Diageo stock increased by 4% this morning after it announced an improved profit growth forecast for the 2021 fiscal year.
Diageo shares climb after positive trading update
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.
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.
Absolut reports 6% growth
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 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.
