Drinks group Diageo posts rising first-half profits
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Diageo, the world's biggest maker of alcoholic drinks, said on Thursday that net profit advanced 8.9 percent in the first half of the group's financial year, boosted by performance abroad.
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London - British drinks giant Diageo on Tuesday said it had raised $2.26 billion (R15 billion) from the sale of 49.9 million shares in US food company General Mills.
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Molson Coors Brewing Co.   said on Thursday that quarterly net income rose, helped by higher pricing and volume growth.
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Swiss food group Nestle reported first-half net profit rose by 2.1 percent to 2.838 billion Swiss francs (1.85 billion euros, 2.28 billion dollars) from a year ago, below market expectations, but predicted improvement in the second half.
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Swatch Group AG said Tuesday that its first-half net profit rose 17 percent as a result of strong demand for the company's luxury products.
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French drink empire Pernod Ricard announced on Thursday that its net profits rose by 18.0 percent over the past six months, thanks to a boost from its top global brands.
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Tabcorp Holdings Ltd.&#39;s second-half net profit rose 28 percent on increased betting on horse races and slot machines, and after extracting more savings from last year&#39;s A$1.
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Re-insurance group Swiss Re reported a 16 percent rise in first-half profit to 1.6 billion Swiss francs (1.0 billion euros, 1.3 billion dollars).
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PepsiCo Inc. PEP.N on Thursday said   quarterly profit rose a better-than-expected 14 percent,   boosted by noncarbonated beverages including Gatorade sports   drinks and Aquafina water and strong growth in international   markets such as Russia and China.
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Dutch brewing giant Heineken reported a 25-percent increase in net profit in the first half of the year, driven by success of its Heineken beer brand.
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Starbucks Corp.  said on Wednesday first quarter earnings rose 18 percent, meeting analysts' estimates, as it opened more than 8 stores a day and attracted customers with lunch offerings and gift cards.
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Confectionery and soft drinks giant Cadbury Schweppes has said that net profit jumped 50 percent in 2006 to 1.165 billion pounds following the sale of its Europe Beverages business.
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Starbucks said that first-quarter profit rose 18 percent as consumers spent more for holiday drinks like peppermint mocha.
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United Utilities, the water and electricity distributor, raised first-half pre-tax profit by 13 per cent to Â£188m following growth across all its operations.
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Diageo Plc, the world's biggest  alcoholic drinks group, reported a 10 percent rise in  underlying earnings on Thursday but its shares fell on dashed  hopes that the group might raise current year targets.
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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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French food giant Groupe Danone has said that 2006 operating profits rose 10.1 percent to 1.914 billion euros (2.50 billion dollars), on sales that rose 8.1 percent to 14.073 billion euros.