Diageo shares surge amid Guinness sale rumour Retail 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. [...]
Diageo boss reassures concerned investors ahead of annual meeting Retail Diageo chief executive Debra Crew has reassured investors that the company’s fundamentals remain strong despite market headwinds and a sinking share price. The company’s share price has fallen by nearly 19 per cent in the last year and just over one per cent in the last month. Crew said that consumers continue to be “cautious” [...]
Guinness-maker Diageo poaches Coca-Cola bottler finance chief as Crew looks to revive sales Drinks Diageo has poached a new chief financial officer from the world’s largest Coca-Cola bottler today as chief executive Debra Crew pushes ahead with plans to revive the drinks giant's flagging sales.