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Diageo (LON:DGE) Given a GBX 4,100 Price Target at Jefferies Financial Group

Diageo (LON:DGE – Get Rating) has been assigned a GBX 4,100 ($53.98) price objective by stock analysts at Jefferies Financial Group in a research note issued on Wednesday, Borsen Zeitung reports. Jefferies Financial Group’s target price indicates a potential upside of 9.30% from the company’s previous close. Other analysts have also issued reports about the […] ....

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Blinded by stage lights? How to spot celebrity-backed businesses that won't fail


Blinded by stage lights? How to spot celebrity-backed businesses that won’t fail
UK authorities threatened to shut down Gwyneth Paltrow s wellness brand Goop over issues with its accounts, but there are plenty of famous people who have established successful businesses
Gwyneth Paltrow s wellness brand Goop is in trouble. Again.
Its UK arm could be shut down by the UK authorities for failing to submit its accounts and it has until 6 June to object the accusations.
It’s the second time the retailer has been threatened with dissolution, as it failed to disclose the necessary documents for the year to December 2018. ....

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UK stocks open 0.6% higher as earnings upgrades keep coming | 12 May 2021


12 May 2021 | 08:41am
StockMarketWire.com - UK stocks opened higher on Wednesday, recouping a portion of Tuesday s heavy losses, as local companies continued to release upbeat earnings updates as lockdowns ease.
At 0830, the benchmark FTSE 100 index was up 38.72 points, or 0.6%, at 6,986.71.
Sentiment also was buoyed by stronger-than-anticipated economic data, with British gross domestic product falling 1.5% in the first quarter, beating expectations of a 1.6% drop.
Alcoholic drinks maker Diageo gained 3.1% to £32.875, on announcing that it would initiate the second phase of £4.5 billion capital return program, but extend its duration by two years to 30 June 2024.
The welcome move came as Diageo forecast organic operating profit growth to be at least 14% in its current financial year, slightly ahead of organic net sales growth. ....

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FTSE recovery falters, GDP figures come in ahead of expectations | 12 May 2021


12 May 2021 | 12:09pm
StockMarketWire.com - The recovery in the FTSE 100 faltered by midday with the index 0.4% higher at 6,974.59 having briefly traded above 7,000 earlier on.
Sentiment was buoyed by stronger-than-anticipated economic data, with British gross domestic product falling 1.5% in the first quarter, beating expectations of a 1.6% drop.
Alcoholic drinks maker Diageo gained 3.1% to £32.875, on announcing that it would initiate the second phase of £4.5 billion capital return program, but extend its duration by two years to 30 June 2024.
The welcome move came as Diageo forecast organic operating profit growth to be at least 14% in its current financial year, slightly ahead of organic net sales growth. ....

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FTSE back above 7,000 after higher than expected US inflation | 12 May 2021


12 May 2021 | 16:42pm
StockMarketWire.com - Despite a slump on Wall Street as US prices rose faster than expected in March the FTSE 100 made good progress on Wednesday, trading 0.8% higher to just regain the 7,000 mantle.
By 4.30pm UK time the S&P 500 in the US was down 1.2% at 4,101.69.
UK sentiment was buoyed by stronger-than-anticipated economic data, with British gross domestic product falling 1.5% in the first quarter, beating expectations of a 1.6% drop.
Alcoholic drinks maker Diageo gained 3.4% to £32.99, on announcing that it would initiate the second phase of £4.5 billion capital return program, but extend its duration by two years to 30 June 2024.
The welcome move came as Diageo forecast organic operating profit growth to be at least 14% in its current financial year, slightly ahead of organic net sales growth. ....

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