Diageo PLC (DGE.L)
21 Oct 2016
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.
ABUJA/LONDON, Oct 5 Diageo has scrapped plans to lift its stake in Guinness Nigeria due to tough market conditions there, the drinks company said on Wednesday.
* Says the Co has taken decision not to proceed with Diageo Plc's offer
LAGOS, Sept 21 Guinness Nigeria said on Wednesday that it had received a $95 million loan from parent Diageo to help it cope with dollar shortages in the West African country caused by a slump in crude prices.
LAGOS, Sept 21 Guinness Nigeria said on Wednesday that is parent Diageo had given it a $95 million term loan to support its dollar needs through foreign currency shortages caused by the West African country's floating of the naira.
LONDON Drinks maker Diageo said on Wednesday its 2017 fiscal year had started well, with the key drivers of improved top line growth being scotch whisky, U.S. spirits and India.
LONDON, Sept 21 Drinks maker Diageo said on Wednesday its 2017 fiscal year had started well, with the key drivers of improved top line growth being scotch whisky, U.S. spirits and India.
(The following statement was released by the rating agency) MOSCOW/MILAN/LONDON, August 02 (Fitch) Fitch Ratings-Moscow/Milan/London-2 August 2016: Fitch Ratings has revised Diageo plc's Outlook to Stable from Negative. Its Long-Term Issuer Default Rating (IDR) and senior unsecured rating have been affirmed at 'A-'/'F2' and its Short-Term IDR at 'F2'. Diageo's subsidiaries' (Diageo Finance BV, Diageo Finance plc, Diageo Capital plc and Diageo Investment Corporation) senior unsecured ratings
* Diageo CFO says it's important for company that UK continues to benefit from open access to EU
BRIEF-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."
* Board recommended a final dividend increase of 5% bringing full year dividend to 59.2 pence per share