Diageo may be bitter for short-term buyers

Article Abstract:

The world's largest spirits company Diageo PLC's strategy for growth is not likely to garner profits in the short-term. A recen t increase in prices for several of its products in the U.S. resulted in a fall in volume, but is expected to pay off in the long run. Also i n its critical U.S. market, Diageo has introduced flavoured versions of its Smirnoff vodka brand a nd revamped its distribution system.

Comment:

The world's largest spirits company Diageo PLC's strategy for growth is not likely to garner profits in the short-term. A recen t increase in prices for several of its products in the U.S. resulted in a fall in volume, but is expected to pay off in the long run.

United States, Canada, Forecasts, trends, outlooks, Financial management, Management dynamics, Goods & services distribution, Securities issued, listed, Alliances, partnerships, Distilled and blended liquors, Channels of Distribution, Beer, Wine & Liquor, Whsle, Beer, Wine, and Distilled Alcoholic Beverage Wholesalers, Management, Foreign operations, Finance, Company acquisition/merger, Alcoholic beverage industry, Securities, Company business management, Diageo PLC, Seagram Company Ltd., VO, Company securities, Company financing, Company business forecast/projection, Company forecasts, Distribution agreements

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De Beers holders approve Oppenheimer-led buyout

Article Abstract:

The Oppenheimer family of South Africa and Anglo American PLC will acquire De Beers Group in a $18.7 billion (21.3 billion euros) deal. The deal was approved by De Beers' shareholders.

South Africa, Mining & Extractive Industries, Mining, Mining industry, De Beers Consolidated Mines Ltd., Anglo American PLC

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ThyssenKrupp reaches deal for unit of Magneti Marelli

Article Abstract:

ThyssenKrupp AG has reached an agreement to acquire Fiat SpA's Magneti Marelli SpA. ThysssenKrupp will acquire the suspensions unit for up to 550 million euros.

Italy, Motor vehicles and car bodies, Engine electrical equipment, Germany, Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Blast Furnace and Basic Steel Products, Auto Electrical Equipment, Motor Vehicle Electrical and Electronic Equipment Manufacturing, Automobile equipment and supplies industry, Automotive parts industry, Automobile industry, Automotive electric equipment, Steel industry, Fiat S.p.A., ThyssenKrupp AG, Magneti Marelli S.p.A.

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