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Possible Trump tariffs spell trouble for spirits makers

LIVE MARKETS-Possible Trump tariffs spell trouble for spirits makers STOXX 600 down 0.6% Travel, miners biggest fallers Oil stocks rise S&P futures lower 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 POSSIBLE TRUMP TARIFFS SPELL TROUBLE FOR SPIRITS MAKERS Should Donald Trump get re-elected as U.S.
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Diageo defeats appeal in Bulleit bourbon bottle trademark fight

Diageo defeats appeal in Bulleit bourbon bottle trademark fight By Blake Brittain May 28 (Reuters) - Liquor giant Diageo DGE.L convinced a U.S. appeals court on Tuesday to uphold a ban on a whiskey maker's use of a bottle design that was found to be confusingly similar to Diageo's Bulleit bourbon packaging. The 2nd U.S. Circuit Court of Appeals agreed with a Manhattan federal court that Diageo provided enough evidence that W.J.
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India's United Spirits tops Q4 profit view on higher premium liquor demand

India's United Spirits tops Q4 profit view on higher premium liquor demand BENGALURU, May 24 (Reuters) - India's Smirnoff vodka maker United Spirits UNSP.NS reported a bigger-than-expected rise in fourth-quarter profit on Friday, aided by strong demand for its premium alcohol brands. The company's profit rose over 88% to 3.84 billion rupees (around $46 million) in the March quarter, beating analysts' expected profit of 2.48 billion rupees, according to LSEG data.
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India economic, corporate events on May 24

DIARY- India economic, corporate events on May 24 BENGALURU, May 24 (Reuters) - Diary of India economic, corporate events on May 24. ECONOMIC, CORPORATE .BSE500 EVENTS: Start Date Start Time RIC Company Name Event Name 24-May-2024 NTS INBF.NS Indiabulls Housing Finance Ltd Q4 2024 Indiabulls Housing Finance Ltd Earnings Release 24-May-2024 NTS SUZL
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Buyers will keep springing for fancy Walmart wares

BREAKINGVIEWS-Buyers will keep springing for fancy Walmart wares The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, May 16 (Reuters Breakingviews) - Walmart WMT.N is moving up the chain. While buyers are ditching expensive drinks at Starbucks SBUX.O and buying fewer happy meals at McDonald’s MCD.N , they’re springing for more items at the $510 billion superstore, including higher-priced goods like furniture and clothing.
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India's Radico Khaitan up on Q4 profit climb

BUZZ-India's Radico Khaitan up on Q4 profit climb ** Shares of Radico Khaitan RADC.NS up 2% at 1,642.65 rupees ** Magic Moments vodka maker's Q4 profit climbed 26% YoY on Tuesday ** Peer United Breweries' UBBW.NS profit surged , United Spirits UNSP.NS is yet to report ** RADC, UBBW, UNSP all rated "hold" on avg - LSEG data ** YTD, RADC down 0.8%; U
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India's Sula Vineyards eyes worst day in two months on Q4 profit drop

BUZZ-India's Sula Vineyards eyes worst day in two months on Q4 profit drop ** Shares of Sula Vineyards SULA.NS down 4.1% at 519.8 rupees, on track for worst day since March 13 ** Co's Q4 profit fell 5% YoY ** Stock down ~5% so far this week, set for worst week since late Feb ** United Breweries UBBW.NS posted 8x surge in Q4 profit ** United Spirits
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Spirits makers exposed to China's EU brandy probe

RPT-FACTBOX-Spirits makers exposed to China's EU brandy probe Repeats story first moved on Jan 5 with no change to text May 5 (Reuters) - China has launched an anti-dumping investigation on brandy imported from the European Union, a step that appears to be mainly targeted at France. Below are some facts about China's brandy imports and European companies exposed to the market.
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UK's FTSE 100 hits record high as favourable data boosts sentiment

UPDATE 2-UK's FTSE 100 hits record high as favourable data boosts sentiment There will be no UK equities report on Monday on account of a bank holiday. Reuters will resume coverage on Tuesday, May 7. Anglo American jumps after report of Glencore interest IHG falls as quarterly room revenue misses expectations Upswing in UK services firms points to renewed growth FTSE 100 up 0.5%, FTSE 250 adds 0.6% Updated at 1616 GMT By Pranav Kashyap, Shubham Batra and Khushi Singh May 3 (Reuters) - Britain's
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UK's Diageo rises on CFO appointment

BUZZ-UK's Diageo rises on CFO appointment ** Shares of spirits maker Diageo DGE.L up 1.2% at 2,762.5p ** Co names Nik Jhangiani as new CFO, who will take up the role in Autumn 2024 ** Jhangiani replaces outgoing CFO Lavanya Chandrashekar ** Jhangiani is currently CFO at Coca-Cola Europacific Partners CCEPC.L ** DGE shares down ~4% in 2024 Reporting
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UK Stocks-Factors to watch on May 3

