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The Latest Breaking News from Diageo

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

More than 170 jobs at risk at major whisky giant behind major Scottish distilleries

MORE than 170 jobs are at risk as a drinks giant behind a number of prominent Scottish whisky distilleries is reportedly set to axe staff ...

The National (Scotland)

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

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Andy Burnham's chief of staff in transparency row over Douglas Alexander meeting

Andy Burnham's incoming chief of staff has been linked to a lobbying row over a meeting with Douglas Alexander when he was Trade Minister

The National (Scotland)

Global liquor companies chase Indian state dues of $400 million

Alcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies supply to state-run depots, relying on government payments. New dues are paid early, but old debts pile up. This creates a risk of bad debts for the industry. The state government…

The Economic Times

'Nao' is the time: Why Diageo India is backing this Indian craft gin producer

Anand Virmani, Co-Founder & Master Distiller, Goa-based Nao Spirits & Beverages, explains how they marketed India’s first craft gin, Greater Than, despite the varied constraints in scaling up the spirit category.

The Economic Times

Stocks soar and oil sinks on fresh peace deal hope

The FTSE 100 closed up 219.55 points at 10,438.66.

Evening Standard

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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

Price of a pint crosses £10 in London for the first time

It comes months after Guinness prices were predicted to rise by 5.2 per cent

The Independent UK

Pepsi withdraws from Wireless Festival sponsorship after Kanye West backlash

Pepsi and Diageo have withdrawn sponsorship of the Wireless Festival following backlash over Kanye West's headline act. Critics cite his past antisemitic remarks, prompting calls from politicians to bar his UK entry. The controversy highlights debates on accountability and platforming in cultural events, with West's performance now uncertain.

The Times of India

Sponsors Flee After Kanye Booking—PepsiCo, Diageo, and PayPal Pull Out Before Festival Cancelled

Kanye West UK ban triggers Wireless Festival cancellation after sponsors pull out, leaving fans facing losses and raising questions over celebrity controversy and event risks.

International Business Times UK

Is Kanye West Banned From Performing in UK? Boss's Defiant Defence as Five Major Sponsors Pull Out

Kanye West will keep his headline slot at London's Wireless Festival despite backlash and sponsor withdrawals, with Festival Republic defending the decision.

International Business Times UK

Kanye West Breaks Silence On Wireless Festival Fallout As David Schwimmer Slams Rapper And Sponsors Pull Out

Kanye West’s show of remorse came after politicians and stars like David Schwimmer slammed the UK festival’s organizers for choosing him to headline.

Bored Panda

Government considering whether Kanye West should enter UK after antisemitic comments

Presale tickets for Wireless Festival are released at 12pm on Tuesday

The Independent UK

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Euronews

Kanye West backlash escalates in UK as festival organiser defends booking - West issues statement

Wireless Festival organiser has defended the booking of Kanye 'Ye' West for this summer’s headline slot, while more sponsors drop out of the festival. Questions remain over whether the controversial rapper will be able to enter the UK. West has now issued a statement of his own.

The Independent UK

All the brands that have backed out of major festival since Kanye West was booked as the headliner

Controversial rapper was announced as the top act of London’s Wireless Festival, sparking significant backlash

International Business Times UK

Kanye West Wireless Festival Faces Sponsor Collapse after Anti-Semitic, Nazism Row as Pressure Mounts on UK Entry Ban

Pepsi and Diageo have withdrawn sponsorship from Wireless Festival 2026 following the booking of Kanye West. Prime Minister Keir Starmer has condemned the move as pressure for a UK entry ban grows.

BANG Premier

Wireless Festival hit by second sponsor exit as Diageo and Pepsi pull support over Kanye West booking

Wireless Festival has lost two major sponsors after backlash over Kanye West being booked to headline all three nights of the 2026 event.

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Euronews

Keir Starmer 'deeply concerned' by upcoming Kanye ‘Ye’ West UK gigs as sponsors pull out of festival

Kanye ‘Ye’ West, who has previously been criticised over his antisemitic remarks, will top the bill for all three nights of the upcoming Wireless Festival in the UK. The Prime Minister has expressed concerns over this booking, and several top tier sponsors are already backing out...

The Guardian - UK

Stout clobber? Guinness tie-up features £1,295 ‘pub carpet’ jumper

The brand has enlisted JW Anderson to help brew a 17-piece range of luxury fashionwear, from ‘beer towel’ shorts to branded trousers and tops

The Guardian - UK

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

Evening Standard

HSBC reclaims top spot as FTSE 100 hits new high

The FTSE 100 index ended up 1.2% at 10,806.41, a record close.

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

Evening Standard

Tesco plans head office shake-up with 180 jobs cut, but new roles created

The UK’s biggest supermarket said it recognises the changes will come as ‘difficult news’ to staff members affected by its proposals.

Evening Standard

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.

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