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United Kingdom

Diageo PLC (DGE.L)

DGE.L on London Stock Exchange

3,452.00GBp
16 Aug 2019
Change (% chg)

36.50 (+1.07%)
Prev Close
3,415.50
Open
3,475.00
Day's High
3,475.00
Day's Low
3,432.50
Volume
3,787,425
Avg. Vol
3,502,620
52-wk High
3,538.00
52-wk Low
2,513.00

Latest Key Developments (Source: Significant Developments)

Unite Members Vote For Industrial Action At Diageo
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Unite The Union :UNITE MEMBERS VOTE FOR INDUSTRIAL ACTION AT DIAGEO.UNITE THE UNION - CONFIRMED THAT MEMBERSHIP AT DIAGEO’S LEVEN, CAMERON BRIDGE AND SHIELDHALL PLANTS HAVE VOTED IN SUPPORT OF INDUSTRIAL ACTION.UNITE THE UNION - DISPUTE RELATES TO THE ANNUAL PAY AWARD WITH UNITE’S MEMBERSHIP AT DIAGEO’S PLANTS.UNITE THE UNION - STRIKE ACTION AT DIAGEO’S DISTILLING & BOTTLING PLANTS IS NOW LIKELY TO TAKE PLACE FROM SEPTEMBER TO NOVEMBER.UNITE THE UNION SAYS WOULD URGE DIAGEO TO GET BACK ROUND THE NEGOTIATING TABLE WITH A NEW OFFER WHICH "FAIRLY REWARDS ITS WORKERS".  Full Article

Diageo Buys Majority Shareholding In Distilled Non-Alcoholic Spirit Seedlip
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Diageo PLC ::DIAGEO ACQUIRES MAJORITY SHAREHOLDING IN SEEDLIP, WORLD'S FIRST DISTILLED NON-ALCOHOLIC SPIRIT.BOUGHT SEEDLIP, WHICH WAS LAUNCHED BY BEN BRANSON IN 2015; BEN TO REMAIN ACTIVELY INVOLVED AS SHAREHOLDER AND DIRECTOR.  Full Article

Diageo Enters Into Non-Discretionary Agreement With UBS AG London Branch To Execute First Phase Of ROC Programme
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Diageo PLC ::DIAGEO PLC - DIAGEO PLC RETURN OF CAPITAL PROGRAMME.DIAGEO - ENTERED INTO NON-DISCRETIONARY AGREEMENT WITH UBS AG LONDON BRANCH TO EXECUTE FIRST PHASE OF ROC PROGRAMME TO ENABLE CO TO BUY BACK SHARES.DIAGEO - AGREEMENT WILL COMMENCE 1 AUGUST 2019 AND IS EXPECTED TO END NO LATER THAN 31 JANUARY 2020 AND WILL BE FOR A VALUE OF UP TO £1.25 BILLION.DIAGEO PLC - FURTHER EXECUTION PHASES OF ROC PROGRAMME WILL BE ANNOUNCED IN DUE COURSE..  Full Article

Diageo FY Reported Net Sales Up 5.8% To 12.9 Bln Stg
Thursday, 25 Jul 2019 

July 25 (Reuters) - Diageo PLC ::FY UNDERLYING EPS ROSE 10.3 PERCENT TO 130.8 PENCE.FY REPORTED NET SALES (£12.9 BILLION) INCREASED 5.8% WITH ORGANIC GROWTH PARTIALLY OFFSET BY ACQUISITIONS AND DISPOSALS.FY BASIC EPS OF 130.7 PENCE INCREASED BY 7.4%. PRE-EXCEPTIONAL EPS GREW 10.3% TO 130.8 PENCE.FY REPORTED OPERATING PROFIT (£4.0 BILLION) INCREASED 9.5%.FINAL DIVIDEND INCREASED 5% BRINGING FULL YEAR DIVIDEND TO 68.57 PENCE PER SHARE.DIAGEO - IN MEDIUM TERM EXPECT CO TO MAINTAIN ORGANIC NET SALES GROWTH IN MID-SINGLE DIGIT RANGE.IN MEDIUM TERM EXPECT TO GROW ORGANIC OPERATING PROFIT AHEAD OF NET SALES IN RANGE OF 5%-7%.FY EXPANDED ORGANIC OPERATING MARGIN AHEAD OF OUR GUIDANCE AND INCREASED INVESTMENT BEHIND OUR BRANDS AHEAD OF ORGANIC NET SALES GROWTH.IN YEAR ENDED 30 JUNE 2019, 94.7 MILLION SHARES WERE REPURCHASED FOR AN AGGREGATE CONSIDERATION OF £2.8 BILLION.AFTER YEAR END A FURTHER 0.3 MILLION SHARES WERE PURCHASED FOR AN AGGREGATE CONSIDERATION OF £26 MILLION.ON 25 JULY 2019, BOARD APPROVED PLANS FOR A FURTHER RETURN OF CAPITAL UP TO £4.5 BILLION TO SHAREHOLDERS FOR PERIOD F20 TO F22.  Full Article

Diageo Says It Has Contingency Plans If GMB, Unite Unions Strike
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Diageo Spokesperson::DIAGEO PLC SPOKESPERSON - MET WITH REPRESENTATIVES OF THE GMB AND UNITE UNIONS FOR FURTHER DISCUSSIONS ON PAY NEGOTIATIONS FACILITATED BY ACAS.DIAGEO PLC SPOKESPERSON, ON GMB AND UNITE UNIONS, SAYS "HAVE WELL DEVELOPED CONTINGENCY PLANS IN PLACE IN THE EVENT OF ANY STRIKE ACTION".DIAGEO PLC SPOKESPERSON, ON GMB AND UNITE UNIONS, SAYS DESPITE "IMPROVING OUR OFFER", THE UNIONS DID NOT MOVE FROM THEIR POSITION.  Full Article

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

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Diageo Scottish union threatens to go on strike in September

Members of one of Diageo Plc's biggest Scottish unions are set to go on strike, days after talks over pay raise fell through, threatening the production of some the region's most popular whiskies.