Companies Goodbye to Guinness: Stout dropped from UK inflation trackerThe move does not suggest Guinness is waning in popularity in the UK
Stock Take Diageo’s ten-year surge halts but chief vows to find new wave of growthDebra Crew says she will rebuild earnings margins after a ‘challenging’ first half – and investors believe her
Companies Guinness owner Diageo posts double-digit decline in half year profits The British drinks giant said the first half of its 2024 financial year was ‘challenging’ with sales falling in the US and Latin America
Aviation Ireland is a true global leader in aviation leasing, and we must replicate that success Tony Ryan’s legacy to Irish business extends far beyond the hundreds of Ryanair jets that bear his name today
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
business BrewDog founder sinks teeth into Guinness’s ‘250-year monopoly’James Watt claims his stout, Black Heart, is achieving sales of over 50 per cent of its giant rival and aims to go head-to-head against the global brand in pubs
Companies Diageo warns of ongoing cost inflation and challenging market conditionsGuinness-owner says it still expects to deliver high single-digit profit growth this year
Drinks Analysis: Diageo’s price hike in face of rising profits will leave sour taste in consumers’ mouths Price change may be small, but the cost in consumer loyalty could be huge as many publicans consider exploring new offerings
Drinks Publicans to take Diageo price hikes ‘on the chin’ as pints go up by 4 centOne Dublin pub-owner told the Business Post that pints are not the only prices increases pubs have had to contend with, with Diageo raising the price of its spirits brands three times in the last year
Companies Diageo to pay €2.1bn dividend to investors after reporting double-digit profit growthThe British drinks giant reported record full year sales of almost €20 billion on the back of higher sales prices and foreign exchange tailwinds
Drinks Guinness-owner Diageo raises price of pint by 4 cent in second hike this yearThe move, which will take effect in August, will affect firm’s entire draught beer portfolio, including Guinness, Carlsberg, Smithwicks, Harp, Rockshore and Hop House 13
Drinks Diageo to treble production of Guinness 0.0 in DublinThe move is being made following a €25 million investment in a new facility at St James’s Gate
Drinks Guinness-owner Diageo ends deals with ‘Diddy’ Combs after racism claimsA spokeswoman for Diageo said ‘Mr Combs’s bad-faith actions have clearly breached his contracts and left us no choice’
Climate & Environment Diageo: Water crisis threatens alcoholic drinks supplyThe maker of Guinness and Baileys says water supply poses the most significant climate change-related risk to its business
Business Guinness maker Diageo and Sean ‘Diddy’ Combs face off over multi-billion dollar racism allegationsIn a statement, Diageo denied allegations of racism and said the matter was a business dispute
Business Guinness owner Diageo announces new chief executive as Ivan Menezes stands downDebra Crew, the chief operating officer who was widely tipped to step up when Menezes retired, will lead the company
Russia Heineken launched stout to replace Guinness for Russian marketDrinks giant says it still intends to withdraw from Russia over Ukraine invasion, but has developed new product range selling 72 million litres of beer and soft drinks
Food & Wine Guinness drinkers drive Diageo sales growth in Ireland but American spirits fallingThe drinks giant reported net sales of £9.4 billion, an 18.4 per cent increase but its shares dropped due to a sales slowdown in North America.
Drinks Diageo to spend up to €438m on Philippines rum brand days after raising price of pintLast week the firm said it could no longer absorb the cost of inflation for drinks such as Guinness