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4 reasons why I think the Diageo share price could rise


4 reasons why I think the Diageo share price could rise
More on:
There’s some momentum behind the
Diageo(LSE: DGE) share price. As I write, the stock is up over 8% in the past month and more than 18% in the last year. Of course, there is no guarantee this will continue. But I think the stock could rise further. And here are four reasons why I’d buy.
#1 – Diversified portfolio
Don’t put all of your eggs in one basket. I think this is a great piece of advice when its comes to investing. The same applies to firms such as Diageo. ....

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Diageo buys RTD vodka cocktail brand Loyal 9


Dive Brief:
Diageo has acquired vodka-based ready-to-drink cocktail brand Loyal 9 from Sons of Liberty Spirits Co., according to a press release. The financial terms of the deal were not disclosed.
The flavored cocktails are 9% ABV, gluten free, and made with 100% real fruit. Flavors include four lemonade varieties, Cranberry Lime and Apple Cider. 
According to data cited by Diageo, retail sales of RTD beverages totaled $7.8 billion in 2019, and grew 20% between 2016 and 2019,
making it the fastest-growing alcohol category. The beverage company recently announced an $80 million investment to ramp up production of of its RTD offers, including Smirnoff hard seltzers and cocktails from Crown Royal and Ketel One Botanicals. ....

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2021 sees spate of new drinks industry acquisitions


2021 sees spate of new drinks industry acquisitions
15 March 2021
By db staff
Another day, another deal. Since Christmas the big drinks companies have been adding to their portfolios and reshaping their businesses at a hectic pace.
An onlooker would easily conclude that the industry believes it is heading for a new period of substantial growth, with none of the major participants wanting to miss out.
First off the mark in early January was Constellation Brands. The US$810m sale (with possible add ons) of its sub $11 commodity wines portfolio to Gallo had been long negotiated and needed revising several times to meet US Federal trade concerns, but immediately the ink was on the contract, Constellation reinforced its balance sheet through early redemption of $500m debts. ....

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