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Reuters - 1 dag geleden

Spirits makers exposed to China's EU brandy probe

FACTBOX-Spirits makers exposed to China's EU brandy probe Updates throughout after China announced anti-dumping measures Oct 8 (Reuters) - China on Tuesday imposed temporary anti-dumping measures on brandy imports from the European Union. As of Oct. 11, importers of brandy originating in the EU will have to put down security deposits mostly ranging from 34.8% to 39.0% of the import value, the Chinese commerce ministry said.

Reuters - 1 dag geleden

In Russia, an upstart whiskey distiller looks to break the vodka mould

In Russia, an upstart whiskey distiller looks to break the vodka mould By Sergei Berets KEMLYA, Russia, Oct 8 (Reuters) - Russia may be known for its vodka, but in a rural village a few hundred miles east of Moscow, a whiskey distillery is hoping to tempt Russians to embrace a different tipple. Western alcohol producers slashed their exports to Russia after Moscow sent troops into Ukraine in February 2022. Though some brands are now shipped through grey import channels, the sudden supply slump h

Reuters - 1 week geleden

Drink giants’ risky new plan: quantity not quality

BREAKINGVIEWS-Drink giants’ risky new plan: quantity not quality The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to fix typo in paragraph one. By Aimee Donnellan LONDON, Oct 2 (Reuters Breakingviews) - The titans of the alcohol world may soon start peddling cheaper booze, and in much greater volumes. Until fairly recently, giants like $80 billion Diageo DGE.L and $40 billion Pernod Ricard PERP.PA focused on a strategy known as “premiumisation”,

Reuters - 2 weken geleden

Diageo Says All Resolutions Contained In Notice Of AGM Passed

BRIEF-Diageo Says All Resolutions Contained In Notice Of AGM Passed Sept 27 (Reuters) - Diageo PLC DGE.L : DIAGEO - ALL RESOLUTIONS CONTAINED IN NOTICE OF AGM PASSED Source text for Eikon: ID:nRSa0638Ga Further company coverage: DGE.L

Reuters - 2 weken geleden

Diageo shares rise ahead of investor meet as whiskey maker says business plans to pay off

Diageo shares rise ahead of investor meet as whiskey maker says business plans to pay off Sept 26 (Reuters) - Diageo DGE.L said on Thursday some of its strategic initiatives were starting to pay off, prompting the world's largest spirits maker to stick to its outlook in a challenging environment and sending shares up 3% in early trade. The company was making progress on its business plans, including in the United States, where it is trying to improve its sales and distribution channels after exc

Reuters - 2 weken geleden

UK's Diageo rises on maintaining outlook in challenging environment

BUZZ-UK's Diageo rises on maintaining outlook in challenging environment ** Shares of spirit maker Diageo Plc DGE.L up 3% at 2,573; among top gainers on the FTSE 100 index .FTSE ** Co maintains its financial outlook despite global challenges facing its industry ** "I believe that the fundamentals for global TBA (Total Beverage Alcohol), and particu

Reuters - 2 weken geleden

Diageo Says Expectations Are Unchanged

BRIEF-Diageo Says Expectations Are Unchanged Sept 26 (Reuters) - Diageo PLC DGE.L : DIAGEO PLC - TRADING COMMENTARY AHEAD OF AGM 2024 DIAGEO - EXPECTATIONS ARE UNCHANGED DIAGEO: CONSUMERS CONTINUE TO BE CAUTIOUS IN THIS ENVIRONMENT Source text for Eikon: ID:nRSZ6696Fa Further company coverage: DGE.L

Reuters - 2 weken geleden

Diageo North America Acquires Ritual Zero Proof Non-Alcoholic Spirits

BRIEF-Diageo North America Acquires Ritual Zero Proof Non-Alcoholic Spirits Sept 25 (Reuters) - Diageo North America: DIAGEO NORTH AMERICA ACQUIRES RITUAL ZERO PROOF NON-ALCOHOLIC SPIRITS DIAGEO NORTH AMERICA: DEAL HAS BEEN FUNDED THROUGH EXISTING CASH RESOURCES Source text for Eikon: [ID:] Further company coverage: DGE.L

Reuters - 3 weken geleden

UK wins fight against EU tax order, in setback for EU's Vestager

UPDATE 1-UK wins fight against EU tax order, in setback for EU's Vestager Adds background information throughout, court quote in paragraphs 5,6 By Foo Yun Chee BRUSSELS, Sept 19 (Reuters) - Britain won on Thursday its fight against an EU order to recover millions of euros from the London Stock Exchange LSEG.L , broadcaster ITV ITV.L and other multinationals, in a setback to EU regulators' crackdown on certain tax schemes.

