Weekly Outlook: Diageo and AstraZeneca results
Key events for wealth managers in the week beginning 3 February
Diageo
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Finsbury holds faith in Diageo and Fever-Tree despite drops
Adds two new positions in Clarkson and Intertek
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Nick Train lists Diageo and Burberry as biggest disappointments in 2023
Finsbury Growth and Income underperformed for the third year running
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Nick Train backs Diageo despite ‘galling’ profit warning as shares slide 11%
The manager has been adding to Diageo, despite the company encountering problems with its operations in Latin America
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Nick Train on Diageo’s mission to take tequila around the world
Finsbury Growth & Income manager said the holding’s ‘blue-sky’ goals are achievable despite recent share price slump
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Nick Train banks on luxury holdings benefitting from UK’s roaring 20s boom
Period of hyper-consumption would be driven by ‘extraordinary trend of wealth creation by new industries’ rather than Covid re-opening trade
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Nick Train ‘cheered’ by Diageo deal to buy movie star’s craft gin company
Finsbury Growth & Income manager highlights deals from Diageo and Relx in August factsheet
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Nick Train fascinated by coronavirus alcohol consumption trends
Finsbury Growth and Income investment trust manager has been adding to Heineken
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Nick Train dismisses coronavirus panic and stocks up on Burberry and Diageo
‘We have been rewarded during previous unsettling episodes by treating them as buying opportunities’
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Hargreaves investor Nick Train: I like young and tiny companies
Star manager also hits out at UK dividend culture
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Sanlam: Go global but ignore the value trade
Investors shouldn’t limit themselves to the UK or Europe but should avoid the lure of the value trade, said Sanlam Private Investments Pieter Fourie.
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Nick Train still backing Diageo
Despite adverse results hitting Diageo’s third quarter results, Nick Train is confident that shares will race ahead as soon as news turns positive again.