Diageo's Kenya Stake Sale Unlikely to Be Last Balance-Sheet Efforts -- Market Talk

Dow Jones12-17 17:49

0949 GMT - Diageo is likely to take further steps to remedy its balance sheet, but wider questions remain over its performance ahead, analysts at J.P. Morgan Cazenove say, after the booze company offloaded its majority stakes in two Kenyan businesses to Japan's Asahi. Those divestments will bring in around $2.3 billion, Diageo said. Also, with a new CEO due to take the helm at the beginning of the new year, the focus is likely to remain on the balance sheet, JPM Cazenove says. "[But] the wider questions (and rating driver) remain on re-accelerating the top line amid the continuing pressure on global spirits demand," the U.S. investment bank says. "Hence leaving us on the sidelines on Diageo at this juncture." London-listed shares in Diageo gain 1.7% to 17.11 pounds after news of the stake sales. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

December 17, 2025 04:49 ET (09:49 GMT)

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Also, with a new CEO due to take the helm at the beginning of the new year, the focus is likely to remain on the balance sheet, <a href=\"https://laohu8.com/S/JPM\">JPM</a> Cazenove says. \"[But] the wider questions (and rating driver) remain on re-accelerating the top line amid the continuing pressure on global spirits demand,\" the U.S. investment bank says. \"Hence leaving us on the sidelines on Diageo at this juncture.\" London-listed shares in Diageo gain 1.7% to 17.11 pounds after news of the stake sales. (joshua.kirby@wsj.com; @joshualeokirby) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 17, 2025 04:49 ET (09:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Diageo's Kenya Stake Sale Unlikely to Be Last Balance-Sheet Efforts -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDiageo's Kenya Stake Sale Unlikely to Be Last Balance-Sheet Efforts -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-17 17:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0949 GMT - Diageo is likely to take further steps to remedy its balance sheet, but wider questions remain over its performance ahead, analysts at J.P. Morgan Cazenove say, after the booze company offloaded its majority stakes in two Kenyan businesses to Japan's Asahi. Those divestments will bring in around $2.3 billion, Diageo said. Also, with a new CEO due to take the helm at the beginning of the new year, the focus is likely to remain on the balance sheet, <a href=\"https://laohu8.com/S/JPM\">JPM</a> Cazenove says. \"[But] the wider questions (and rating driver) remain on re-accelerating the top line amid the continuing pressure on global spirits demand,\" the U.S. investment bank says. \"Hence leaving us on the sidelines on Diageo at this juncture.\" London-listed shares in Diageo gain 1.7% to 17.11 pounds after news of the stake sales. (joshua.kirby@wsj.com; @joshualeokirby) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 17, 2025 04:49 ET (09:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2592995135","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592995135","pubTimestamp":1765964940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0949 GMT - Diageo is likely to take further steps to remedy its balance sheet, but wider questions remain over its performance ahead, analysts at J.P. 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Also, with a new CEO due to take the helm at the beginning of the new year, the focus is likely to remain on the balance sheet, JPM Cazenove says. \"[But] the wider questions (and rating driver) remain on re-accelerating the top line amid the continuing pressure on global spirits demand,\" the U.S. investment bank says. \"Hence leaving us on the sidelines on Diageo at this juncture.\" London-listed shares in Diageo gain 1.7% to 17.11 pounds after news of the stake sales. 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