Diageo (DEO) released a statement saying, “We note the recent media speculation around the Guinness brand and our stake in Moet Hennessy (LVMUY) and we can confirm that we have no intention to sell either. We will next update the market with Interim results on 4 February 2025 and we look forward to hosting our Guinness investor and analyst day on 19/20 May 2025.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DEO:
- Boeing provides downbeat pre-announcement, Verizon reports Q4 beat: Morning Buzz
- Diageo reviewing drinks portfolio, possible Guinness spin, Bloomberg says
- Are Covered Calls the Best Way to Capitalize on Kraft Heinz Stock?
- Diageo price target raised to 2,240 GBp from 2,200 GBp at Morgan Stanley
- Diageo price target raised to $129 from $124 at TD Cowen