Drinks colossus Diageo is said to be putting several US spirits brands up for sale and could expected to get between $0.5-1bn for the lot.
Diageo has launched and priced an SEC-registered $2bn bond transaction, it announced on Wednesday morning.
UK stocks are looking attractive amid renewed sterling weakness and potential turning tide after years of being under-held by fund managers, said BoA Merrill Lynch on Friday, highlighting particular value in Ashtead, GVC Holdings, National Grid, Standard Chartered and RSA Insurance.
(WebFG News) - Having underperformed its spirits peers so far this year, analysts at Morgan Stanley spied a buying opportunity in drinks-maker Diageo given its track record of solid organic sales growth and strong cash generation.
British multinational beverages company Diageo will invest a total of £150m over the next three years into Scotland's whisky tourism industry.
Tullow oil: Barclays downgrades to equal weight with a target price of 190p.
Diageo traded lower on Monday after RBC Capital Markets "reluctantly" downgraded the stock to 'sector perform' from 'outperform' as it cut the price target to 2,400p from 2,600p.
Diageo plc: Berenberg retains hold with a target price of 2,550p.
Bottles and cans of alcohol sold in the UK should be covered with graphic cigarette-style health warnings to highlight the risks of exceeding the recommended limit, the Royal Society for Public Health has demanded.
Next plc: RBC Capital Markets upgrades to outperform with a target price of 5,500p.
Guinness and Scotch whisky maker Diageo toasted stronger first half sales and profits but a decline in Asia Pacific and soft growth in North America meant growth was watered down somewhat.
Shares in Diageo are not cheap but were a 'buy' for the Sunday Times' Inside the City column, which advised stocking them away in your cellar like prize bottle of whisky. The spirits and Guinness maker has been shaken and stirred during since chief Ivan Menezes took the helm in the summer of 2013. He joined amid a lull in American demand for traditional Scotch and vodka, two of the company's key products. Instead, the trend was moving towards 'craft' bourbons and micro distilleries.
Fever-Tree: Jefferies initiates buy with a target price of 3000p.
Big Yellow Group: Berenberg upgrades to buy with a target price of 920p.
Cigarettes and booze found a bid on Wednesday as investors sought refuge in those two defensive sectors on a risk-off day more generally for financial assets globally, amid gyrations in metals markets which some market commentary linked to wider uncertainty surrounding the outlook for China's economy but also US policy-making.
AB Foods: Goldman Sachs downgrades to Neutral with a target price of 3400p.
TalkTalk: Credit Suisse downgrades to Underperform with a target price of 170p.
Diageo issued an update on its trading on Wednesday morning, claiming its business continued to strengthen through improved marketing, innovation and commercial execution, as investors prepared for the company's annual general meeting.
Diageo: Berenberg downgrades to Hold with a target price of 2550p.
Distilling giant Diageo announced on Friday that it has entered into a non-discretionary agreement with Morgan Stanley to enable the company to buy back shares.