United Spirits Limited

Type: Company
Name: United Spirits Limited
First reported 52 mins ago - Updated 52 mins ago - 6 reports

Week in Review, April 19

Citi beats estimates; Tesco chief in turnround vow; Diageo in United Spirits offer; Google buys Titan Aerospace; and Imperial Tobacco closes UK factory ... [Published FT.com - Companies - 52 mins ago]
First reported 1 hour ago - Updated 1 hour ago - 1 reports

Diageo posts double-digit growth in India sales

British liquor maker Diageo Plc said on Friday that it has reported double-digit growth in India during the third quarter ended March 31, in the face of a negative trend in sales globally.The company, which is bidding for an additional 28 per cent stake ... [Published Deccan Herald - 1 hour ago]
First reported 8 hours ago - Updated 8 hours ago - 1 reports

Nifty, Sensex will keep making attempts to hit a new high

While Nifty will likely hit a new high, caution is warrantedThe BSE 30-share Sensex closed the week that ended on 18th April, at 22,628.84 (down 0.12 points), while the NSE’s 50-share Nifty closed at 6,779.40 (up 3 points or 0.05%) for the week. Last ... [Published Money Life - 8 hours ago]
First reported Apr 17 2014 - Updated 12 hours ago - 8 reports

Diageo's emerging markets party is starting to wind down

Diageo, like many other consumer companies, has been caught off guard by the severity of the slowdown in China Timing, they say, is everything. When Paul Walsh last year announced his decision to vacate Diageo's chief executive’s office after 13 heady ... [Published Telegraph - Apr 17 2014]
First reported 20 hours ago - Updated 20 hours ago - 1 reports

Newsmaker: Ivan Menezes

Ivan Menezes After nearly six years of trying to build a strong market for Diageo in India, Ivan Menezes is perhaps now making his biggest bet on the country's drinkers. On Wednesday, the chief executive of the UK-based liquor giant unveiled an almost ... [Published Sify - 20 hours ago]
First reported Apr 16 2014 - Updated Apr 17 2014 - 4 reports

Diageo doubles drinks firm bid

Diageo is seeking to take advantage of India’s fast-growing marketDIAGEO on Tuesday (April 15) launched a new $1.9-billion (£1.1bn) offer to take control of Indian whisky maker United Spirits as the British drinks giant looks to expand in emerging ma ... [Published Asian Times Online UK - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 17 2014 - 2 reports

Sensex soars over 300 points as bulls turn aggressive

Though Asian markets ended on a mixed note and European markets are somewhat subdued, the mood is quite bullish on the Indian bourses ahead of a long weekend.The Sensex, which rose to 22,609.28, is up 304.70 points or 1.37% at 22,581.93. The Nifty is ... [Published Sify - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 17 2014 - 17 reports

Slaughters drinks to Diageo’s £1.1bn stake in United Spirits

Slaughter and May has landed the advisory mandate as British drinks giant Diageo prepares to up its stake in India's United Spirits by a further 26%, in a deal worth £1.13bn.Slaughters corporate and commercial partner Simon Nicholls is leading the team ... [Published Legal Week - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 2 reports

The mysterious Prof M

Professor Shivanand Shankar Mankekar, in his mid-50s, is a slightly bald man who lives near Matunga station here. The description could be true of many in this metropolis. However, Mankekar is no ordinary academician: His stake in United Spirits is worth ... [Published Business Standard India - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 2 reports

Exit United Spirits at around Rs 3000: Rajen Shah

R"A lot of fast moving consumer goods (FMCG) companies are trading at 4-5 times the sales but at 3.5 times, it is a fairly priced stock because internationally, Diageo is trading at about almost four times. This year they should report about 12 billion ... [Published Moneycontrol.com - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Buy United Spirits for short term: Deven Choksey

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his views on United Spirits.ET Now: Do you think United Spirits as a stock has a long way to go? Even though Diageo has given a very charitable open offer price of 3000 plus, do you ... [Published Economic Times - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 6 reports

Top India Stories From WSJ: Diageo Makes $1.9 Billion For Control of United Spirits, Infosys Profit Jumps, Food Prices Drive Up Wholesale Inflation

Your daily round-up of the best of The Wall Street Journal’s India coverage: Diageo Makes $1.9 Billion Offer For Control of India's United Spirits :  Diageo PLC Tuesday made a $1.9 billion offer to take control of India's United Spirits Ltd., the latest ... [Published WSJ.com: India Real Time - Apr 16 2014]

Quotes

"This quarter's results reflect the weaker performance in Chinese white spirits in the three months ended December 31, 2013" the company said in a statement
...His plan is to take the Indian company up the value chain in the liquor market for better returns. "Our strategy for long-term value creation remains unchanged from the future. The consumer in India is trading up, and United Spirits has the brand portfolio to capitalise on this trend. In the medium term, we may have to increase marketing behind the premium brands, but I'm confident that we can deliver the right return from any upgrading" Menezes has been quoted as saying
"India provides 50 percent of whiskey sales in the world, and India is at a stage where it is very likely that tariffs on foreign imports will come down, which will completely open up the market. So if Diageo can really get in poll position, they are just going to be in a fantastic position for the next 10 or 20 years" Forsyth told CNBC in a TV interview
He, however, added, "Current trends will however impact top line growth this financial year, but strong management of our cost base means that we remain committed to the delivery of our margin expansion goals."

