Financials & Economy
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Diageo reports strong half-year financials with 18.4% rise in net sales and growth across all regions
UK – Diageo, the brand owner of Johnnie Walker, Guinness, Tanqueray, and Smirnoff, has posted a bullish half-year performance with a rise in net sales…
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Diageo’s 14.97% stake increase in EABL approved amid flat growth in half-year earnings by the subsidiary
KENYA – Diageo, the multinational alcoholic beverage company headquartered in the UK, through its wholly owned subsidiary Diageo Kenya Limited, has received regulatory approval to…
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South African FMCG company Avi Limited reports 7.2% half-year revenue rise boosted by price increase
SOUTH AFRICA – AVI Ltd, a Johannesburg-based FMCG company, has posted a 7.2% rise in revenue for the six months ended 31 December 2022 on…
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United Spirits’ Board approves sale of all equity shares in Sovereign Distilleries, Q3 profits dip by 64.4%
INDIA – The board of directors of United Spirits Limited (USL), a subsidiary of British multinational alcoholic beverage company, Diageo, has approved the sale of…
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Hindustan Unilever raises royalties to UK parent company, CEO defends moves as strategic
INDIA – Hindustan Unilever, the Indian subsidiary of UK-based consumer goods company Unilever, has raised royalty payments to its parent company in appreciation for the…