Diageo: Guinness maker warns tariffs could offset recovery hospitality Drinks giant Diageo has cautioned on the effects of Donald Trump’s tariffs on its business, which outperformed analysts’ expectations this year after a significant contraction last year. US tariffs, “whilst anticipated”, could “impact [our] building momentum,” the Guinness-maker’s chief executive Debra Crew said, adding that the levies clouded the company’s ability to predict what would [...]
Guinness in focus as Diageo reveals latest trading hospitality Diageo is set to reveal how Guinness and its major spirit brands performed over the key Christmas period, after ruling out speculation it could sell the Irish stout brand. The London-based, drinks giant is expected to reveal another bumper performance by Guinness, which has been a key strong performer in recent years, becoming the UK’s [...]
I tried a different alcohol free drink every day of Dry January Life&Style There’s change in the air this Dry January. Pubs are tired of the idea that the annual event needs to be miserable; one venue is even throwing a ‘death to Dry January’ party to show that alcohol free can be fun. But there’s another movement too: producers are more keen than ever to express how [...]
Time to breakup? Which UK stocks might benefit from selling assets January 27, 2025 Selling assets is a fashionable activity for UK stocks: WH Smith announced this morning that it is exploring a possible sale of its high street business to focus on its travel trade, following in the footsteps of Reckitt Bensicker, Marston’s and DCC, all of which have sold assets to unlock value recently. The news from [...]
Diageo has no plans to sell Guinness and stake in Moët Hennessy January 26, 2025 Diageo has said it has no plans to sell its outperforming Guinness brand and stake in Moët Hennessy, despite widespread reports earlier this week. In a statement to markets, the drinks company confirmed on Sunday “we have no intention to sell either.” Diageo shares soared to the top of the FTSE 100 on Friday after [...]
Diageo shares surge amid Guinness sale rumour January 24, 2025 Diageo’s shares spiked to the top of the FTSE 100 today amid a rumour the company is looking to spin off or sell its most famous brand, Guinness, for up to £8bn. The transaction was first reported in a piece by Bloomberg, which said Diageo may be looking to review its portfolio to kickstart growth. [...]
Eat, drink, sleep, repeat: The best places to avoid Dry January January 16, 2025 Every January, I hang my head in shame. As a business leader who has spent almost three decades championing the finest beverages and hospitality, I must admit I am in no small part responsible for the abomination which is Seedlip, the crown jewel of the no alcohol movement, forced down your throat each “Dry January”. [...]
Rachel Reeves to raise Ukraine and Hong Kong human rights on China trip January 11, 2025 Rachel Reeves is expected to raise Russia’s war in Ukraine and issues of human rights in Hong Kong during her trip to China. The Chancellor is visiting Beijing for the first UK-China economic and financial dialogue since 2019, with Bank of England Governor Andrew Bailey and top financial services figures. Ministers are insisting the trip [...]
Renais: Gin brand co-founded by Harry Potter star Emma Watson raises £5m January 6, 2025 The luxury gin brand co-founded by Harry Potter star Emma Watson and her brother has raised almost £5m. Renais Gin, which was launched in May 2023, has secured £4.95m on the back of expanding into the US last year. The spirit is now sold in 11 countries while the company has distribution deals agreed with [...]
All I want for Christmas is a pint of Guinness December 16, 2024 Whispers of a Guinness shortage in the Square Mile are not something City AM takes lightly. Some sleuthing in the financial district’s watering holes calmed a few nerves yesterday but the picture remains far from certain. While a good number of pubs had either run out or were down to their last barrel or two, [...]