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Diageo raises cost-cutting target as US tariffs bite
Diageo, which has come under pressure from investors to cut costs and reduce debt, also said it was adding $125mn to its cost-savings target, taking the total to $625mn over the next three years. Its shares rose 7 per cent in early trading before paring most of those gains. They closed up 3.77 per cent.
Diageo is signaling that tariffs are a wet blanket, even for the largest of importers. Investors should watch how this busy ...
Profit at FTSE 100 giant Diageo has fallen far short of expectations as high costs hammer the drinks giant. Net sales fell ...
Diageo hunting for new CEO as interim boss says there is much more for company to do across its portfolio of brands ...
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Diageo FY25 Earnings & Sales Fall Y/Y on Soft Volume, FY26 View Bleak
DEO posts a y/y decline in earnings and sales in FY25, citing weak volumes in key markets and warns of continued headwinds in ...
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.
Diageo’s profits fell almost 30% last year as the world’s largest spirits maker suffered at the hands of changing drinking ...
Diageo CEO Debra Crew resigned as the maker of brands including Smirnoff vodka and Guinness beer struggles with weak sales.
The chief executive of Guinness-owner Diageo has stepped down with immediate effect, the drinks giant has announced. In an ...
Diageo is expected to reveal a drop in profits for the past year when it unveils its latest finances on Tuesday.
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Spirits Giant Diageo, Maker of Smirnoff and Captain Morgan, Sees Opportunity in Drier Culture
Diageo envisions supplying those looking for smaller bottles and beverages with little or no alcohol, interim CEO Manik Jhangiani said.
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