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Diageo PLC (DGE.L)

DGE.L on London Stock Exchange

2,826.50GBp
11 Dec 2018
Change (% chg)

26.00 (+0.93%)
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Latest Key Developments (Source: Significant Developments)

Diageo Sees Organic Net Sales Growth In FY19 Consistent With Guidance
Thursday, 20 Sep 2018 02:00am EDT 

Sept 20 (Reuters) - Diageo PLC ::YEAR HAS STARTED WELL AND PERFORMANCE IS IN LINE WITH OUR EXPECTATIONS..IN RECENT WEEKS, WE HAVE EXPERIENCED SOME INCREASED EMERGING MARKET FOREIGN EXCHANGE VOLATILITY.EXPECT TO GROW ORGANIC OPERATING MARGINS IN LINE WITH OUR GUIDANCE OF 175BPS OF MARGIN EXPANSION IN 3 YEARS ENDING 30 JUNE 2019.YEAR HAS STARTED WELL AND PERFORMANCE IS IN LINE WITH OUR EXPECTATIONS..EXPECT EXCHANGE TO HAVE A NEGATIVE IMPACT ON NET SALES OF £175M AND A NEGATIVE IMPACT ON OPERATING PROFIT OF £45M FOR FISCAL YEAR.WE CONTINUE TO EXPECT ORGANIC NET SALES GROWTH IN F19 TO BE BROADLY IN LINE WITH LAST FISCAL YEAR.EXPECT ORGANIC NET SALES GROWTH IN F19 BROADLY IN LINE WITH LAST FISCAL YEAR, CONSISTENT WITH MEDIUM-TERM GUIDANCE OF MID-SINGLE DIGIT GROWTH.CONTINUE TO EXPECT ORGANIC NET SALES GROWTH IN F19 CONSISTENT WITH GUIDANCE.WE CONTINUE TO EXPECT TO GROW ORGANIC OPERATING MARGINS IN LINE WITH OUR GUIDANCE OF 175BPS OF MARGIN EXPANSION IN THREE YEARS ENDING 30 JUNE 2019..IN RECENT WEEKS, WE HAVE EXPERIENCED SOME INCREASED EMERGING MARKET FOREIGN EXCHANGE VOLATILITY, WHICH HAS BEEN PARTIALLY OFFSET BY A STRENGTHENING OF DOLLAR.BASED ON CURRENT RATES* WE CURRENTLY EXPECT EXCHANGE TO HAVE A NEGATIVE IMPACT ON NET SALES OF £175M AND A NEGATIVE IMPACT ON OPERATING PROFIT OF £45M FOR FISCAL YEAR.  Full Article

Diageo Says Financial Expectations Unchanged, Announces Additional Buyback
Thursday, 26 Jul 2018 02:02am EDT 

July 26 (Reuters) - Diageo PLC ::FY UNDERLYING EPS ROSE 9.3 PERCENT TO 118.6 PENCE.TOTAL DIVIDEND 65.3 PENCEPER SHARE.FINANCIAL PERFORMANCE EXPECTATIONS ARE UNCHANGED.FY REPORTED NET SALES (£12.2 BILLION) AND OPERATING PROFIT (£3.7 BILLION) WERE UP 0.9% AND 3.7%.FY ORGANIC OPERATING PROFIT WAS UP 7.6%, IMPROVING ORGANIC OPERATING MARGINS BY 78 BASIS POINTS.TO INVEST IN BUSINESS TO DELIVER MID- TERM GUIDANCE OF CONSISTENT MID-SINGLE DIGIT ORGANIC NET SALES GROWTH FOR 3 YEARS ENDING 30 JUNE 2019.BOARD HAS APPROVED AN ADDITIONAL SHARE BUYBACK PROGRAMME OF UP TO £2.0 BILLION DURING F19..RECOMMENDED A FINAL DIVIDEND INCREASE OF 5%.  Full Article

Diageo ‍launches fixed rate euro denominated bonds​
Tuesday, 14 Nov 2017 02:00am EST 

Nov 14 (Reuters) - Diageo Plc :‍LAUNCHES AND PRICES 0.000% 3 YEAR AND 0.500% LONG 6 YEAR FIXED RATE EURO DENOMINATED BONDS​.‍LAUNCHED AND PRICED EUR 1.275 BILLION FIXED RATE EURO DENOMINATED BONDS UNDER ITS EUROPEAN DEBT ISSUANCE PROGRAMME​.‍ISSUER OF BONDS WILL BE DIAGEO FINANCE PLC, WITH PAYMENT OF PRINCIPAL AND INTEREST FULLY GUARANTEED BY DIAGEO PLC​.‍PROCEEDS FROM THIS ISSUANCE WILL BE USED FOR GENERAL CORPORATE PURPOSES​.  Full Article

