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The Latest Breaking News from Diageo

Premiumisation lifts liquor companies' June quarter topline amid cost headwinds

Premiumisation is the key growth driver for India's alcoholic beverages industry. Major spirit makers expanded revenue and protected margins in the first quarter. United Spirits and Radico Khaitan reported high double-digit growth in their premium segments. United Breweries also saw an increase in its premium volume. This trend reflects rising…

The Economic Times

India warned Diageo that its whisky's 'matured in American oak casks' claim was misleading

India's food safety regulator has warned Diageo about misleading whisky maturation claims. The FSSAI stated that most of the product was not matured as labeled. This warning follows a ban on some Diageo and Inbrew spirits for artificial flavoring. The regulator is increasing scrutiny of liquor companies for incorrect labeling.

The Economic Times

Stocks rise and pound up after surprise US jobs fall

For the week, the FTSE 100 was up 0.3%, the FTSE 250 was up 3.7%, and the AIM All-Share was up 4.0%.

Evening Standard

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Guinness maker wants to brew even more pints – and sell you cocktails in a can

Diageo also owns brands such as Smirnoff, Captain Morgan and Baileys

The Independent UK

SNP urge Labour to cut whisky duty amid planned Diageo job cuts

LABOUR must support Scotland's whisky industry by cutting duty after a major firm announced dozens of jobs are at risk.

The National (Scotland)

Drinks giant Diageo unveils $1bn in cost cuts to tackle slowing growth

The world's largest spirits maker has scrapped its medium-term growth target as new CEO Dave Lewis moves to reset performance after years of stagnant sales.

Euronews

FTSE 100 closes down despite strong results from WPP and Diageo

The S&P Global UK construction purchasing managers’ index rose to 44.7 in July from 38.4 in June.

Evening Standard

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Diageo boss launches £743m cost-cutting plan to deliver turnaround

It came as the drinks giant, which also makes Gordon’s gin and Baileys, revealed weaker sales and profits for the past year.

Evening Standard

Diageo to nearly double Guinness production and cut jobs in turnaround plan

New CEO Dave Lewis lifts investors’ spirits by promising strategic overhaul worthy of his nickname ‘Drastic Dave’

The Guardian - UK

More than 170 jobs at risk at major whisky giant behind major Scottish distilleries

MORE than 170 jobs are at risk as a drinks giant behind a number of prominent Scottish whisky distilleries is reportedly set to axe staff ...

The National (Scotland)

DEO Stock Layoffs: What to Know About the Latest Diageo Job Cuts

Diageo inches higher on reports of new job cuts affecting as much as 30% of the workforce. Here’s what these layoffs really mean for DEO stock.

Barchart

Andy Burnham's chief of staff in transparency row over Douglas Alexander meeting

Andy Burnham's incoming chief of staff has been linked to a lobbying row over a meeting with Douglas Alexander when he was Trade Minister

The National (Scotland)

Global liquor companies chase Indian state dues of $400 million

Alcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies supply to state-run depots, relying on government payments. New dues are paid early, but old debts pile up. This creates a risk of bad debts for the industry. The state government…

The Economic Times

'Nao' is the time: Why Diageo India is backing this Indian craft gin producer

Anand Virmani, Co-Founder & Master Distiller, Goa-based Nao Spirits & Beverages, explains how they marketed India’s first craft gin, Greater Than, despite the varied constraints in scaling up the spirit category.

The Economic Times

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Evening Standard

Stocks soar and oil sinks on fresh peace deal hope

The FTSE 100 closed up 219.55 points at 10,438.66.

Evening Standard

Diageo sales grow unexpectedly as Guinness boom helps offset US weakness

Shares in the company lifted higher on Wednesday morning as a result.

The Independent UK

Price of a pint crosses £10 in London for the first time

It comes months after Guinness prices were predicted to rise by 5.2 per cent

The Times of India

Pepsi withdraws from Wireless Festival sponsorship after Kanye West backlash

Pepsi and Diageo have withdrawn sponsorship of the Wireless Festival following backlash over Kanye West's headline act. Critics cite his past antisemitic remarks, prompting calls from politicians to bar his UK entry. The controversy highlights debates on accountability and platforming in cultural events, with West's performance now uncertain.

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International Business Times UK

Sponsors Flee After Kanye Booking—PepsiCo, Diageo, and PayPal Pull Out Before Festival Cancelled

Kanye West UK ban triggers Wireless Festival cancellation after sponsors pull out, leaving fans facing losses and raising questions over celebrity controversy and event risks.

International Business Times UK

Is Kanye West Banned From Performing in UK? Boss's Defiant Defence as Five Major Sponsors Pull Out

Kanye West will keep his headline slot at London's Wireless Festival despite backlash and sponsor withdrawals, with Festival Republic defending the decision.

Bored Panda

Kanye West Breaks Silence On Wireless Festival Fallout As David Schwimmer Slams Rapper And Sponsors Pull Out

Kanye West’s show of remorse came after politicians and stars like David Schwimmer slammed the UK festival’s organizers for choosing him to headline.

The Independent UK

Government considering whether Kanye West should enter UK after antisemitic comments

Presale tickets for Wireless Festival are released at 12pm on Tuesday

Euronews

Kanye West backlash escalates in UK as festival organiser defends booking - West issues statement

Wireless Festival organiser has defended the booking of Kanye 'Ye' West for this summer’s headline slot, while more sponsors drop out of the festival. Questions remain over whether the controversial rapper will be able to enter the UK. West has now issued a statement of his own.

The Independent UK

All the brands that have backed out of major festival since Kanye West was booked as the headliner

Controversial rapper was announced as the top act of London’s Wireless Festival, sparking significant backlash

International Business Times UK

Kanye West Wireless Festival Faces Sponsor Collapse after Anti-Semitic, Nazism Row as Pressure Mounts on UK Entry Ban

Pepsi and Diageo have withdrawn sponsorship from Wireless Festival 2026 following the booking of Kanye West. Prime Minister Keir Starmer has condemned the move as pressure for a UK entry ban grows.

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