Brits’ growing taste for Guinness – and price hikes – drive Diageo forward August 1, 2023 Rising sales of Guinness in the UK, and global price hikes and premiumisation, drove drinks giant Diageo forward
Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth July 18, 2023 Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]
Diageo set to triple alcohol-free Guinness 0.0 production as demand booms July 4, 2023 Guinness will almost triple production of its zero-alcohol brand in response to a growing consumer taste for non-alcoholic drinks. Owners Diageo has invested 25 million euro in a new facility at its St James’s Gate brewery in Dublin to meet a surge in demand for alcohol-free stout in the domestic and global markets. The new [...]
‘Paper’ bottle maker backed by Diageo secures £20m in fresh funding round July 3, 2023 A sustainable packaging business backed by Diageo, is gearing up for a new funding round in efforts to deliver a commercial product line. Pulpex said it has secured financing from CMPC, a Chilean pulp and paper company, to enable the production and supply of over 2bn paper bottles to consumer brands worldwide by 2028. Sources [...]
Long-time Diageo boss Sir Ivan Menezes dies aged 63 June 7, 2023 Sir Ivan Menezes, the long serving chief of drinks giant Diageo, has died aged 63, following a short illness. The Indian-born business leader passed away days after he was rushed into hospital for emergency surgery, for medical issues including a stomach ulcer. Menezes joined Diageo at its creation in 1997 and held many senior positions [...]
Diageo chief Sir Ivan Menezes has emergency surgery before retirement as first female CEO takes charge June 5, 2023 Spirits giant Diageo has announced the appointment of its first female chief executive following the retirement of long-term boss Sir Ivan Menezes, who’s now in hospital. The appointment of Debra Crew as interim chief executive was announced this morning, while its existing chief undergoes emergency surgery. He will formally retire at the end of the [...]
CBI exodus: Which firms have quit or suspended their relationship with the lobby group? April 21, 2023 A slew of top firms have quit or suspended engagement with the CBI today after the lobby group was rocked by new allegations of sexual abuse.
Cheers to that! Diageo chief quits after decade at the top, as firm appoints FTSE 100’s tenth woman CEO March 28, 2023 Spirit maker Diageo has announced its chief executive Sir Ivan Menezes is to retire following ten years leading the firm. The London-listed drinks giant will step aside from the firm’s board in June of this year and be replaced by Debra Crew, who is currently its chief operating officer. Meneze joined the firm from the [...]
Diageo shares fall despite strength in premium drinks sales as US market disappoints January 26, 2023 Diageo reported an increase in profit and beat analyst expectations for sales growth but investors were disappointed by the company’s performance in the US market, sending shares down over six per cent in morning trade. In the six months to 31 December, the world’s largest spirits manufacturer’s pretax profit increased to £3.1bn from £2.7bn On [...]
Cocktail of costs: How inflation is expected to squeeze spirit-maker Diageo’s sales and profit despite Christmas boost January 20, 2023 Spirits giant Diageo is expected to report a slowdown in sales and profits next week as consumer spending steadies. However, analysts have predicted that the Johnnie Walker and Baileys maker could deliver a resilient showing when it reveals its half-year update to shareholders on Thursday, January 26. A consensus of analysts have predicted that the [...]