Shares in focus: Diageo looks frothy

The shares are doing well, but can that continue? Phil Oakley investigates.

The shares are doing well, but profits may be drying up, says Phil Oakley.

Arthur Guinness paved the way for today's Diageo when he opened a brewery in Dublin in 1759. Over 200 years later, the merger of Guinness and Grand Metropolitan in 1997 to form Diageo was meant to create a drinks giant that would do great things for its shareholders.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.