Diageo reported a smaller than expected fall in annual profit on Tuesday and said it expected to have a permanent new CEO by ...

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 ...

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The company is also ramping up its cost-cutting efforts amid uneven trends in drinking out and overall liquor sales.

Diageo’s latest earnings offer a crucial lesson. While traditional Scotch is struggling, the booming success of Crown Royal ...

There are emerging glimmers of hope given the reach and power of the group’s brand portfolio” – Richard Hunter, analyst ...

Shares in Diageo leapt nearly 5% after the troubled Scotch whisky giant, which parted company with chief executive Debra Crew last month, increased its cost-saving target under a ...

Diageo envisions supplying those looking for smaller bottles and beverages with little or no alcohol, interim CEO Manik Jhangiani said.

The key motivation for Diageo's acquisition strategy is to broaden the product portfolio, which is critical in the on-trade channel (bars, restaurants, pubs). Volume in the spirits industry is more ...

Challenging year for drinks giant offset by positive Don Julio, Guinness and Crown Royal Blackberry brand performance ...

Diageo, which saw profit decline 27.8% in the year to the end of June, will not chase pure cost-cutting at the expense of its ...