Between now and 28th July you can win a week at the Greek Hovel paying just a cleaning and pool fee – by explaining in 300-1000 words why if you had to bet everything on one share on a three year view what that share would be. To see how to enter go HERE and PLEASE KEEP SENDING IN ENTRIES. Seventh up is Ed from Islington
You all probably know a lot more about Johnnie Walker, Guinness, Tanqueray, Baileys, Smirnoff, Captain Morgan, Crown Royal and Don Julio drinking realities than me. As a boring teetotal analyst for the last thirty years, I have no idea if they taste nice, make you feel good and the like, but I can see what is popular and respected via the boring old world of supply, demand and pricing power. And on all those fronts, I can fully understand why the company is still seeing its business “momentum continuing in four of our five regions”. What surprises me a little is the chat this morning that, “due to a weaker performance outlook in Latin America and Caribbean”, the company has had to issue a dodgy trading update.
You may have read that from today “tax jumps on wine and spirits but falls on fizz”. I am sure fizz drinkers will be excited on this news, whilst those preferring wine and spirits may have a different opinion. As the world’s most boring person, who had his last alcoholic drink before the age of eighteen, I really should not be particularly fussed by the news today. However, what intrigued me about the story was whether there was going to be an impact on Diageo (DGE) or not?
