Blog: Chris MercerDiageo 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.


BLOG

How a visit to the dentist helped Muthar Kent get ahead in business

Want to know how to make it to the top of the beverage business? According to Muhtar Kent, it's all about the networking....

BLOG

What's on offer in the UK off-trade?

A red sticker to a shopper is like a red rag to a bull. And as the masses charge at the deals, UK off licences and supermarkets are finding new and novel ways to entice the herd. ...

BLOG

Hennessy's time capsule is for the ages

To celebrate its 250th anniversary, Cognac brand Hennessy is trumpeting a virtual time capsule, making a parallel between it and a barrel of Cognac....

BLOG

Monster Beverage Corp backs the right horse

Rarely do sponsorship deals pay off so quickly. ...

just-drinks homepage



Forgot your password?