Diageo PLC (DGE.L)
Latest Key Developments (Source: Significant Developments)
: Diageo CFO says it's important for company that UK continues to benefit from open access to EU . Diageo CFO says too early to say if Brexit has impacted business or consumer demand for alcoholic drinks .Diageo CFO says no news regarding relationship w/ former chairman of United Spirits, Vijay Mallya. Full Article
Diageo we are confident of achieving our objective of mid-single digit top line growth, and in three years ending f19 delivering 100bps of organic operating margin improvement."
Exceptional eps increased 1% to 89.4 pence : Board recommended a final dividend increase of 5% bringing full year dividend to 59.2 pence per share . We are confident of achieving our objective of mid-single digit top line growth, and in three years ending f19 delivering 100bps of organic operating margin improvement." . Fy underlying eps rose 1 percent to 89.4 pence . Total dividend 59.2 penceper share . Fy organic results improved with volume growth of 1.3%, net sales growth of 2.8%, and operating profit growth of 3.5% . Reported net sales declined 3.0% .Fy basic eps fell 6 percent to 89.5 pence. Full Article
Diageo PLC:Nigeria's Guinness said on Thursday it had been fined 1 billion naira ($5 million) by the local food and drug agency over alleged infractions relating to the destruction and re-validation of expired raw materials without prior approval - RTRS.The local unit of Diageo said it did not fully understand the basis for the fine, nor the particular regulations infringed, but was in talks with the National Agency for Food and Drug Administration and Control (NAFDAC) to resolve the matter - RTRS. Full Article
Diageo PLC:Says has agreed the sale of its major wine interests in an agreement with Treasury Wine Estates relating to the US based Chateau and Estate Wines and the UK based Percy Fox businesses for a consideration of $552 million.The net proceeds of approximately £320 million, after tax and transaction costs will be used to repay borrowings.The transaction, which is subject to regulatory approval, is expected to complete around the end of the calendar year. Full Article
Diageo PLC:Announces that Kathryn Mikells is to be appointed Chief Financial Officer based in London, effective Nov.9.Says Mikells joins from Xerox Corporation, where she is currently CFO, a position she has held since May 2013.Says on Kathryn's appointment Deirdre Mahlan will step down from the Board and her role as CFO. Full Article
Diageo PLC:Diageo PLC is voluntarily recalling some of its bottled drinks in Canada after discovering an issue with the bottles that may cause glass fragments to break off and fall inside - Reuters.The recall applies to some 330 ml glass Smirnoff Ice bottles and 4-pack, 12-pack and individual bottle packages sold in Canada starting July 24. For a full list of the drinks and lots recalled, consumers can check the company's website - DJ. Full Article
Diageo PLC:Recommends final dividend of 34.9 pence per share.The final dividend will be paid on Oct. 8 to shareholders on the register on Aug. 13. Full Article
Diageo PLC:Says that the company, Heineken N.V. and the Ohlthaver & List (O&L) Group of Companies, the majority shareholder of Namibia Breweries Limited (NBL), have agreed to restructure their South African and Namibian joint ventures.Says when the transaction has completed, Diageo will operate in South Africa and Namibia through wholly-owned subsidiaries.Says to implement the transaction, Diageo will sell its 42.25 pct equity stake in DHN Drinks (Proprietary) Limited and transfer the associated shareholder loan to Heineken.Says it will sell its 25 pct equity stake in the Sedibeng brewery in Gauteng, South Africa to NBL and transfer the associated shareholder loan to Heineken.Says it will sell its 15 pct equity stake in NBL to Heineken.Says it will receive a total net cash consideration of ZAR2.5 billion (about 128 million pounds), subject to customary adjustments.Says completion of the transaction is expected before calendar end 2015. Full Article
Diageo plc:Says it has sold Gleneagles Hotel Limited to a private investment group led by Ennismore for an undisclosed amount.Ennismore is a real estate hospitality firm which owns The Hoxton brand, and develops and operates a series of unique hotels in Europe and the United States. Full Article
ABUJA/LONDON, Oct 5 Diageo has scrapped plans to lift its stake in Guinness Nigeria due to tough conditions in one of its biggest markets for the world-famous stout, the drinks company said on Wednesday.