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Diageo plc (DEO)

  • Wed, Oct. 7, 1:41 PM
    • There was a major beer deal struck today, although it didn't involve Anheuser-Busch InBev and SABMiller.
    • A little bit under the radar, Diageo (NYSE:DEO) and Heineken (OTCQX:HEINY) finalized an agreement to swap assets. Diageo sold a 57% stake in Desnoes & Geddes to Heineken to give the Dutch brewer 73% of the Red Stripe brewer. Diageo also sold 49.99% of Asian distributor GAPL Pte to Heineken.
    • Heineken traded back a 20% stake in Guiness Ghana Breweries to Diageo.
    • The asset deals will result in a net payment of $780.5M to Diageo.
    | Wed, Oct. 7, 1:41 PM | Comment!
  • Wed, Sep. 30, 6:27 PM
    • The Telegraph reports Diageo (NYSE:DEO) is pushing ahead with the sale of its wine brands (Blossom Hill, Piat d'Or, Rosenblum, etc.), as part of the drinks giant's ongoing attempts to unload non-core businesses.
    • Australia's Treasury Wine Estates is said to be "a leading suitor" for the business, No word on a sale price.
    • CEO Ivan Mendes suggested in July Diageo could sell its wine ops. “We do look at the portfolio, and I would say that without getting into specifics you can expect us to be active managers of our portfolio ... Wine is small. It plays a role in the US right now, but it is not going to get bigger for us.”
    | Wed, Sep. 30, 6:27 PM | 1 Comment
  • Wed, Sep. 16, 9:56 AM
    | Wed, Sep. 16, 9:56 AM | 5 Comments
  • Fri, Sep. 11, 9:07 AM
    • BNP Paribas upgrades Diageo (NYSE:DEO) to Outperform on its view the company is set to see improved results.
    • The French firm thinks changes put in place by CEO Ivan Menezes will lift Diageo over the next 12 to 18 months.
    | Fri, Sep. 11, 9:07 AM | 4 Comments
  • Tue, Sep. 8, 8:30 AM
    | Tue, Sep. 8, 8:30 AM | Comment!
  • Thu, Jul. 30, 8:56 AM
    • Diageo (NYSE:DEO): Q2 EPS of £0.95
    • Revenue of £10.81B (+5.4% Y/Y)
    • Press Release
    | Thu, Jul. 30, 8:56 AM | Comment!
  • Tue, Jul. 28, 8:22 AM
    • Diageo (NYSE:DEO) says it will end a partnership with Heineken (OTCQX:HEINY) in South Africa as it looks to become more aggressive in the region.
    • The company plans to sell stakes in joint venture entities to position itself to go head-to-head against Anheuser-Busch InBev and SABMiller.
    • A partnership with local brewer Namibia Breweries will continue.
    | Tue, Jul. 28, 8:22 AM | Comment!
  • Fri, Jul. 24, 10:36 AM
    • Diageo (DEO +0.7%) says it's working to respond to SEC requests for information on distribution and inventory.
    • The regulator is probing the company to see if excess supply was shipped in order to boost short-term results.
    • The latest development follows a period this summer when Diageo turned over a number of top execs.
    • Shares of Diageo are cutting into yesterday's late-day slide.
    | Fri, Jul. 24, 10:36 AM | Comment!
  • Thu, Jul. 23, 3:10 PM
    • Diageo (NYSE:DEO) breaks lower after the company confirms it received an inquiry from the SEC on inventory policies.
    • Shares of Diageo are down 3.9% in a quick dive. Anheuser-Busch InBev (BUD -1.1%) also dipped off the development.
    | Thu, Jul. 23, 3:10 PM | 3 Comments
  • Tue, Jun. 30, 10:55 AM
    • Diageo (DEO -0.1%) is looking for a new CFO after transitioning Deirdre Mahlan to run operations in North America.
    • The company has hit a rough patch on the continent due in part to pricing competition and a slip in demand for the Smirnoff vodka brand.
    • Diageo press release
    | Tue, Jun. 30, 10:55 AM | Comment!
  • Fri, Jun. 26, 1:47 PM
    • Ennismore Capital is the top bidder in an auction by Diageo (DEO -0.7%) to sell the Gleneagles golf course in Scotland, according to Sky News.
    • Sources indicate an announcement on the deal could come next week.
    • A transaction price of £150M ($235.88M) for the site of last year's Ryder Cup has been reported.
    | Fri, Jun. 26, 1:47 PM | 8 Comments
  • Mon, Jun. 22, 10:54 AM
    • Shares of Anheuser-Busch InBev (BUD +3.4%) shoot higher after a presentation by rival SABMiller indicates the brewer seeks to increase at-home beer demand in Latin America.
    • Though SABMiller aims to grab market share in new Latin American territories, BUD investors are focused on some of the rosy projections for overall growth in the region.
    • Diageo (DEO +1.3%) is also higher on the day.
    • Previously: SABMiller sees upside in Latin America (Jun. 22 2015)
    | Mon, Jun. 22, 10:54 AM | Comment!
  • Wed, Jun. 17, 10:57 AM
    • Diageo (DEO +0.7%) turns higher on market speculation LVMH is interested in acquiring the Moet Hennessy brand.
    • The Moet Hennessy portfolio includes wine, sparkling wine, spirits, and champagne products.
    • Earlier this month, Diageo was bid up on market rumors over 3G Capital purchasing the company.
    • Shares of Diageo are up 7.4% in June amid the M&A talk.
    | Wed, Jun. 17, 10:57 AM | 2 Comments
  • Mon, Jun. 8, 9:59 AM
    • Diageo (DEO -2.8%) trades lower as skepticism over a 3G Capital takeout builds.
    • Evercore ISI and Susquehanna are both out with notes to investors discounting the likelihood of a deal.
    • Anheuser-Busch InBev (BUD -3.2%) is also lower in early action.
    • The brewing giant built up some late gains Friday with investors betting that 3G's prominent stake in the company would become even more significant if it worked a deal for Diageo.
    • Previously: Diageo jumps on report of potential takeover offer (Jun. 05 2015)
    • Previously: Diageo bid "highly unlikely" - Evercore (Jun. 06 2015)
    | Mon, Jun. 8, 9:59 AM | 1 Comment
  • Sat, Jun. 6, 4:14 PM
    | Sat, Jun. 6, 4:14 PM | 16 Comments
  • Fri, Jun. 5, 4:30 PM
    • Brazil's Veja reports local P-E firm 3G Capital is considering a bid for Diageo (NYSE:DEO). The liquor giant's shares surged during the final hour of trading, closing up 8%.
    • 3G, known for buying companies possessing popular consumer brands and engaging in ruthless cost-cutting afterwards, is said to be in the early stages of weighing an acquisition. The firm is less than 3 months removed from striking a deal to merge existing holding H.J. Heinz with Kraft Foods.
    | Fri, Jun. 5, 4:30 PM | 21 Comments
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Company Description
Diageo PLC is in the business of beverage alcohol. The Company is engaged in the production, marketing, and selling of beverage alcohol with brands in spirits, beer and wine.