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Diageo raises cost-cutting target as US tariffs bite
Diageo, which has come under pressure from investors to cut costs and reduce debt, also said it was adding $125mn to its cost-savings target, taking the total to $625mn over the next three years. Its shares rose 7 per cent in early trading before paring most of those gains. They closed up 3.77 per cent.
Diageo hunting for new CEO as interim boss says there is much more for company to do across its portfolio of brands ...
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Diageo FY25 Earnings & Sales Fall Y/Y on Soft Volume, FY26 View BleakDEO posts a y/y decline in earnings and sales in FY25, citing weak volumes in key markets and warns of continued headwinds in ...
Profit at FTSE 100 giant Diageo has fallen far short of expectations as high costs hammer the drinks giant. Net sales fell ...
Diageo’s profits fell almost 30% last year as the world’s largest spirits maker suffered at the hands of changing drinking ...
Leading the charge this morning is Smith & Nephew PLC (LSE:SN), up over 11% after the knee- and hip-replacement group ...
Investors in Diageo will be hoping the continued boom in demand for Guinness will help put the drinks giant back on track following the departure of its boss, and challenging conditions.
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Diageo envisions supplying those looking for smaller bottles and beverages with little or no alcohol, interim CEO Manik ...
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