The Latest Breaking News from Diageo

Shares fall in world’s largest spririts company as consumers seek cheaper brands

More than £15 billion was wiped from the market value of Europe’s biggest drinks makers today after Diageo warned of a sudden slump in demand for its spirits.

Shareholders of BP, HSBC and Diageo can expect more big dividends after the trio of FTSE 100 heavyweights posted results today.

Exclusive: Victoria Prentis’s shareholdings not disclosed in registers despite potential for conflicts of interest

Rapper and entrepreneur Sean “Diddy” Combs is asking the New York Supreme Court to enforce a 2021 agreement that requires Diageo to treat his DeLeon tequila brand “at least as favorably” as its other tequila brands

The development has been called "one of the most exiting regeneration schemes in Europe"

The rapper recently filed a lawsuit alleging Diageo discriminated against his vodka and tequila brands because he is Black.

The Wall Street Journal is reporting that Washington is looking to further restrict the exports of artificial intelligence chips to China. The United States is concerned that Beijing could use American-made technology to develop weapons or increase its hacking abilities. Also in this edition: UK food retailers face tough questions…

“Diageo has typecast Ciroc and DeLeon, apparently deciding they are ‘black brands’ that should be targeted only to ‘urban’ consumers.”