Profit at FTSE 100 giant Diageo has fallen far short of expectations as high costs hammer the drinks giant. Net sales fell ...

Diageo CEO Debra Crew resigned as the maker of brands including Smirnoff vodka and Guinness beer struggles with weak sales.

Investors in Diageo will be hoping the continued boom in demand for Guinness will help put the drinks giant back on track ...

The company’s cost-saving effort involves some job cuts as it navigates trade disputes and a slowdown in alcohol consumption.

Diageo, which has come under pressure from investors to cut costs and reduce debt, also said it was adding $125mn to its cost ...

Guinness maker Diageo is to extend cost saving plans after revealing a slump in profits following a “challenging year” which ...

Diageo hunting for new CEO as interim boss says there is much more for company to do across its portfolio of brands ...

A Guinness shortage ahead of the festive season in December prompted a chain reaction: pubs were scrambling, drinkers were upset, and Diageo was left to cope with the outsized demand.

Diageo, the world’s biggest spirits maker, announced Wednesday that CEO Debra Crew is stepping down by “mutual agreement” after just two years in the role.

Diageo denies reports it is considering selling Guinness or its stake in Moët Hennessy By Nathan Rennolds and Milan Sehmbi Bryn Colton/Getty Images Jan 26, 2025, 3:27 AM PT ...

Guinness is an outlier in Diageo's business, which consists mostly of spirits rather than beer, but its performance recently has outshone that of key liquor labels, such as Johnnie Walker whisky.

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.