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The Latest Breaking News from Diageo

Diageo eyes £625m in cost savings after profits tumble

The interim boss of the spirits giant admitted ‘some’ jobs are likely to be affected by the three-year cost saving programme.

Evening Standard

Guinness is helping Wetherspoons thrive — so why is its own parent company struggling?

BUSINESS COMMENT: Analysis: Guinness maker Diageo has been on a downward curve for three years. Now a new CEO faces a big turnaround task, writes Karl Matchett

The Independent UK

Business news live: Diageo profits drop and BP faces shareholder pressure as Neil Woodford and firm fined £46m

Stock market news and latest business and finance updates from Tuesday

The Independent UK

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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

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

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12 celebrity brands that are totally nailing it, and what designers can learn from them

These brands have a lot to teach anyone working in design.

Creative Bloq

Bacardi Breezers to BuzzBallz: why gen Z aren’t the booze buzzkills we’ve been led to believe

Research suggests younger drinkers socialise for longer and embrace bolder, boozier options as drinks companies pivot to catch up

The Guardian - UK

This Gen Xer turned $2,500 on a credit card into a multimillion-dollar business and quit his 9-to-5 for good

Hella Cocktail Co. cofounder and CEO Jomaree Pinkard quit his NFL consulting career and turned a hobby with his two best friends into a multimillion-dollar business.

Fortune

Pride events face budget shortfalls as US corporations pull support ahead of summer festivities

After years of sponsoring LGBTQ+ Pride events around the country, some companies are pulling their financial support

The Independent UK

Over a barrel: lack of sugar throws Cuba’s rum industry into crisis

This year’s tiny harvest casts doubt on the spirit’s recent resurgence, once a bright spot in the island’s economy

The Guardian - UK

Why the scion of Maker's Mark tore up his family's rulebook in the pursuit of progress

Star Hill Farm is not a new name for old whisky, writes Douglas Blyde. It’s a quiet revolution of regenerative farming

Evening Standard

FTSE 100 claws back losses after US credit rating downgrade

Markets had initially dropped on Monday after ratings agency Moody’s downgraded the US from its triple-A credit rating.

Evening Standard

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The Guardian - UK

Tariffs are clearer at Diageo – not much else is

Diageo ought to be fine but given the turmoil of the past couple of years, the market wants to wait and see

Euronews

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

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

Evening Standard

Guinness hopes to attract half a million visitors a year to new Covent Garden brewery

Guinness owner Diageo spending £73m on microbrewery, restaurant, shop and training academy complex

The Guardian - UK

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

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Evening Standard

Guinness maker Diageo braces for £113m US tariff impact

The drinks giant said it believes its current plans will mitigate around half of the impact of these higher costs.

The Independent UK

Why UK-India trade deal won’t save whisky and car industries from Trump’s tariffs

Labour prime minister Keir Starmer has hailed the largest post-Brexit agreement yet

Fortune

Power Players: Meet the women reshaping 10 key European industries

This year, Fortune curated a list of female leaders at the helm of European companies across the continent’s biggest industries.

Salon

Tariffs threaten your grocery bill

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

The National (Scotland)

Scottish distillery to slash emissions by 90 per cent in major electrification uplift

A SCOTTISH whisky distillery is launching a multi-million-pound decarbonisation project in a bid to slash emissions by over 90 per cent

Barchart

8 Consumer Defensive Stocks Hit 52-Week Lows: Several Are Good Contrarian Buys

Stocks hitting 52-week highs and lows Tuesday was almost 50/50, with the former at 76, four more than the latter. Not all eight consumer defensive stocks hitting 52-week lows deserve to be there.

The Guardian - UK

This will be the year that Guinness loses its cool. Cheers to that!

It was once a left-field choice but now, like the Aperol spritz before it, my favourite pint has lost its lustre. Anyone for a Murphy’s? asks culture writer Lauren O’Neill

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