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The Latest Breaking News from Dave Lewis

Drinks giant Diageo unveils $1bn in cost cuts to tackle slowing growth

The world's largest spirits maker has scrapped its medium-term growth target as new CEO Dave Lewis moves to reset performance after years of stagnant sales.

Euronews

FTSE 100 closes down despite strong results from WPP and Diageo

The S&P Global UK construction purchasing managers’ index rose to 44.7 in July from 38.4 in June.

Evening Standard

Diageo boss launches £743m cost-cutting plan to deliver turnaround

It came as the drinks giant, which also makes Gordon’s gin and Baileys, revealed weaker sales and profits for the past year.

Evening Standard

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DEO Stock Layoffs: What to Know About the Latest Diageo Job Cuts

Diageo inches higher on reports of new job cuts affecting as much as 30% of the workforce. Here’s what these layoffs really mean for DEO stock.

Barchart

Diageo sales grow unexpectedly as Guinness boom helps offset US weakness

Shares in the company lifted higher on Wednesday morning as a result.

Evening Standard

Drastic Dave goes vague at Diageo

There is no point in offering hostages to fortune, but the lack of detail suggests turning around drinks group could be a long job

The Guardian - UK

Diageo slashes dividend and vows to address Guinness shortage in London

Drinks maker reduces sales and profit forecast for second time in four months amid weak demand in US and China

The Guardian - UK

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Diageo cuts outlook and slashes dividend as new boss takes the reins

Former Tesco chief executive Sir Dave Lewis, who took the helm in January, said there was ‘significant work ahead’ in turning Diageo around.

Evening Standard

FTSE 100 climbs on strong retail sales data

It comes as the US Supreme Court ruled that President Donald Trump exceeded his authority in imposing a swathe of tariffs that upended global trade.

Evening Standard

Sir Dave Lewis to shed light on plans to turn around Guinness maker Diageo

He will unveil the group’s half-year results on Wednesday in his first update since being appointed as chief executive in January.

Evening Standard

Guinness and Johnnie Walker owner Diageo ‘could sell Chinese assets’

Reported move would be part of new CEO Dave Lewis’s streamlining of world’s largest spirits maker

The Guardian - UK

FTSE 100 at new high amid US shutdown optimism

The FTSE 100 Index closed up 1.1% at 9,787.15.

Evening Standard

Can ex-Tesco boss Drastic Dave refresh the fortunes of drinks giant Diageo?

City heavyweight has cheered the markets by taking helm at Guinness owner, but there may be forces he cannot overcome

The Guardian - UK

Markets surge amid hopes of end to US government shutdown

Markets began the week in buoyant mood following news of a possible end to the longest US government shutdown in history.

Euronews

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The Independent UK

Drinks giant hires former Tesco boss amid difficult trading

IN FULL

The Guardian - UK

Troubled drinks giant Diageo names former Tesco boss to lead turnaround push

Appointment of Sir Dave Lewis as CEO represents significant coup for struggling FTSE 100 firm

The Independent UK

Business news live: Brits expected to spend up to £9.5bn across Black Friday to Cyber Monday sales

Stock market news plus latest business and personal finance updates from Monday

Evening Standard

Guinness maker Diageo hires former Tesco boss for top job

Sir Dave Lewis will take the helm at Diageo on January 1, replacing interim chief executive Nik Jhangiani.

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The Independent UK

Struggling drinks giant Diageo snaps up former Tesco boss for top role

Sir Dave Lewis will take the helm at Diageo on January 1

Evening Standard

FTSE 100 Live 10 November: Diageo surges on CEO hire, index lifted by US optimism

Diageo shares today surged after the drinks giant named former Tesco boss Dave Lewis as its new chief executive.

The Guardian - UK

Former Tesco boss wants to send power from Morocco to Great Britain using subsea cable

Dave Lewis says the near-constant stream of clean electricity could supply the grid as early as 2030

MusicRadar

“The first time we played together it was stunning!”: The words of John Bonham in the forthcoming Led Zeppelin documentary

Becoming Led Zeppelin is due in May 2025

The Times of India

Essex fined 100,000 pounds over racism between 2001 and 2010

NEW DELHI: The England Cricket Regulator has imposed a fine of 100,000 pounds ($132,190) on Essex County Cricket Club after the club admitted to failing to address systemic racism and discrimination between 2001 and 2010.

Louder

Career-spanning Andwella vinyl box set to be released

Northern Ireland psych outfit Andwella's three-disc To Dream to be released in March

Evening Standard

Tesco boss takes home £4.4 million — pays tax in Ireland

TESCO boss Ken Murphy took home pay of £4.44 million this year, an amount likely to cause anger amidst a cost-of-living crisis and with food inflation running at more than 15%.

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