Diageo: Guinness maker warns tariffs could offset recovery February 4, 2025 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 February 2, 2025 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 [...]
Fevertree shares spike on ‘transformational’ deal with Molson Coors January 30, 2025 Fevertree shares have soared more than 20 per cent after the drinks company announced a tie-up with Coors and Carling owner Molson Coors. The agreement will see Molson Coors handle the exclusive sales, distribution and production of the Fevertree brand in the US. Analysts were uniformly positive about the deal, and expected both businesses to [...]
Innocent Drinks slashes loss after overcoming ‘challenging year’ January 14, 2025 Innocent Drinks has slashed its pre-tax loss after it recovered from a “challenging year”, it has been revealed. The London-based brand, which is owned by Coca-Cola, has reported an operating loss of £3.7m for 2023, according to delayed accounts filed with Companies House. The results, which were filed long after the initial deadline of 30 [...]
Bacardi: Martini maker shaken as UK drinkers move away from spirits January 7, 2025 UK drinkers ditching spirits in favour of wine, beer and non-alcoholic drinks has hit the sales of Bacardi, it has been revealed. The division of the Bermuda-headquartered drinks giant has said its performance has also been impacted by “a combination of post-Covid challenges, ongoing global conflicts and a tough economic environment marked by rising living [...]
Diageo: Shares in FTSE 100 Guinness, Baileys and Johnnie Walker owner are staging a comeback December 12, 2024 Shares in Diageo, the giant behind Guinness, Baileys and Johnnie Walker, are staging a comeback after falling to a historic low last month. The London-headquartered group, which also has a listing on the New York Stock Exchange, has seen its share rise to 2,581p in early trading today, up 3.6 per cent. The latest price [...]
Bumper pay day for Britvic boss ahead of £3.3bn Carlsberg deal December 10, 2024 The chief executive of Robinsons squash maker Britvic has received a bumper pay day ahead of the group’s £3.3bn takeover by Carlsberg. Simon Litherland has been handed a £4.68m pay packet, up from the £2.86m he received in the prior year and £1.93m in the 12 months before that. The total is the highest Litherland [...]
Bulmers help C&C outperform the alcohol market October 29, 2024 Drinks company C&C has reported results in line with expectations as its core brands Bulmers and Tennent’s outperformed the market. The company has also reconfirmed its commitment to return a minimum of €150m (£125m) to shareholders over the next three years, adding that it has already completed €38m of buybacks. C&C will pay an interim [...]
Turnover rise for Kenco maker despite coffee lovers buying less after price rises October 7, 2024 Sales at Jacobs Douse Egberts, whose brands include the likes of Kenco and L’or, increased despite fewer people buying coffee after the group upped its prices. The Maidenhead-headquartered UK division of the Netherlands giant said consumers bought less coffee during its latest financial year because it rose its prices because of “exceptional levels of input [...]
Diageo boss reassures concerned investors ahead of annual meeting September 26, 2024 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” [...]