Stock Take

Further Diageo price hikes to please shareholders may leave a bitter taste

A weak trading outlook, plus the underperformance of the drinks giant’s share price, means it is now under pressure to win back investor confidence

After pushing through two price hikes so far this year, Diageo would love a successful Rugby World Cup campaign to help supporters forget the growing hole they might have in their pockets

Depending on how far the Irish rugby team goes at this year’s World Cup, the publicans of Ireland look set to enjoy a busy month in October. As we get towards the business end of the Rugby World Cup, excitement levels are building among Irish supporters that Johnny Sexton can lead Ireland all the way.

Another cohort that stand to benefit from the competition are the shareholders in Diageo, the British drinks giant which owns ...