Guinness maker Diageo sales squeezed under ‘competitive pressure’ Retail Diageo recorded sluggish sales growth in the first quarter of its financial year as the drinks giant faced “competitive pressure” in its top markets. The FTSE 100 group, which owns Guinness, Johnnie Walker and Tanqueray, recorded net sales up 1.2 per cent year-on-year at $4.9bn. But organic growth, which strips out currency volatility and the [...]
LSE draws up ‘worst case scenario’ US listing flight risk Markets The London Stock Exchange is preparing for as many as 20 FTSE 100-listed companies to move their direct listings to New York, according to reports, in a move that would leave a £2bn gap in the Treasury’s earnings from stamp duty on share trades. The exchange has drawn up a worst-case scenario plan in which [...]
The art of the great British ad Opinion UK advertising is the best in the world, blending creativity with commerce in a uniquelt British way. But the industry is under threat, says Simon Cooper If you grew up in Britain, your childhood was likely narrated by commercial breaks as much as by the programs they sat between. Whether it was the 90 seconds [...]
Guinness sales in focus as Diageo updates market after boss’s exit August 3, 2025 Investors in Diageo will be hoping the continued boom in demand for Guinness will help put the drinks giant back on track following the departure of its boss, and challenging conditions. The FTSE 100 firm, which also makes Johnnie Walker whisky and Gordon’s gin, is among the index’s weaker performers this year, with its share [...]
Diageo: Share price rises as investors breathe a sign of relief April 3, 2025 Diageo’s share price rose more than two per cent as investors digested US President Donald Trump’s announcement on tariffs. Trump imposed a sweeping 20 per cent tariff on all EU goods going into the US on 3 April, but only a 10 per cent tariff on UK goods. “The UK is a relative winner from [...]
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 [...]
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” [...]