Diageo Expects Organic Sales To Grow At Least 16% In H1’22, 6% Market Share By 2030

Grab's ride-hailing services disrupted in some Southeast Asian countries

  • Southeast Asia's Grab said it was experiencing a disruption to its services on Tuesday.
  • Customers and drivers in Singapore, Indonesia and Malaysia complained that they were having trouble using the app's ride-hailing functions.

Southeast Asia's Grab on Tuesday said it was experiencing a disruption to its services, with customers and drivers in Singapore, Indonesia and Malaysia complaining that they were having trouble using the app's ride-hailing functions.

"Some of our services are not accessible at the moment," Grab posted on its Facebook page.

"We are looking into this and we will update when the app is back up and running." Grab operates Southeast Asia's most popular "super app", which provide ride-hailing, food and grocery delivery and payments in over 400 locations in eight countries.

"We are experiencing some technical difficulties with the app and our engineers are working to recover the issue," Grab said.

Hong Kong police evacuate 32 people from court, deploy explosive experts

HONG KONG (Reuters) – Hong Kong police evacuated 32 people from the city’s West Kowloon Court and deployed explosive disposal experts, they said on Tuesday.

Police said they were responding to reports from court staff but gave no further details.

Bouygues 9-month Profit Surges On Strong Sales; Confirms FY21, FY22 Outlook

Bouygues SA (BOUYY.PK), a French telecommunications, media, and construction company, reported Tuesday that its nine-month net profit attributable to the Group was 807 million euros, significantly higher than last year’s 283 million euros.

Net profit was lower than the 848 million euros recorded in the pre-pandemic 2019.

Current operating profit was 1.14 billion euros for the latest quarter, up from 681 million euros a year ago.

Sales grew 10 percent to 27.52 billion euros from prior year’s 24.95 billion euros. Sales grew 9 percent on a like-for-like basis and at constant exchange rates.

Looking ahead, the company reiterated its outlook. In 2021, sales and current operating profit are expected to be very close to the level of 2019. The current operating margin should return to its pre-crisis level.

In 2022, current operating profit is expected to continue to grow and exceed the level of 2019.

Pre-market Movers: DVD, NAKD, ATER, SDC, VINO…

The following are some of the stocks making big moves in Tuesday’s pre-market trading (as of 05.15 A.M. ET).

In the Green

Dover Motorsports, Inc. (DVD) is up over 58% at $3.61
Naked Brand Group Limited (NAKD) is up over 36% at $0.97
Aterian, Inc. (ATER) is up over 23% at $7.70
Roblox Corporation (RBLX) is up over 20% at $92.79
CarLotz, Inc. (LOTZ) is up over 11% at $4.36
Powerbridge Technologies Co., Ltd. (PBTS) is up over 10% at $1.43
HIVE Blockchain Technologies Ltd. (HIVE) is up over 8% at $5.28

In the Red

SmileDirectClub, Inc. (SDC) is down over 21% at $4.12
Gaucho Group Holdings, Inc. (VINO) is down over 21% at $3.57
Pioneer Power Solutions, Inc. (PPSI) is down over 20% at $8.31
Arrival (ARVL) is down over 19% at $14.27
3D Systems Corporation (DDD) is down over 8% at $31.00
Polar Power, Inc. (POLA) is down over 8% at $6.39

Land Securities Group Posts HY Profit

Land Securities Group Plc. (LAND.L) reported that its profit attributable to shareholders for the six months ended 30 September 2021 was 275 million pounds or 37.1 pence per share, compared to a loss of 835 million pounds or 112.8 pence per share in the same period of the prior year, due to an increase in the value of assets as well as a 65 million pounds increase in EPRA earnings.

EPRA earnings increased by 65 million pounds to 180 million pounds for the six months ended 30 September 2021.

Revenue for the period declined to 315 million pounds from 327 million pounds in the previous year.

The company said it will pay a higher second quarterly dividend of 8.5 pence per share on 4 January 2022 to shareholders registered at the close of business on 26 November 2021.

Land Securities Group announced the creation of a new 135 million pounds net zero transition investment plan to help the Group achieve its 2030 science-based targets and drive its transition to net zero.

Premier Foods H1 Adj. Pretax Profit Declines; Revenue Down 6.5% – Quick Facts

Premier Foods plc (PFD.L) said its first half adjusted profit before tax decreased by 2.9% from a year ago, reflecting lower trading profit. The Group delivered trading profit of 57.8 million pounds, down 12.2%. Group revenue decreased 6.5%, which was ahead of guidance, the Group said. Branded revenue was 6.1% lower while non-branded revenue declined 9.4%. Looking forward, Premier Foods said the Group remains firmly on track to deliver on its profit expectations for the full year.

For the 26 weeks ended 2 October 2021, adjusted profit before tax declined to 46.4 million pounds from 47.7 million pounds, last year. Adjusted earnings per share were 3.8% lower at to 4.4 pence.

Profit before tax declined to 30.7 million pounds from 50.5 million pounds, last year. Earnings per share was 2.4 pence compared to 5.0 pence. Revenue declined to 394.1 million pounds from 421.5 million pounds.

The Group reiterated its intention to pay a dividend on a full year basis.

Diageo Expects Organic Sales To Grow At Least 16% In H1’22, 6% Market Share By 2030

Diageo plc, (DEO), producer and seller of alcoholic beverages worldwide on Tuesday issued new medium-term (fiscal 23 to fiscal 25) organic growth guidance of 5 percent to 7 percent in net sales and 6 percent to 9 percent in operating profit.

The London-headquartered company also announced the introduction of an ambitious plan to increase the total beverage alcohol (TBA) market share by 50 percent, from 4 percent currently to 6 percent by 2030.

The company, with its collection of brands including Johnnie Walker, Crown Royal, JeB, Buchanan’s and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness expects strong organic net sales growth of at least 16 percent in the first half of fiscal 22 and organic operating profit growth ahead of organic net sales growth.

The company is confident that its ten-year sustainability action plan ‘Society 2030: Spirit of Progress’ would build on the strong track record of doing business the right way.

Shares of Diageo closed Monday’s trading at $205.05, up $0.21 or 0.10 percent from previous close.