Guinness maker Diageo to offset US tariffs with cost cuts May 19, 2025 London’s biggest drinks business, Diageo, has unveiled a $500m (£375m) cost-cutting programme as it struggles with the impact of US tariffs. Guinness and Johnnie Walker maker Diageo said it would make the cost savings over the course of three years, but did not confirm how many jobs would be impacted by the move. The firm [...]
Trump tariff war set to send cost of Guinness soaring March 13, 2025 Donald Trump’s trade war is set to send the price of Guinness soaring to new highs, a financial expert has warned. Trump’s stand-off with Mexico and Canada, now followed by tariffs on Britain and the EU, is having a knock-on effect that might hit drinkers in the pocket. The price of a pint of Guinness [...]
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 [...]
ITV extends Six Nations offering with descriptive audio commentary January 31, 2025 The Six Nations coverage provided by ITV will have a live descriptive audio commentary option after a successful trial last year. The offering, in partnership with Six Nations title sponsor Guinness, will bring live audio description commentary to its coverage of four matches involving England – against Ireland, France, Scotland and Italy. The Wales game [...]
Year of the Snake: China faces ‘short term pain for long term gain’ January 29, 2025 As China welcomes in the new year today, markets are hopeful that the government’s strategy of ‘short term pain for long term gain’ is enough to push the Chinese economy to a new stage of development. In traditional Chinese culture, the Year of the Snake embodies qualities of introspection, transformation and adaptability. That year seems fitting for 2025, as [...]
TNT confirms Six Nations rights interest but commits to free-to-air deal January 28, 2025 TNT Sports have confirmed they are interested in taking the Six Nations behind a paywall but insist that some free-to-air coverage will remain. The BBC has broadcast Six Nations matches since its expansion in 2000 and in 2015 teamed up with ITV to keep the tournament on terrestrial television. But TNT Sports, owned by Warner [...]
Time to breakup? Which UK stocks might benefit from selling assets January 27, 2025 Selling assets is a fashionable activity for UK stocks: WH Smith announced this morning that it is exploring a possible sale of its high street business to focus on its travel trade, following in the footsteps of Reckitt Bensicker, Marston’s and DCC, all of which have sold assets to unlock value recently. The news from [...]
Diageo has no plans to sell Guinness and stake in Moët Hennessy January 26, 2025 Diageo has said it has no plans to sell its outperforming Guinness brand and stake in Moët Hennessy, despite widespread reports earlier this week. In a statement to markets, the drinks company confirmed on Sunday “we have no intention to sell either.” Diageo shares soared to the top of the FTSE 100 on Friday after [...]
Diageo shares surge amid Guinness sale rumour January 24, 2025 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. [...]
All I want for Christmas is a pint of Guinness December 16, 2024 Whispers of a Guinness shortage in the Square Mile are not something City AM takes lightly. Some sleuthing in the financial district’s watering holes calmed a few nerves yesterday but the picture remains far from certain. While a good number of pubs had either run out or were down to their last barrel or two, [...]