Cheers to that! Diageo chief quits after decade at the top, as firm appoints FTSE 100’s tenth woman CEO March 28, 2023 Spirit maker Diageo has announced its chief executive Sir Ivan Menezes is to retire following ten years leading the firm. The London-listed drinks giant will step aside from the firm’s board in June of this year and be replaced by Debra Crew, who is currently its chief operating officer. Meneze joined the firm from the [...]
Diageo buys Don Papa Rum as drinks maker continues drive to re-stock drinks cabinet with premium brands January 17, 2023 Alcohol giant Diageo has swooped in for super-premium brand Don Papa Rum for £230m. The London-listed drinks company is putting up the cash with a possible £157m consideration through to 2028, subject to performance. The maker of Jack Walker whisky said the dark rum brand had annual growth of 18 per cent in Europe and [...]
Sales overflow for drink giants Diageo and AB InBev as consumers still opt for pricey tipples July 28, 2022 Global drinks titans Diageo and AB InBev have reported overflowing sales after the easing of Covid lockdowns has driven punters back into bars. Johnnie Walker maker Diageo posted net sales of £15.5bn, an increase of 21.4 per cent, which it accredited to the pub and bar sector recovering from the side effects of Covid 19 [...]
Guinness owner Diageo plots £73m London microbrewery January 31, 2022 Diageo has revealed plans to build a £73m Guinness microbrewery in a sign that London's hospitality industry is making a post-Covid comeback.
Diageo sales leap as Guinness maker warns ‘near-term volatility to remain’ January 27, 2022 Guinness maker Diageo toasted to the reopening of hospitality as it reported a leap in half-year sales. In an update on Thursday, the drinks giant reported net sales of £8.0bn, up 15.8 per cent. Its operating profit hit £2.7bn, a jump of 22.5 per cent. Bosses thanked a resilient demand from drinkers at home as [...]
In good spirits: Diageo shares rise after Guinness owner forecasts sales growth November 16, 2021 Guinness owner Diageo has said it expects organic net sales growth of at least 16 per cent in the first half of its new financial year. The announcement sent shares in the alcohol giant rocketing more than 3 per cent on Tuesday morning, to a high of £39.48. At its capital markets day, the beverage-maker [...]
Guinness owner Diageo sales jump as it toasts reopening July 29, 2021 Spirits group Diageo has beaten expectations for full-year sales as it gears up the reopening of bars and nightclubs across Europe. The booze business, which owns brands such as Guinness, Johnnie Walker and Smirnoff, reported net sales of £12.7bn in the year to the end of June, up 8.3 per cent on the previous year. [...]
Better-than-expected recovery for Guinness maker Diageo despite supply chain woes September 30, 2021 Guinness maker Diageo reported this morning strong recent trading with a better-than-expected recovery in Europe despite mounting supply chain woes. Shares in the FTSE 100 listed group are up by nearly 3 per cent. The group, which also makes Gordon’s gin and Smirnoff vodka, said it was seeing a solid start to its new financial [...]
Guinness owner Diageo restarts £1bn capital return plan after strong recovery May 12, 2021 Shareholders in drinks giant Diageo are set to receive billions of pounds in share buybacks as the firm’s Covid recovery enabled the restart of its return of capital programme. Diageo, the owner of Guinness and Smirnoff, this morning said it was restarting its capital return programme after a strong financial recovery, led by North America. [...]
Guinness owner Diageo hikes dividend despite impact of pub closures on sales January 28, 2021 Diageo, the owner of Guinness and Smirnoff, this morning announced it will hike its dividend despite the impact of coronavirus restrictions on pub and bar sales. Reported net sales fell 4.5 per cent during the second half of the year, while operating profit declined 8.3 per cent to £2.2bn. Organic net sales increased one per [...]