Reuters - 3 weken geleden

Campari can win back drinkers with marketing binge

BREAKINGVIEWS-Campari can win back drinkers with marketing binge The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Sept 18 (Reuters Breakingviews) - Campari CPRI.MI can recover from the hangover caused by the shock departure of its CEO. On Wednesday, the $10 billion maker of Aperol and Courvoisier cognac announced Matteo Fantacchiotti’s resignation for “personal reasons”.

Reuters - 3 weken geleden

Campari CEO leaves after only five months as sector struggles

UPDATE 4-Campari CEO leaves after only five months as sector struggles Campari CEO quits just months after taking role Predecessor to chair "leadership transition committee" Shares fall further after weakness in recent months Recasts paragraphs 3-5, adds investor comment in paragraphs 11-14; adds chart By Valentina Za and Alberto Chiumento MILAN, Sept 18 (Reuters) - Campari CPRI.MI CEO Matteo Fantacchiotti abruptly quit on Wednesday after only five months in charge of the Italian spirits group,

Reuters - 4 weken geleden

FTSE 100 gains on precious metals surge; rate cut bets surge

UPDATE 1-FTSE 100 gains on precious metals surge; rate cut bets surge For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.4%, FTSE 250 adds 1% Flutter Acquires 56% Stake In NSX Group For $350m UK public's inflation expectations fall to 3-year low Precious metal miners lead weekly gains Updated at 1600 GMT By Khushi Singh and Medha Singh Sept 13 (Reuters) - Precious metal mining stocks lifted London's blue-chip index on Friday a

Reuters - 4 weken geleden

Campari plunges after CEO comments on weak quarter for sector

UPDATE 1-Campari plunges after CEO comments on weak quarter for sector Adds details MILAN, Sept 13 (Reuters) - Shares in Campari CPRI.MI fell nearly 6% on Friday with several traders and analysts citing comments by the Italian spirits group's chief executive, describing the current quarter as "s till quite soft" for the industry. Campari said that what Campari CEO Matteo Fantacchiotti told a virtual event organized by Bank of America concerned "the sector's general trends" in the United States,

Reuters - 4 weken geleden

Campari plunges after CEO comments on "very soft" quarter for sector

Campari plunges after CEO comments on "very soft" quarter for sector MILANO, Sept 13 (Reuters) - Shares in Campari CPRI.MI fell more than 6% on Friday with traders citing comments by the Italian spirits group's chief executive at a conference about a "very soft" environment for the industry in the current quarter. Campari CEO Matteo Fantacchiotti spoke at a virtual event organized by Bank of America.

Reuters - 4 weken geleden

FTSE 100 hits one-week high as US rate cut expectations boost sentiment

UPDATE 1-FTSE 100 hits one-week high as US rate cut expectations boost sentiment For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.6%, FTSE 250 adds 0.8% U.S. producer prices slightly above expectations ECB cuts interest rates as growth dwindles Trainline gains on upbeat annual outlook BofA Global Research upgrades Diageo; shares rise Precious metal miners at highest levels in over a month Updated at 1550 GMT By Khushi Singh

Reuters - 4 weken geleden

Barclays weighs in on potential tariff risk for Europe if Trump wins

BUZZ-Barclays weighs in on potential tariff risk for Europe if Trump wins ** Barclays sees an up to high single-digit percent hit on European earnings if Donald Trump wins the U.S. presidential race and in the event of a full-blown trade war ** "A Trump win may raise concerns of a full-blown trade war," the British bank's strategists say in a note ** While the direct impact to potential U.S.

Reuters - 4 weken geleden

Banco, Shell, WH Smith

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *

Reuters - 4 weken geleden

Spirits: time to buy or time to sell?

LIVE MARKETS-Spirits: time to buy or time to sell? STOXX 600 up 0.7% Tech, travel & leisure lead bounce Downgrade hits Burberry Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com SPIRITS: TIME TO BUY OR TIME TO SELL?

Reuters - 4 weken geleden

European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks

BUZZ-European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks ** Deutsche Bank says soft drinks are the clear winner in the European beverages sector, while spirits and beer have suffered from a combination of negative estimate revisions and multiple contraction post a dismal summer ** "Brewers have not performed as well as we expected due to a combination of adverse weather in June and a lack of COGS (cost of goods sold) tailwinds," says DB ** It still sees the beer sect

Reuters - 1 maand geleden

FTSE 100 ends higher on travel, mining shares

UPDATE 1-FTSE 100 ends higher on travel, mining shares For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.4%, FTSE 250 down 0.2% Whitbread led gains on FTSE 100 following rating upgrade CAB Payments gains on partnership with Visa Sterling up almost 4% this year vs dollar Updated at 1540 GMT By Khushi Singh and Ankika Biswas Aug 29 (Reuters) - The UK's main stock index edged higher on Thursday, l ed by gains in the travel and m

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