More Content

All (502) | News (489) | Reports (0) | Blogs (10) | Audio/Video (0) | Fact Sheets (3) | Press Releases (0)
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Week in Review, April 19 [Published FT.com - Companies - 52 mins ago]
Week in Review, April 19 [Published FT.com - Companies Asia-Pacific - 52 mins ago]
Week in Review, April 19 [Published FT.com - Companies US & Canada - 52 mins ago]
Week in Review, April 19 [Published FT.com - Companies UK - 52 mins ago]
Week in Review, April 19 [Published FT.com - Financials - 52 mins ago]
Week in Review, April 19 [Published FT.com - Retail & Consumer - 52 mins ago]
Diageo posts double-digit growth in India sales [Published Deccan Herald - 1 hour ago]
Nifty, Sensex will keep making attempts to hit ... [Published Money Life - 8 hours ago]
FTSE 100 weekly: Figures not as bad as feared a... [Published Proactive Investors.co.uk - 12 hours ago]
Emerging market fears as Diageo, Remy sales slide [Published Irish Examiner - 15 hours ago]
Newsmaker: Ivan Menezes [Published Sify - 20 hours ago]
Alcohol stocks slump as Chinese sales fall [Published MSN Money - 22 hours ago]
FIIs raise holding in cyclicals, lower stake in... [Published Financial Express - 23 hours ago]
Diageo's emerging markets party is starting to ... [Published Telegraph - Apr 17 2014]
Diageo posts double digit growth in India in Ma... [Published NDTV Profit - Apr 17 2014]
Diageo’s Sales Slip 1.3% On Emerging Market Woe... [Published Shanken News Daily - Apr 17 2014]
Fund to watch: Jupiter India [Published Interactive Investor - Apr 17 2014]
Sensex jumps 351 points, snaps 3-day losing streak [Published NDTV Profit - Apr 17 2014]
Diageo doubles drinks firm bid [Published Asian Times Online UK - Apr 17 2014]
Market eludes brief correction; Nifty rallies 1... [Published Business Standard India - Apr 17 2014]
Sensex, Nifty regain strength: Thursday closin... [Published Money Life - Apr 17 2014]
Diageo posts double digit growth in India in qt... [Published Business Standard India - Apr 17 2014]
Sensex jumps 351 points, snaps losing streak [Published Reuters India - Apr 17 2014]
How SREI made 200% returns off a Kingfisher loa... [Published Moneycontrol.com - Apr 17 2014]
Sensex snaps losing streak, spurts 352 points [Published Sify - Apr 17 2014]
Indian shares surge over 1.5 pct to snap 3-day ... [Published London South East - Apr 17 2014]
Why China's anti-corruption drive is hammering ... [Published Management Today Magazine - Apr 17 2014]
China corruption crackdown hits emerging market... [Published This Is Money - Apr 17 2014]
Alcohol firms drown sorrows as shares tumble [Published CNBC - Apr 17 2014]
Diageo plc Vs SABMiller plc: Which Has Better G... [Published Yahoo! UK and Ireland - Apr 17 2014]
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Blogs

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Will Diageo’s Second Attempt to Buy United Spir... [Published WSJ.com: India Real Time - Apr 16 2014]
Will U.K. liquor giant Diageo PLC have better luck with its a second attempt to buy a majority stake in India’s United Spirits Ltd.? ...
Frontrunning: April 16 [Published Zero Hedge - Apr 16 2014]
Ukraine Says Russia Exporting ‘Terror’ Amid Eastern Push ( BBG ) Civil War Threat in Ukraine ( Reuters ) China Shoe Plant Strike Disrupts Output at Nike, Adidas Supplier ( BBG ) Mt Gox to liquidate ( WSJ ) Ex-Co-Op Bank Chairman Charged With Cocaine Possession ...
Top India Stories From WSJ: Diageo Makes $1.9 B... [Published WSJ.com: India Real Time - Apr 16 2014]
Your daily round-up of the best of The Wall Street Journal’s India coverage: Diageo Makes $1.9 Billion Offer For Control of India's United Spirits :  Diageo PLC Tuesday made a $1.9 billion offer to take control of India's United Spirits Ltd., the latest ...
Diageo Makes a Play for Controlling Stake in Un... [Published TheStreet.com - YouTube - Apr 15 2014]
<a style="font-size: 15px; font-weight: bold;font-decoration: none;" href="http://www.youtube.com/watch?v=waxH_f242tc&feature=youtube_gdata"&gt;Diageo Makes a Play for Controlling Stake in United Spirits The world's largest spirits maker Diageo has ...
Diageo Makes New Bid for Controlling Stake in U... [Published DealBook - Apr 15 2014]
The world's largest distiller offered to pay about $1.89 billion for an additional 26 percent stake in United Spirits, after an unsuccessful bid to take a controlling stake in the Indian spirits maker last year. ...
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