Diageo PLC:Offers to sell most of its Whyte & Mackay business to address competition concerns regarding bottled blended Scotch whisky, arising from its completed acquisition of United Spirits Ltd (United Spirits)-Office of Fair Trading.The OFT's investigation found that there is substantial competition in the retail sector between Bell's whisky, a Diageo label, and Whyte & Mackay's own-label and branded blended whisky.After analysing evidence including data on consumer switching between brands, economic modelling and internal documents, the OFT found the merger may lead to a substantial lessening of competition in the supply of blended whisky to retailers.The OFT found that other manufacturers did not have, and could not quickly reach, sufficient capacity to offset the loss of competition likely to result from the merger.The OFT is considering Diageo's offer to sell the bulk of the Whyte & Mackay business with the exception of two malt distilleries, to address its concerns.While the undertakings in lieu are being considered, the OFT's duty to refer the merger to the Competition Commission is suspended.  Full Article

Diageo PLC Reaffirms FY 2014 Revenue Guidance
Wednesday, 16 Oct 2013 09:00pm EDT 

Diageo PLC announced that for fiscal 2014, it still expects a low single digit net sales decline. The Company reported revenue of GBP11.433 Billion in fiscal 2013.  Full Article

Diageo PLC Announces Final Dividend
Wednesday, 31 Jul 2013 02:00am EDT 

Diageo PLC recommend a final dividend of 29.30 pence per share, an increase of 9% from the year ended 30 June 2012. The full dividend will therefore be 47.40 pence per share, an increase of 9% from the year ended 30 June 2012. Subject to approval by shareholders, the final dividend will be paid on 3 October 2013 to shareholders on the register on 16 August 2013. Payment to US ADR holders will be made on 8 October 2013. A dividend reinvestment plan is available in respect of the final dividend and the plan notice date is 11 September 2013.  Full Article

Diageo PLC Buys Remaining Stake In SJF Holdco-Reuters
Tuesday, 23 Jul 2013 02:24am EDT 

Reuters reported that Diageo PLC said it had received approval from Chinese authorities to become the sole shareholder in Sichuan Chengdu Shuijingfang Group Company (SJF Holdco), the owner of white spirits company ShuiJingFang. Diageo said it would acquire the remaining 47% stake in SJF Holdco owned by its Chinese partners for GBP233 million. As a result, SJF HoldCo will be converted from a joint venture into a wholly foreign owned enterprise owned by Diageo. On completion, Diageo's indirect interest in Shanghai-listed Shuijingfang, one of the producers of China's 'Bai Jiu' spirit, will rise to 39.71% from 21.05%, it said.  Full Article

UPDATE 2-Diageo earnings fall on weakness in emerging markets

* FY EPS 95.5p/share pre-exceptionals vs f'cast around 97.7p

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