From hogsheads to hogwash
Article Abstract:
There are a number of investment schemes promising good returns from buying large amounts of whiskey. This type of scheme is being investigated by the United Kingdom Department of Trade and Industry (DTI) and some six companies have already been closed down. Investors may have to pay high prices for the whiskey, and returns are likely to be less than promised. The returns are better for people wanting to consumer the whiskey, who would otherwise pay higher prices. Wholesalers would pay less for buying large amounts of whiskey, so the returns would drop.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Four cheers for Diageo
Article Abstract:
Diageo has seen a rise in its stock price since the merger of Grand Metropolitan and Guinness, and the rise has been more than for the market as a whole. Analysts favor the company's stocks due to a possibility of stock buybacks and Diageo's dominant position in the world liquor market. Four brokers from a sample of six rate the company's stocks a buy, and they are Credit Suisse First Boston, Dresdner Kleinwort Benson, Goldman Sachs, and Morgan Stanley Dean Witter. Charles Stanley rates the stocks a strong hold, and Williams de Broe rates them a hold.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Distillers shares soar as Famous Grouse is stalked
Article Abstract:
Highland Distillers has seen a rise in its stock price following the announcement of a possible bid. The company has not disclosed who the potential bidder could be, but Edrington Group is seen as a possibility. Edrington owns Robertson and Baxter, which in turn holds a stake in Highland Distillers. Meanwhile, Highland has made a joint distribution agreement with Jim Beam Brands Worldwide and Remy Cointreau. A hostile bid for Highland would be difficult since the company has a complex structure of ownership.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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