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Reckitt and diageo favoured by jp morgan as investors seek 'safety' in consumer staples

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

November 2, 2023, 11:02 am

China’s caixin pmi manufacturing slips to 49.5, business optimism continues to wane

China’s Caixin PMI Manufacturing index slipped from 50.6 in September to 49.5 in October, falling below market expectations set at 50.8. This marks ...

November 1, 2023, 3:04 am

'buy' 2 undervalued food and drink companies

Diageo and Flowers Foods are two superb companies in the consumer goods sector - one in bread and one in spiri...

October 28, 2023, 1:56 am

Why bitcoin, ethereum, and dogecoin surged higher this week

It’s clear that there’s robust reason for Bitcoin and Ethereum to be up this week. As for the rest of the market, animal ...

October 27, 2023, 7:14 pm

New zealand balance of trade

New Zealand’s trade deficit narrowed to $2.329 billion in September 2023 from $2.519 billion in the corresponding month of the prior year. Exports d...

October 23, 2023, 12:14 pm

De-escalation narrative could still color trading today

Markets Markets kicked off the week in good spirits. Betting on a US led de-escalation of the conflict ...

October 17, 2023, 6:35 am

Constellation brands: budget-strapped consumers are buying less alcohol, more often

As consumers deal with inflation and other economic challenges, Constellation Brands is seeing shoppers make more frequent alcohol purchases but buyin...

October 5, 2023, 3:03 pm

Constellation brands (stz) q2 earnings beat, fy24 view raised

Constellation Brands' (STZ) Q2 results reflect gains from strong sales and operating income for the beer segment, offset by a soft wine and ...

October 5, 2023, 12:47 pm

Constellation brands has ‘brighter days ahead' after q2 earnings

Constellation Brands Inc (NYSE: STZ) lost about 2.0% today even though it reported market-beating results for its fiscal second quarter. Constellation...

October 5, 2023, 11:46 am

Diageo confident of hitting targets despite economic uncertainty

Diageo PLC (LSE:DGE) remained confident of delivering medium-term targets despite a challenging operating environment. The ...

September 28, 2023, 2:26 am

Birkenstock is going public: 5 things to know about the iconic german sandal maker.

The iconic German sandal and clog maker Birkenstock, beloved of hippies and free spirits everywhere, is...

September 13, 2023, 1:44 pm

Fevertree next week all about mood of consumers, says ubs

Things to watch for in Fevertree's interims next week (Wednesday 13 September) include the US consumer and environment (changes to elasticities and...

September 8, 2023, 9:16 am

Molson-coors wins beyond domestic beer

Molson Coors Beverage Company had its best quarter since its inception, benefiting from strategic acquisitions and reduced debt levels. Beer consumpti...

September 1, 2023, 6:29 pm

Jack daniel's parent brown-forman's stock sinks after surprise drop in profit, sales missed forecasats

Shares of Brown-Forman Corp. BF.B, +0.83% sank 4.4% toward a seven-week low in premarket trading Wednesday, after the ...

August 30, 2023, 8:18 am

Weekend sip: looking for a scotch alternative? try this indian single-malt whisky.

Godawan, an Indian brand launched by the global spirits conglomerate Diageo, is now available in the U....

August 26, 2023, 7:16 pm

Campari undervalued as it mulls takeover targets – deutsche bank

Campari Group, the spirits company, is interested in acquiring or merging with a fellow alcoholic bever...

August 21, 2023, 6:41 am

Nasdaq 100, dow jones, s&p 500 news: mixed sentiment as china’s woes dampen spirits

Tuesday’s session saw major indices, including the S&P 500, drop over 1%, amid concerns of potential bank credit downgrades by Fitch, echoing Moody�...

August 16, 2023, 10:42 am

Molson coors (tap) buys blue run to focus on drinks beyond beer

Molson Coors' (TAP) latest acquisition of whisky brand Blue Run marks its first spirits acquisition. Th...

August 9, 2023, 12:12 pm

Molson coors addition of blue run spirits shows their commitment to becoming a total beverage company

The acquisition of Blue Run spirits allows Molson Coors to expand their reach, and make a serious play ...

August 8, 2023, 10:45 am

Diageo hits profit targets thanks to premium spirit sales

British alcoholic spirits purveyor Diageo plc has reported net sales of £17.12bn in the 2023 financia...

August 1, 2023, 3:04 am


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