New year hangover for Diageo’s boss as expectations lowered again Diageo Diageo is continuing to feel the fall out from last year’s profit warning and a weakening demand for premium spirits, as analysts slashed expectations for the Guinness maker. The FTSE 100 firm, which also makes Smirnoff vodka and Captain Morgan rum, has around £29bn wiped off its market cap value over the past year amid [...]
Anyone for Pimm’s? Diageo mulls sale of iconic British tipple Business Diageo, the FTSE 100 drinks giant, is reportedly mulling the sale of three non-core brands, including summer time favourite Pimm’s.
Diageo: Shares at Guinness maker sink as Latin America hangover continues Retail Diageo reported a decline in annual profit on Tuesday as issues in Latin America continued to weigh on the world's largest spirit maker.
Diageo: Guinness maker looks to put fizz back in its share price January 27, 2024 All eyes will turn to Guinness maker Diageo on Tuesday, as the firm provides investors with an update on trading in the first half of the year.
Diageo drafts in former head of civil service Sir John Manzoni as new chair March 19, 2024 This comes as Diageo, which makes drinks such as Guinness and Pimm's, has seen its share price drop in the last year, in part due to the pressure of rising energy costs.
Nick Train: ‘Little sign of respite’ as Diageo and investment manager drag on value December 5, 2023 City stockpicker Nick Train warned there was “little sign of respite” today as his London-listed investment trust reported another slump in the value of its portfolio.
Diageo GB chief: ‘Guin-fluencers’ and the Six Nations will give us a big boost January 30, 2024 A combination of more diverse audiences, the Six Nations, and socia media are keeping Diageo's home market in fine fettle
Diageo: Glass half-empty as Latin American horror show continues for Guinness maker January 30, 2024 Guinness maker Diageo has reported a further decline in earnings in the interim period, as consumers cut back on top shelf booze
Cocktail of costs: How inflation is expected to squeeze spirit-maker Diageo’s sales and profit despite Christmas boost January 20, 2023 Spirits giant Diageo is expected to report a slowdown in sales and profits next week as consumer spending steadies. However, analysts have predicted that the Johnnie Walker and Baileys maker could deliver a resilient showing when it reveals its half-year update to shareholders on Thursday, January 26. A consensus of analysts have predicted that the [...]
Brits’ growing taste for Guinness – and price hikes – drive Diageo forward August 1, 2023 Rising sales of Guinness in the UK, and global price hikes and premiumisation, drove drinks giant Diageo forward