Skip to content

Three Quick Facts: Diageo, Playtech and Dignity

Three Quick Facts: Diageo, Playtech and Dignity

Three things you need to know in the financial markets this morning from investment writer, Tony Cross

Diageo

Monday’s usual slim pickings, but Diageo has issued a statement announcing that it is to dispose of some 19 brands to Sazerac, in a move which will return £340 million to shareholders after taxes and transaction costs have been taken into account. This will be completed by way of share buybacks although it appears that the brands involved – names like Popov or Black Haus – won’t be all that familiar to UK-based imbibers.

Playtech

There’s a trading update out from Playtech, the world’s largest supplier of online gaming and sports betting software, this morning. Performance remains consistent and the company believes it’s on target to meet previous guidance for the full year. The update is relatively light on detail, although one weakness is flagged in the financial division where market movements favoured customers, particularly in September and October.

Dignity

There’s a Q3 update from funeral services provider Dignity out this morning. The company has delivered a few market shocks of late, with the proposed impact of pricing changes initially failing to impress investors. However a little more clarity has emerged in this set of numbers and the revenue impact from the price changes doesn’t seem to be as marked as the company first predicted.

Share this article

Invest with these platforms

Hargreaves Lansdown

IG

Interactive Brokers

Interactive Investor

Charles Stanley

IG

Interactive Brokers

Charles Stanley

Looking for great investing ideas? Get our free newsletter.
Join our UK news channel on WhatsApp

This article does not constitute investment advice.  Do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
Schroders

TMX
WisdomTree
ARK
FxPro
CMC Markets
Back To Top