UK: Diageo, Heineken, Pernod get ratings boost - report
Diageo and Heineken were boosted to 'buy' from 'add' as a result of accelerated sales growth, and despite a slip in share prices in recent weeks, DKW said. Pernod Ricard's rating was upgraded to 'add' from 'hold'.
DKW, however, cut InBev's rating to 'hold' from 'add' based on valuation, with shares trading within 4% of the its EUR40 (US$49.2) target.
Pernod Ricard has insisted its four remaining production sites in North America are safe after announcing it plans to close a US distillery. Pernod's US arm will close its site at Lawrenceburg, Indian...
Heineken has said it will know by the end of June which of its Russian brands it will keep after reviewing its portfolio in the wake of a slew of acquisitions in the country last year....
Heineken has refused to comment on reports in Russia that it is in talks with the local distributor of Kirin Brewery to produce the Japanese brewer's flagship brand....
Pernod Ricard will close one of its distilleries in the US after a review of its operations in North America found it had "significant excess capacity" on the continent following the takeover of Allie...
Cautious optimism is probably the best way to describe today's press reaction to Pernod's friendly bid for Allied Domecq....
Spirits firm Allied Domecq has agreed to a takeover bid from smaller rival Pernod Ricard, subject to agreement from Allied shareholders....
Allied Domecq last night accepted Pernod Ricard's offer to buy the UK-based drinks giant....
Pernod Ricard is to acquire Allied Domecq....
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