Diageo says overall performance for year remain unchanged
Wednesday, 20 Sep 2017 02:00am EDT 

Sept 20 (Reuters) - DIAGEO PLC ::EXPECTATIONS ON OVERALL PERFORMANCE FOR YEAR REMAIN UNCHANGED.EXPECT H1 ORGANIC NET SALES GROWTH RATE WILL BE IMPACTED BY LATER TIMING OF CHINESE NEW YEAR AND BY EXPECTED IMPACT OF HIGHWAY BAN IN INDIA.EXPECT OUR ORGANIC OPERATING MARGIN EXPANSION WILL BE WEIGHTED TOWARDS H2.RE-AFFIRM EXPECTATION OF MID-SINGLE DIGIT TOP LINE GROWTH AND 175BPS OF ORGANIC OPERATING MARGIN IMPROVEMENT OVER THREE YEARS ENDING 30 JUNE 2019.  Full Article

Diageo updates on 1.5 bln pound share repurchase programme
Friday, 8 Sep 2017 02:00am EDT 

Sept 8 (Reuters) - Diageo Plc :DIAGEO PLC SHARE REPURCHASE PROGRAMME.‍ON 26 JULY 2017, BOARD OF DIAGEO PLC APPROVED A SHARE BUY-BACK PROGRAMME TO RETURN UP TO £1.5 BILLION TO SHAREHOLDERS DURING FISCAL YEAR ENDING 30 JUNE 2018​.‍HAS ENTERED INTO A NON-DISCRETIONARY AGREEMENT WITH MORGAN STANLEY & CO. INTERNATIONAL PLC TO ENABLE COMPANY TO BUY BACK SHARES​.‍CURRENT AGREEMENT WILL COMMENCE 8 SEPT AND IS EXPECTED TO END NO LATER THAN 31 MARCH 2018 FOR AN AGGREGATE CONSIDERATION OF UP TO £1.5 BILLION​.  Full Article

Diageo says completion of Casamigos acquisition
Tuesday, 15 Aug 2017 11:49am EDT 

Aug 15 (Reuters) - DIAGEO PLC ::COMPLETES ACQUISITION OF SUPER-PREMIUM TEQUILA CASAMIGOS.  Full Article

Diageo cfo says encouraged that us year on year results improved but still work to do in vodka
Thursday, 27 Jul 2017 02:39am EDT 

Diageo Plc :Diageo cfo says to manage leverage ratio in range of 2.5 to 3 times.Diageo cfo says encouraged that us year on year results improved but still work to do in vodka.  Full Article

Diageo to acquire Casamigos
Wednesday, 21 Jun 2017 12:01pm EDT 

June 21 (Reuters) - Diageo Plc ::Diageo to acquire super-premium tequila Casamigos.Transaction values Casamigos at up to $1 billion.Says Diageo expects transaction will be EPS neutral for first three years and accretive thereafter.Says expect acquisition will be economic profit positive in fourth full fiscal year post-completion.Transaction is expected to close in second half of calendar 2017.  Full Article

Sonocom announces change of chairman and president
Friday, 12 May 2017 02:49am EDT 

May 12(Reuters) - Sonocom Co Ltd <7902.T>:Says it appoints current president Koichi Sono as chairman of the board of the company .Says it appoints Kiyohiro Takagi as new president.Says change effective June 29.  Full Article

Diageo says HMRC to issue notices requiring additional tax
Wednesday, 10 May 2017 10:26am EDT 

May 10 (Reuters) - Diageo Plc ::Diageo - HM Revenue & Customs intends to issue preliminary notices of assessment under new diverted profits tax regime, which came into effect in April 2015.Diageo - Notices will require Diageo to pay additional tax and interest of approximately £107 million in aggregate for fy ended 30 june 2015 and 30 june 2016.Diageo does not believe that it falls within scope of new diverted profits tax regime.Will challenge assessments when they are received.Based on its current assessment, Diageo considers no provision is required in relation to diverted profits tax.Issue does not change Diageo's expectation that tax rate before exceptional items for year ending 30 june 2017 will be approximately 21%..  Full Article

Rugby-Guinness takes Six Nations title sponsorship

LONDON, Dec 7 Guinness will become the title sponsor of the Six Nations rugby tournament from 2019 after a six-year deal was announced on Friday.