Diageo PLC (DGE.L)
28 Aug 2015
WASHINGTON - U.S. economic growth accelerated in the second quarter as a pick-up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. (USA-ECONOMY/ (WRAPUP 2), moved, by Lucia Mutikani, 655 words)
Shell to axe 6,500 jobs, cut spending to cope with lower oil prices
* Calls FY '16 "transition year" followed by growth through FY '19
LONDON, July 30 - Diageo, the world's largest spirits company, posted flat full-year sales and weaker-than-expected earnings on Thursday, after grappling for months with problems such as wholesaler destocking and pricing pressure in vodka.
LONDON/BRUSSELS, July 28 - Diageo and Heineken have agreed to dissolve their joint ventures in South Africa and Namibia, so the British spirits maker and Dutch brewer can pursue their own growth strategies in the countries.
BRUSSELS, July 28 - Dutch brewer Heineken and spirits maker Diageo have agreed to end their 11-year cooperation in South Africa and Namibia in a series of deals to disentangle joint ventures.
* Announces restructuring of South African and Namibian operations
* To sell its 42.25 pct equity stake in DHN Drinks (proprietary) Limited and transfer associated shareholder loan to Heineken
LONDON, July 24 - British spirits maker Diageo is under scrutiny in the United States, where the U.S. Securities and Exchange Commission (SEC) has asked for information to see whether it shipped excess inventory to U.S. distributors, a practice known as "channel stuffing".
- The U.S. Securities and Exchange Commission is investigating if liquor company Diageo Plc has been shipping excess inventory to distributors to boost its results, the Wall Street Journal reported, citing people familiar with the inquiry.
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