Diageo shares slide on profit warning after weak Chinese demand Business Shares in FTSE 100 drinks giant Diageo have fallen after weak demand in China and the US hurt sales and profit expectations. The group said its operating profit growth was set to be in the low to mid single-digit range for the year to June 2026, down from its previous guidance of mid single digits. [...]
Splitting the G: Is Diageo gearing up to sell off Guinness? Business Drinks giant Diageo has announced a huge cost-savings programme which may see it shed brands and jobs. In an update to markets this morning, the Guinness and Johnnie Walker owner said it planned to save $500m (£373m) over the next three years through “appropriate and selective disposals” as well as tighter capital discipline and organic [...]