Blog: Olly WehringDiageo's echo quotes

Olly Wehring | 5 May 2015

When it comes to market speculation, a company holds the prerogative to comment or not. Most times it is the latter, but we journalists are always grateful for any quote that we can get.

Even if it's the same one as last time.

Consider these two responses, both from the same company, three months apart.

We are sure there are many people who would love to own Gleneagles and have received numerous expressions of interest over the years. As you would expect we have a duty to consider such interest carefully.

"We are sure there are many people who would love to own our wine business and we have received expressions of interest over the years. As you would expect, we have a duty to consider any such interest carefully."

I've got a feeling that this is Diageo's new “No comment”.

Sectors: Beer & cider, Soft drinks, Spirits, Water, Wine

Companies: Diageo

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