DEO / Diageo update should reassure, says Bank of America

Investors are turning defensive in the consumer stocks sector, according to JP Morgan with evidence from the latest quarterly earnings season suggesti more_horizontal

The stock market has entered a correction. The S&P 500 has slipped 10% from its prior highs, falling back to levels last seen in May. more_horizontal

Diageo and Flowers Foods are two superb companies in the consumer goods sector - one in bread and one in spirits/alcohol. I own both of these business more_horizontal

Berkshire Hathaway initiated a tiny position in alcohol beverage giant Diageo earlier this year. Diageo pays a semiannual dividend, representing a 2.6 more_horizontal

Investors with an interest in Beverages - Alcohol stocks have likely encountered both Molson Coors Brewing (TAP) and Diageo (DEO). But which of these more_horizontal

Diageo PLC (LSE:DGE) is looking to beef up its balance sheet by raising US$1.7 billion via a twin US bond issue after last week reporting the ongoing more_horizontal

Diageo's trading statement was a case of no news is good news, according to Bank of America. The bank felt the update should provide some reassurance more_horizontal

Diageo PLC (LSE:DGE) remained confident of delivering medium-term targets despite a challenging operating environment. The spirits maker, which owns J more_horizontal