UPDATE 1-UK Stocks-Factors to watch on May 3 Adds news items May 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.2%. * ANGLO AMERICAN: Commodities group Glencore GLEN.L is studying an approach for Anglo American AAL.L , two sources said, a development that could spark a bidding war for the 107-year old mining company.
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Diageo names new CFO as it recovers from profit warning

UPDATE 2-Diageo names new CFO as it recovers from profit warning Adds detail in paragraph 3, analyst quote in paragraphs 8-9, detail on Jhangiani in paragraphs 11-12 By Emma Rumney LONDON, May 3 (Reuters) - Diageo DGE.L named Nik Jhangiani as its chief financial officer on Friday, with Lavanya Chandrashekar leaving after three years in the role at the world's largest spirits group.
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Diageo Appoints Nik Jhangiani As CFO

BRIEF-Diageo Appoints Nik Jhangiani As CFO May 3 (Reuters) - Diageo PLC DGE.L : DIAGEO PLC - NIK JHANGIANI TO JOIN DIAGEO AS CFO DIAGEO PLC - NIK JHANGIANI TO JOIN DIAGEO AS CFO DIAGEO - LAVANYA CHANDRASHEKAR WILL STEP DOWN FROM EXECUTIVE COMMITTEE AND BOARD AT SAME TIME AFTER THREE YEARS AS CFO Source text for Eikon: ID:nRSC0867Na Further company
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Diageo names Nik Jhangiani as next CFO

Diageo names Nik Jhangiani as next CFO May 3 (Reuters) - Diageo DGE.L named Nik Jhangiani as its chief financial officer on Friday. Jhangiani, currently the CFO at Coca-Cola Europacific Partners will be taking up the role at Diageo in Autumn 2024, the company said. Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich
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What are the challenges facing French spirits giant Pernod in India?

FACTBOX-What are the challenges facing French spirits giant Pernod in India? Adds antitrust case NEW DELHI, May 1 (Reuters) - From antitrust cases to accusations of illegally boosting market share, French liquor giant Pernod Ricard PERP.PA faces business and regulatory challenges in India, which it rates as one of its most crucial markets in the world.
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Pernod Ricard banks on 'dynamic' 4th quarter as US, China drag on sales

UPDATE 3-Pernod Ricard banks on 'dynamic' 4th quarter as US, China drag on sales Pernod maintains FY guidance despite Q3 sales miss Bets on acceleration in Q4 U.S. and China challenges set to continue Adds shares in paragraph 3, CFO quotes in paragraphs 9-11 and investor in paragraphs 12-13 By Dominique Vidalon and Emma Rumney PARIS/LONDON, April 25 (Reuters) - Pernod Ricard PERP.PA missed third-quarter sales forecasts on Thursday as its big U.S.
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Pernod Ricard Reports Q3 Net Sales EUR 2.35 Billion

BRIEF-Pernod Ricard Reports Q3 Net Sales EUR 2.35 Billion April 25 (Reuters) - Pernod Ricard SA PERP.PA : PERNOD RICARD - Q3 NET SALES EUR 2.35 BILLION, STABLE, (+2% EXCLUDING RUSSIA) AND -2% REPORTED PERNOD RICARD - VOLUMES GREW BY 1% IN Q3, WITH GROWTH RESUMING FOLLOWING FOUR CONSECUTIVE QUARTERS OF DECLINE PERNOD RICARD - FY OUTLOOK: DYNAMIC Q4
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Adriatic Metals, Diageo, GB Group

EUROPE RESEARCH ROUNDUP-Adriatic Metals, Diageo, GB Group April 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adriatic Metals, Diageo and GB Group, on Tuesday. HIGHLIGHTS * Adriatic Metals Plc ADT1.L : Stifel raises target price to 275p from 250p * Diageo Plc DGE.L : Morgan Stanley cuts target price to 2400p from 2430p * GB Group Plc GBGP.L : Peel Hunt raises target price to 360p from 340p * H&M HMb.ST : Morgan Stanley raises
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ASML Holding, Flutter Entertainment, Topdanmark

EUROPE RESEARCH ROUNDUP-ASML Holding, Flutter Entertainment, Topdanmark April 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ASML Holding, Flutter Entertainment and Topdanmark, on Thursday. HIGHLIGHTS * Adidas AG ADSGn.DE : Barclays raises target price to EUR 231 from EUR 227 * ASML Holding NV ASML.AS : TD Cowen raises target price to EUR 1,050 from EUR 1,000 * Flutter Entertainment FLTRF.L : HSBC cuts to hold from buy * Henkel
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What LVMH results mean for European beverages

LIVE MARKETS-What LVMH results mean for European beverages STOXX 600 up 0.7% ASML orders disappoint Miners bounce back 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 alun.john@thomsonreuters.com . WHAT LVMH RESULTS MEAN FOR EUROPEAN BEVERAGES Shares in Europe's largest luxury group LVMH LVMH.PA are rising on Wednesday following upbeat results, with overall sales for the quarter ending in Mar
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