Diageo (DGE)

Sector:

Beverages

Index:

FTSE 100

2,360.50p
   
  • Change Today:
    -7.00p
  • 52 Week High: 3,027.00
  • 52 Week Low: 2,306.00
  • Currency: UK Pounds
  • Shares Issued: 2,225.14m
  • Volume: 438,463
  • Market Cap: £52,524m
  • RiskGrade: 122
  • Beta: 1.10

China to impose anti-dumping measures on EU brandy, drink stocks slump

By Michele Maatouk

Date: Tuesday 08 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Shares of European drinks makers slumped on Tuesday after China said it would impose provisional anti-dumping tariffs on brandy imported from the European Union this week.

According to a notice from the Ministry of Commerce, Chinese customs officials will collect security deposits from companies that sell brandy that originates from the EU. The deposit amount will be between 30.6% to 39% of the total value.

Shares in Remy Cointreau, Pernod Ricard and Diageo were all hit, down 8.6%, 4.3% and 1.8%, respectively, at 1020 BST.

Russ Mould, investment director at AJ Bell, said: "Anti-dumping is an import duty charged in addition to normal customs duty and can be levied when a foreign company sells an item significantly below their normal price.

"Importers of brandy coming to China from the EU will now have to put down security deposits of up to 39% of the import value, with it unclear as to when the deposits will be returned.

"That could push up the price of such products for drinkers, and potentially lead to reduced sales of EU-originated brandy if the consumer seeks cheaper alternatives."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Diageo Market Data

Currency UK Pounds
Share Price 2,360.50p
Change Today -7.00p
% Change -0.30 %
52 Week High 3,027.00
52 Week Low 2,306.00
Volume 438,463
Shares Issued 2,225.14m
Market Cap £52,524m
Beta 1.10
RiskGrade 122

Diageo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.19% below the market average30.19% below the market average30.19% below the market average30.19% below the market average30.19% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
45.68% below the market average45.68% below the market average45.68% below the market average45.68% below the market average45.68% below the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Income
11.92% above the market average11.92% above the market average11.92% above the market average11.92% above the market average11.92% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
80.37% below the market average80.37% below the market average80.37% below the market average80.37% below the market average80.37% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 8
Sell 3
Strong Sell 3
Total 24
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Diageo Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Aug-24 29-Feb-24
Paid 17-Oct-24 17-Apr-24
Amount 47.23p 32.05p

Trades for 03-Dec-2024

Time Volume / Share Price
12:17 37 @ 2,360.50p
12:17 47 @ 2,360.50p
12:16 234 @ 2,360.50p
12:16 16 @ 2,360.50p
12:16 10 @ 2,360.50p

Diageo Key Personnel

Chair Javier Ferrán
CEO Debra Crew
CFO Nik Jhangiani

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