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Diageo PLC (DGE.L)

DGE.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Diageo Reiterates Guidance Of Organic Net Sales Growth In Upper End Of Mid-Single Digit Range
Wednesday, 22 May 2019 

May 22 (Reuters) - Diageo PLC ::UPDATE AHEAD OF CAPITAL MARKETS DAY.REITERATING OUR CURRENT GUIDANCE OF DELIVERING ORGANIC NET SALES GROWTH TOWARDS UPPER END OF OUR MID-SINGLE DIGIT RANGE.REITERATING GUIDANCE OF 175BPS ORGANIC OPERATING MARGIN IMPROVEMENT OVER THREE YEARS ENDING 30 JUNE 2019.AS CO LOOKS AHEAD TO END OF FISCAL 22, EXPECTS DIAGEO TO MAINTAIN ORGANIC NET SALES GROWTH IN MID-SINGLE DIGIT RANGE.AS CO LOOKS AHEAD TO END OF FISCAL 22, EXPECTS TO GROW ORGANIC OPERATING PROFIT AHEAD OF NET SALES IN RANGE OF 5% TO 7%..LOOKING TO FY22, EXPECT TO MAINTAIN ORGANIC NET SALES GROWTH IN MID-SINGLE DIGITS, GROW ORGANIC OPERATING PROFIT AHEAD OF NET SALES IN 5%-7% RANGE.  Full Article

Diageo Closes Partial Tender For Shuijingfang
Thursday, 4 Apr 2019 

April 4 (Reuters) - Diageo PLC ::DIAGEO PLC - CLOSE OF PARTIAL TENDER - SHUIJINGFANG.DIAGEO PLC - TOTAL OF 15.3 MILLION SHARES, REPRESENTING APPROXIMATELY 3.14% OF ISSUED SHARE CAPITAL OF SJF, HAVE BEEN TENDERED FOR ACCEPTANCE UNDER PTO.DIAGEO - SETTLEMENT OF PTO EXPECTED TO TAKE PLACE ON APRIL 9; ON COMPLETION OF PTO, CO'S AGGREGATE EQUITY STAKE IN SJF WILL BE ABOUT 63.14%.DIAGEO PLC - GMIHL WILL PURCHASE ALL OF SHARES THAT HAVE BEEN TENDERED BY SHAREHOLDERS OF SJF.  Full Article

Diageo Proposes Partial Tender Offer To Increase Stake In Sichuan Shuijingfang
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Diageo PLC ::TENDER OFFER.PROPOSAL FOR PARTIAL TENDER OFFER TO INCREASE ITS AGGREGATE EQUITY STAKE IN SJF FROM 60.00% TO UP TO 70.0% AT OFFER PRICE OF RMB45.00/SHARE.SHAREHOLDERS IN SJF HAVE BEEN ADVISED THAT SUCH PROPOSAL IS STILL UNDER DISCUSSION AND THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE.  Full Article

Diageo Reports Higher Net Sales; Announces Share Buyback
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Diageo PLC ::H1 UNDERLYING EPS 77 PENCE.CONTINUE TO EXPECT TO DELIVER MID-SINGLE DIGIT ORGANIC NET SALES GROWTH FOR YEAR.CONTINUE TO EXPECT TO EXPAND OPERATING MARGINS IN LINE WITH OUR PREVIOUS GUIDANCE OF 175 BPS FOR THREE YEARS ENDING 30 JUNE 2019.HY REPORTED NET SALES (£6.9 BILLION) WAS UP 5.8% WITH ORGANIC GROWTH PARTIALLY OFFSET BY UNFAVOURABLE EXCHANGE.HY REPORTED OPERATING PROFIT (£2.4 BILLION) WAS UP 11.0%, DRIVEN BY ORGANIC GROWTH.INTERIM DIVIDEND INCREASED 5% TO 26.1 PENCE PER SHARE.EXCHANGE RATE MOVEMENT FOR YEAR ENDING 30 JUNE 2019 IS ESTIMATED TO ADVERSELY IMPACT NET SALES BY ABOUT £80 MILLION.IN SIX MONTHS ENDED 31 DECEMBER 2018, 46.5 MILLION SHARES WERE REPURCHASED FOR AN AGGREGATE CONSIDERATION OF £1.275 BILLION..SALE OF A PORTFOLIO OF 19 BRANDS TO SAZERAC RESULTED IN EXCEPTIONAL GAIN BEFORE TAXATION OF £154 MILLION.BOARD APPROVED AN INCREMENTAL SHARE BUYBACK OF £660 MILLION IN HY.  Full Article

Guinness Nigeria Says Fire Broke Out At Co's Aba Premises On Jan 18
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Guinness Nigeria PLC ::ON THE 18TH OF JANUARY, 2019, A FIRE BROKE OUT AT GUINNESS NIGERIA PLC’S ABA PREMISES LOCATED IN THE OSISIOMA INDUSTRIAL LAYOUT..NO INJURY OR MAJOR MATERIAL LOSS RESULTING FROM THE INCIDENT.FIRE WAS CONTAINED OUTDOORS AND DID NOT AFFECT ANY OF THE BUILDINGS ON SITE.WHILE AWAITING THE OUTCOME OF AN ASSESSMENT OF THE INCIDENT, WE DO NOT EXPECT ANY MATERIAL IMPACT TO OUR NUMBERS.  Full Article

Diageo To Sell United National Breweries To Delta Corporation
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Diageo PLC ::DIAGEO - AGREEMENT FOR SALE OF UNITED NATIONAL BREWERIES, ITS SORGHUM BEER BUSINESS IN SOUTH AFRICA, TO DELTA CORPORATION.DIAGEO PLC - SALE PROCEEDS, WHICH ARE NOT MATERIAL, HAVE NOT BEEN DISCLOSED.DIAGEO PLC - TRANSACTION IS EXPECTED TO BE EPS NEUTRAL IN ITS FIRST FULL FINANCIAL YEAR.  Full Article

Diageo Sees Organic Net Sales Growth In FY19 Consistent With Guidance
Thursday, 20 Sep 2018 

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 

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 

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 

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

AustralianSuper eyes overseas infrastructure, property, private debt - CIO

LONDON, June 19 Australia's largest pension scheme, AustralianSuper, plans to increase the portion of its portfolio invested in unlisted assets to around 30% from 20% over the next three years, its investment chief told Reuters.