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The Latest Breaking News from Diageo

‘I’m proud to have made this stand’: over-60s arrested at Palestine Action ban protest explain their decision

From a retired British colonel to a Catholic priest, half of the 532 people arrested in Parliament Square were 60 or older. Many believe they had a greater share of responsibility to take in defending the right to free speech

The Guardian - UK

Health experts urge ban on school materials backed by food, drink and gambling firms

Exclusive: Education secretary told sponsored resources misrepresent evidence about diets, alcohol and betting

The Guardian - UK

Blue chips in favour ahead of likely Bank of England interest rates cut

The FTSE 100 index closed up 21.58 points, 0.2%, at 9,164.31.

Evening Standard

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BP fuels FTSE 100 but soft US data tempers gains

The FTSE 100 Index closed up 14.43 points at 9,142.73.

Evening Standard

Guinness Owner Diageo Ups Savings As US Tariffs Hit

Diageo, the maker of Guinness stout and Smirnoff Vodka, reported Tuesday a sharp drop in annual net profit and raised its cost-savings targets as US tariffs hit.

International Business Times

Guinness owner Diageo’s profits slump as it warns of $200m Trump tariff hit

British drinks firm, which is searching for new CEO, expands cost-cutting plan

The Guardian - UK

Who are the biggest buyers of Russian oil?

U.S. President Donald Trump is urging China and India to stop buying oil from Russia

The Independent UK

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Drone that crossed into Lithuania from Belarus represents ‘alarming sign of spillover of Russia’s aggression’, says Lithuanian minister – as it happened

Lithuanian foreign minister Kęstutis Budrys says drone, which authorities say was carrying explosives, shows incidents crossing ‘onto Nato territory’

The Guardian - UK

Diageo eyes £625m in cost savings after profits tumble

The interim boss of the spirits giant admitted ‘some’ jobs are likely to be affected by the three-year cost saving programme.

Evening Standard

Guinness is helping Wetherspoons thrive — so why is its own parent company struggling?

BUSINESS COMMENT: Analysis: Guinness maker Diageo has been on a downward curve for three years. Now a new CEO faces a big turnaround task, writes Karl Matchett

The Independent UK

Business news live: Diageo profits drop and BP faces shareholder pressure as Neil Woodford and firm fined £46m

Stock market news and latest business and finance updates from Tuesday

The Independent UK

Guinness sales in focus as Diageo updates market after boss’s exit

Diageo is expected to reveal a drop in profits for the past year when it unveils its latest finances on Tuesday.

Evening Standard

Debra Crew couldn’t shift Diageo’s post-Covid hangover

The firm still has the potential to be great again, but her long-term vision felt too blurry

The Guardian - UK

Diageo CEO steps down after drink firm’s lacklustre performance

Debra Crew’s tenure marked by shock profits warning, adverse global consumer trends and investor disquiet

The Guardian - UK

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Evening Standard

Diageo’s boss Debra Crew steps down by ‘mutual agreement’ after two years

Ms Crew has stepped down as chief executive with ‘immediate effect’ and by ‘mutual agreement’ with the board, the London-listed company said.

Creative Bloq

12 celebrity brands that are totally nailing it, and what designers can learn from them

These brands have a lot to teach anyone working in design.

The Guardian - UK

Bacardi Breezers to BuzzBallz: why gen Z aren’t the booze buzzkills we’ve been led to believe

Research suggests younger drinkers socialise for longer and embrace bolder, boozier options as drinks companies pivot to catch up

Fortune

This Gen Xer turned $2,500 on a credit card into a multimillion-dollar business and quit his 9-to-5 for good

Hella Cocktail Co. cofounder and CEO Jomaree Pinkard quit his NFL consulting career and turned a hobby with his two best friends into a multimillion-dollar business.

Get all your
news in one place.

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The Independent UK

Pride events face budget shortfalls as US corporations pull support ahead of summer festivities

After years of sponsoring LGBTQ+ Pride events around the country, some companies are pulling their financial support

The Guardian - UK

Over a barrel: lack of sugar throws Cuba’s rum industry into crisis

This year’s tiny harvest casts doubt on the spirit’s recent resurgence, once a bright spot in the island’s economy

Evening Standard

Why the scion of Maker's Mark tore up his family's rulebook in the pursuit of progress

Star Hill Farm is not a new name for old whisky, writes Douglas Blyde. It’s a quiet revolution of regenerative farming

Evening Standard

FTSE 100 claws back losses after US credit rating downgrade

Markets had initially dropped on Monday after ratings agency Moody’s downgraded the US from its triple-A credit rating.

The Guardian - UK

Tariffs are clearer at Diageo – not much else is

Diageo ought to be fine but given the turmoil of the past couple of years, the market wants to wait and see

Euronews

Guinness maker Diageo braces for a €133 million US tariff hit

The British multinational alcoholic beverage company also announced a $500 million savings plan.

Evening Standard

Guinness hopes to attract half a million visitors a year to new Covent Garden brewery

Guinness owner Diageo spending £73m on microbrewery, restaurant, shop and training academy complex

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