IAN SHACKLETON | NOMURA
We believe growth of five per cent in 2011 is achievable, and could accelerate in 2012. This combined with a more aggressive attitude to building in emerging markets and in M&A continues to make Diageo shares look attractive. There was further improvement in price/mix in markets.
KEITH BOWMAN | HARGREAVES LANSDOWN
Diageo continues to reflect trends in the global economy, with a focus on brand strength doing its part to appeal to the increasing ranks of the middle classes across the developing economies. As such, market consensus opinion currently denotes a ‘buy’.
MARTIN DEBOO | INVESTEC
The information regarding performance in the UK would suggest that Diageo is trading off a loss of volume against improved prices. In the longer term that might prejudice a company’s share against its competitors in the market.