Diageo stock increased by 4% this morning after it announced an improved profit growth forecast for the 2021 fiscal year.

Diageo stock enjoyed its best session since March after chief executive Ivan Menezes issued a positive trading update ahead of the firm’s annual meeting.

The board of Foster’s Group has recommended to its shareholders that an improved takeover offer by SABMiller is accepted.

Absolut reports 6% growth

02 September, 2011

Absolut Vodka, part of the Pernod Ricard group, has revealed that its annual sales value and volume grew by 6% during the period July 1 2010 to June 30 2011. 

Foster’s Group has announced a proposal to demerge Treasury Wine Estates at a cost of AU$151m.

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Comment

Tess Posthumus

Talking the challenges of cocktail weeks

Having recently returned from the US visiting both Oakland and Arizona Cocktail Weeks I was amazed by the differences in approach. In Oakland there was a much bigger trade focus and it felt more relaxed, whereas in Arizona it was one massive party for consumers.

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