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 [...]
Guinness recalls non-alcoholic stout over safety concerns November 11, 2020 Guinness has urged customers not to drink its new non-alcoholic stout due to a microbiological contamination. The brand, which is owned by drinks giant Diageo, recalled its Guinness 0.0, saying the product may not be safe to consume. Guinness’ alcoholic stout is not affected by the contamination issue. It told customers to return the non-alcoholic [...]
Diageo snaps up Chase Distillery as it cashes in on gin boom October 26, 2020 Diageo today said it has agreed to buy British gin and vodka maker Chase Distillery, marking the drinks giant’s latest effort to strengthen its gin portfolio. The Herefordshire-based distillery is best known for its Chase GB Gin, as well as its Chase Original Potato Vodka. In total the company’s portfolio includes seven gins, four vodkas [...]
Diageo shares pop as Guinness maker hails improved trading September 28, 2020 World’s largest spirit maker Diageo said that it had made a “good start” to the new financial year, driven by its US business, which is performing ahead of expectations. Shares in the FTSE 100 drinks maker rose 6.1 per cent as markets opened this morning. In an update before the firm’s AGM, chief executive Ivan [...]
Diageo shares drop as profit almost halves amid coronavirus crisis August 4, 2020 Shares in Guinness owner Diageo fell more than five per cent this morning after the drinks giant revealed that profit almost halved this year. The figures Diageo said this morning that operating profit in the year ended 30 June fell 47 per cent from £4.04bn to £2.13bn. Net sales dropped nine per cent from £12.86bn [...]
Coronavirus: Guinness owner Diageo pauses £4.5bn shareholder returns scheme April 9, 2020 Guinness owner Diageo has scrapped its financial guidance and suspended a £4.5bn shareholder returns programme after bars and restaurants across the world closed due to coronavirus. The drinks giant has not scrapped its interim dividend, however it has paused a three-year shareholder returns programme after governments ordered pubs to shut. Diageo said it had seen [...]
Guinness owner Diageo launches fund to prop up pub staff wages March 17, 2020 Guinness owner Diageo has launched a £1m fund to support bar staff wages as pubs across the UK teeter on the brink of collapse due to coronavirus. The community fund will help some pubs and bars to pay a proportion of staff wages if they are forced to close as customers are urged to stay [...]
Coronavirus: Guinness owner Diageo warns on £200m profit hit February 26, 2020 Drinks manufacturing giant Diageo has warned it expects to take a profit hit of up to £200m due to the impact of coronavirus, which has seen bars and restaurants close and events cancelled across Asia. Diageo – the owner of Guinness, Johnnie Walker whisky and Smirnoff vodka – this morning said group organic sales could [...]
Hundreds of Diageo workers to strike over pay September 3, 2019 Hundreds of workers at Diageo plants in Scotland will strike this month after pay talks between the drinks giant and unions broke down. Unite members across the firm’s distilleries in Cameron Bridge, Shieldhall and Leven will walk out on 18, 19, 20, 26 and 27 September. Read more: Diageo invests £180m in greener African breweries [...]