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The Latest Breaking News from Debra Crew

Diageo to nearly double Guinness production and cut jobs in turnaround plan

New CEO Dave Lewis lifts investors’ spirits by promising strategic overhaul worthy of his nickname ‘Drastic Dave’

The Guardian - UK

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

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

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Guinness Owner Diageo Ups Savings As US Tariffs Hit

Diageo, the maker of Guinness stout and Smirnoff Vodka, reported Tuesday a sharp drop in annual net profit and raised its cost-savings targets as US tariffs hit.

International Business Times

Guinness owner Diageo’s profits slump as it warns of $200m Trump tariff hit

British drinks firm, which is searching for new CEO, expands cost-cutting plan

The Guardian - UK

Guinness sales in focus as Diageo updates market after boss’s exit

Diageo is expected to reveal a drop in profits for the past year when it unveils its latest finances on Tuesday.

Evening Standard

Debra Crew couldn’t shift Diageo’s post-Covid hangover

The firm still has the potential to be great again, but her long-term vision felt too blurry

The Guardian - UK

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London stocks slip after reports that Trump will fire Federal Reserve boss

The FTSE 100 index closed down 11.77 points, 0.1%, at 8,926.55.

Evening Standard

Diageo CEO steps down after drink firm’s lacklustre performance

Debra Crew’s tenure marked by shock profits warning, adverse global consumer trends and investor disquiet

The Guardian - UK

Diageo’s boss Debra Crew steps down by ‘mutual agreement’ after two years

Ms Crew has stepped down as chief executive with ‘immediate effect’ and by ‘mutual agreement’ with the board, the London-listed company said.

Evening Standard

Guinness maker Diageo braces for a €133 million US tariff hit

The British multinational alcoholic beverage company also announced a $500 million savings plan.

Euronews

Johnnie Walker owner Diageo says Trump tariffs could hit profits by $150m

FTSE 100 group, which also owns Tanqueray and Smirnoff, is to cut costs – which could lead to job losses

The Guardian - UK

Tariffs threaten your grocery bill

New trade policies could push prices higher for everything from soda cans to seafood

Salon

Tariffs would be a drag, but Guinness boss still needs to find a brew for recovery

There’s no hiding from a 5% fall in operating profit at owner Diageo in the second half of 2024, Trump trade policy or not

The Guardian - UK

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The Independent UK

New Guinness factory to ease supply issues amid unprecedented demand

Guinness reportedly raided its security stocks in Ireland in order to help with the shortage

Evening Standard

Guinness increasing supplies after Christmas pub shortages

Diageo, which also owns Johnnie Walker whisky and Gordon’s gin, said Guinness sales have seen ‘extraordinary’ growth in recent months.

The Guardian - UK

How fortunes turned flat at Johnnie Walker and Guinness owner Diageo

With crucial results looming, investors fear 25 years of dividend growth may stall this week as drinks firm battles major headwinds

The Guardian - UK

Diageo rules out sale of Guinness brand amid stout speculation

Drinks company denies it also plans to dispose of 34% stake in champagne and cognac business Moët Hennessy

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The Guardian - UK

Guinness boom prompts owner Diageo to consider sale or spin-off

Stout, which has become fashionable with gen Z drinkers, likely to be valued at more than £8bn

The Guardian - UK

Diageo needs to raise shareholder spirits – and fast

After cruising at the top end of the 100 FTSE index, the company’s reputation has taken a turn for the worse

Fortune

Johnnie Walker maker Diageo sees first sales drop since the pandemic—but Guinness and ready-made cocktails save the day

Diageo’s CEO Debra Crew said that despite pockets of weakness, the “merit of our portfolio is that we really do have very broad options for the consumer.”

The Guardian - UK

Diageo hit by first post-Covid sales fall but Guinness soars in Great Britain

Drinks company says global sales of non-alcoholic version of its stout more than doubled, with beer up 18% overall

Evening Standard

More than £15 billion wiped from European drinks makers after Diageo profit warning

More than £15 billion was wiped from the market value of Europe’s biggest drinks makers today after Diageo warned of a sudden slump in demand for its spirits.

The Guardian - UK

Heathrow security guards to strike from 24 June, says Unite; UK house prices ‘in first annual fall since 2012’ – as it happened

Heathrow security guards announce strikes over summer, UK house prices record their first annual fall in over a decade

The National (Scotland)

Scotch whisky chief setback after surgery

SCOTCH whisky giant Diageo has appointed its incoming chief executive to the role ahead of schedule after current boss Sir Ivan Menezes suffered a…

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