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.
The Coca-Cola Co has had its fair share of critics this year, from health campaigners to investor David Winters, who this week called for CEO Muhtar Kent to be replaced....
The UK health lobby is always very vocal on alcohol at this time of year, predictably so, and this year is no different. ...
“Ah, yes, you've hit upon a very sensitive area,” says Thomas, my guide at the Carlsberg Brewery in Copenhagen last Friday....
Experimentation has long been a watchword in the Scotch whisky industry. It is what has given consumers the huge range of ageing options, from refill hogsheads to virgin oak to Sherry butts....
- Review of the Year 2014 - Part IV: Spirits
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Review of the Year 2014 - Part V: Wine
- just Five Years Ago - Belvedere Group's Bumpy Ride
- just the Ten - Editor's Viewpoints of 2014
- Belvédère to sell assets, streamline portfolio
- Campari to bag EUR19m with "non-core" assets sale
- Pernod agrees Caribe Cooler sale to Grupo Bepensa
- Pernod wins consent for Glenlivet upgrade
- Thailand pulls back from New Year alcohol ban