Diageo full year profits lose fizz
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British drinks giant Diageo reported a small fall in annual headline profits before tax, which were crimped by the strength of sterling.
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The king of beer drops its full-year outlook by a penny.
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Ker-ching. An extra $2.14bn (Â£1.2bn) has landed in the coffers at Diageo, the global drinks giant whose brands include Guinness, Baileys, Johnnie Walker whisky, Gordon&#39;s gin and Smirnoff vodka.
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IRISH drinks firm C&amp;C today posted a six per cent rise in first-half profits. The owner of Bulmers cider in Ireland and Ballygowan mineral water said operating profit in the six months to August 31 rose 6.1
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Pepsi Bottling Group Inc  said on Tuesday that quarterly net profit fell, hurt by charges related to restructuring, the disposing of some vending machines and the absence of a year-ago gain.
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British drinks giant Diageo said that it planned to return 600 million pounds (863 million euros, 1.09 billion dollars) to investors through a share buy-back.
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Coca-Cola Co. is aiming to put the fizz back into its marketing as a key part of its turnaround strategy. Coke will boost its annual spending on marketing and developing new products by $350 million to $400 million beginning next year.
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LONDON : Drinks giant Diageo said it had raised 2.26 billion dollars (1.84 billion euros) from the sale of 49.9 million shares in US food company General Mills Inc.
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Lehman Brothers, the first of the big US investment banks to report results, says its profits have fallen.
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Cadbury Schweppes, the world's biggest maker of sweets and chocolate, said on Tuesday that net profits plunged by 65 percent last year when results were skewed by the 2006 sale of its Europe Beverages unit.
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BASEL, Switzerland  - Novartis AG fourth-quarter net profit fell 42 percent to $931 million, missing forecasts, hit by generic competition and a one-off restructuring charge, the Swiss drugmaker said on Thursday.
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Cadbury Schweppes, the world&#39;s biggest confectioner, today forecast disappointing annual profits after a wet summer dampened drink sales in Europe.
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Diageo Plc, the world's biggest   alcoholic drinks group, reported a 10 percent rise in annual   earnings, but its shares fell on dashed hopes the group might   raise its targets and the effects of a weaker dollar.
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EVP loses his E BEA Systems will restate almost a decade's worth of earnings to the tune of nearly $400m thanks to misallocation of stock to employees.â¦
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Shares of Motley Fool Hidden Gems selection Fresh Del Monte Produce (NYSE: FDP) are down 6% to $25 after the company cut its full-year 2004 earnings forecast by almost 20%.
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The company turned in a wider Q1 loss but is still on track for a profitable year.
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Brewing giant Fosterâs today said that higher annual profits from sales of beer overseas had been eroded by a sharp drop in US wine trade.