Diageo firm on late payments May 17, 2009 Drinks company Diageo has imposed harsher payment terms on its suppliers, risking a backlash from business secretary Lord Mandelson who had appealed for better treatment of small businesses. The Smirnoff owner has increased the number of days in which it commits to pay its suppliers to 30 days, from 45, saying the changes are necessary [...]
Diageo bullish as profits rise August 29, 2008 With two world wars and a few revolutions under its belt, alcoholic drinks giant Diageo is well placed to weather the economic downturn, its chief executive Paul Walsh said yesterday when announcing the group’s results – despite warning of slowing growth ahead. The maker of Guinness and Smirnoff posted a 2 per cent increase in [...]