Blog: Diageo and its wad of cash
Chris Mercer | 26 August 2010
Diageo has built up a significant pile of cash over the last year and speculation is growing as to what the company will do with it.
Diageo had a free cashflow of GBP2bn (US$3.09bn) at the end of its most recent fiscal year. Group CEO Paul Walsh told journalists today (26 August) that the company might consider a share buy-back during the coming 12 months, should economic conditions not worsen.
What is clear, is that the company is keeping a very open mind indeed on how to "return value to shareholders" - and that is likely to fuel more speculation (like this) that the firm is on the acquisition trail.
Does Walsh have Moet Hennessy on speed dial? I hear Cognac is doing well in those emerging markets.
Some people in India believe alcohol should be more difficult to purchase. Last month, the state of Bihar halted all alcohol sales as its chief minister made good on an election promise. ...
Greetings from Zurich. Here as a guest of Heineken's Amstel brand, I'm due to sit down later today with the group's senior global director for international brands, Walter Drenth....
Drinks companies spend a lot of money on trying to predict trends. At last night's Worshipful Company of Distillers City debate, any strategists in the audience got a bit of forecasting for free....
I'll admit to being partial to an Aperol Spritz now and again, more usually in the summer months, sitting outside, shades on, slowly turning more golden/rusty....
- Industry is following the pack to patriotic party
- The category today - Scotch Whisky I
- Today's Market Trends - Scotch Whisky II
- Key Brands Performance - Scotch Whisky IV
- Tomorrow's Market Trends - Scotch Whisky III
- Brown-Forman shuffles director pack
- Diageo unveils first European Johnnie Walker House
- Spirits can fill music industry gap - Jagermeister
- Diageo's Smirnoff Red, White & Berry - NPD
- Wm Grant redesigns Glenfiddich 21yo Gran Reserva
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Soft Drinks Global Overview: Growth Opportunities Between Category Lines
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global travel retail insights - market forecasts, product innovation and consumer trends