Analysis: Diageo's recovery mode in 2021
Diageo shareholders were toasting chief executive Ivan Menezes after he said they can expect to receive billions of pounds in share buybacks or special dividends. The Smirnoff, Johnnie Walker and Guinness producer announced that organic profit should grow by at least 14% in the year to 30 June.
Diageo stock increased by 4% this morning after it announced an improved profit growth forecast for the 2021 fiscal year.
Foster’s accepts improved SABMiller takeover bid
The board of Foster’s Group has recommended to its shareholders that an improved takeover offer by SABMiller is accepted.
Heineken proposes director change
Heineken has proposed that Charlotte Kwist replaces her uncle Dirk Pieter Hoyer as a director of Heineken Holdings.
Foster’s to demerge Treasury Wine Estates
Foster’s Group has announced a proposal to demerge Treasury Wine Estates at a cost of AU$151m.
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Ben Branson on the future of non-alc spirits
In his inaugural column for Drinks International, Branson takes a wider look at the overall non-alcoholic spirits sector to identify which brands will thrive and which won’t survive.
