Diageo PLC
Europe stocks slide 2%, extending losses after weaker-than-expected U.S. jobs report
The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Boris Roessler | Picture Alliance | Getty Images LONDON — European stocks extended losses on Friday amid a global downturn, as weak U.S. economic data sparked fears of a recession. The regional Stoxx 600 index shed as much as 2.3% […]
Read More
European markets close higher as euro zone inflation rises; tech stocks up 2.6% led by ASML
LONDON — European markets closed higher on Wednesday, maintaining positive momentum after euro zone inflation rose unexpectedly. The Stoxx 600 index preliminarily closed 0.79% higher, with technology stocks jumping 2.62%. Dutch chip firm ASML led the charge, rising as much as 10% before somewhat paring gains after a Reuters report suggested that the company could be exempted […]
Read More
Johnnie Walker-maker Diageo plunges 10% on full-year sales decline, but Guinness a bright spot
John Morrissey serves pints of Guinness at a traditional Irish pub in Dublin on May 21, 2024, in Dublin, Ireland. Nurphoto | Nurphoto | Getty Images Shares of spirits giant Diageo tumbled more than 10% on Tuesday morning, after the Johnnie Walker-maker posted its first sales decline since the start of the pandemic. Shares were […]
Read More
Athletic Brewing raises $50 million as non-alcoholic wave sweeps brewing
Company founder Bill Shufelt (left) and head brewer John Walker pause at the Athletic Brewing’s non-alcoholic brewery and production plant on March 20, 2019 in Stratford, Connecticut. Spencer Platt | Getty Images Leading non-alcoholic brewer Athletic Brewing Company announced Tuesday it’s raised an additional $50 million in equity financing in a round led by General […]
Read More
Daily marijuana use surpasses alcohol consumption, new study finds. Here’s what it means for the booze business
In this photo illustration, dried cannabis flowers are displayed on April 30, 2024 in San Anselmo, California. The U.S. Drug Enforcement Administration (DEA) announced plans to reclassify marijuana as a less dangerous drug and designate it a Schedule III controlled substance instead of a Schedule I drug where it is currently listed. Justin Sullivan | […]
Read More
Most people on weight loss drugs are spending less on restaurants and takeout, survey says
A food delivery messenger carries a take out bag outside aSweetgreen in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images A highly popular group of weight loss and diabetes drugs is decreasing some consumers’ appetites — and also how much they spend on food. Most people taking those medications, […]
Read More
Spirits sales beat out beer and wine for second straight year, despite little growth
Spirits on display at a bar in Cardiff, Wales, in the United Kingdom. Matthew Horwood | Getty Images News | Getty Images The spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little growth, according to new data released Wednesday. U.S. spirits […]
Read More
These are the stocks that will benefit — and lose out — from the wellness trend, Morgan Stanley says
Weight loss drugs have been in the spotlight. But they’re just one aspect of a growing focus on health — on the part of both consumers and governments. The Covid-19 pandemic was a big factor behind the rising focus on weight and its implications for health, Morgan Stanley noted. “Thus health (or wellness) has become […]
Read More
BofA reveals the worldwide stocks that tend to outperform when the U.S. dollar rises
The U.S. dollar has been on a tear following the Federal Reserve’s apparent motivation to larger-for-for a longer time fascination rates. Whilst economies and stock markets around the world are probably to arrive underneath tension in this kind of a situation, a raft of European stocks could in fact achieve from the climbing U.S. greenback, […]
Read More
Celebrities are flooding the liquor market with premium brands — and many are catching on
Mark Wahlberg showcases his Flecha Azul Tequila at Palms Casino Resort in Las Vegas, June 15, 2023. Denise Truscello | Getty Images As more drinkers seek out luxury spirits, a growing number of celebrities are using their star power, and cash, to elevate premium liquor brands. Volume sales of spirits brands at the top end […]
Read More