News

The mistake resulted in the share price of Britain’s largest bank rising more than 10 per cent

Diageo hit by emerging markets slowdown

Drinks giant announced plans to cut costs by £200m as Chinese sales decline

Market Report: Buying Beam was likely not on the to-do list. Now it should be

Following a run of M&A activity, booze experts yesterday declared drinks giant Diageo is ready to pour itself into the mix for US spirits group Beam.

Vivian Imerman eyes Whyte & Mackay acquisition as Diageo agrees to sell over competition concerns

Vivian Imerman, the man from Del Monte, has said he would be keen to buy Scotch whisky brand Whyte & Mackay from Diageo, after the drinks giant said it would sell the company to satisfy an Office for Fair Trading investigation.

Diageo offers to sell Whyte & Mackay to dispel competition concerns

Diageo has offered to sell the bulk of the business with the exception of the Dalmore and Tamnavulin distilleries

Market Report: Brazilian talks add to Glencore’s allure

Commodity and mining giant Glencore Xstrata is constantly on the lookout for new assets to add to its coffers and the City bought into news yesterday it was in talks with Brazil’s Vale over a nickel mine joint venture.

Market Report: Unilever troubles hit consumer firms

A slowdown in the once lucrative emerging markets business of Unilever dragged the rest of the consumer goods sector down with it yesterday as punters took fright.

Diageo began the celebration in 2009

Irish minister pours cold water on Diageo's drinks celebration

Alex White says the firm has 'invented Arthur’s Day' as a 'pseudo-national holiday'

Jim Armitage: Raising a glass to the king of the deal makers

Outlook Time for a final toast to Diageo's Paul Walsh. You may not have liked his penchant for big-game hunting in Africa, or that elephant-sized £18m pay-off, but his palate for a right-priced deal was second to none. Few chief executives, bar perhaps Sir Chris Gent at Vodafone, have so framed the shape of a major British business today with clever deal making.

The Business Matrix: Monday 16 September 2013

Fashion Week star Kane's shop slot

Cheers Diageo! Walsh walks off with £46m retirement

The former chief executive of Diageo had amassed a shares and pension retirement fund of more than £46m when he stepped down this summer.

Sony pulls out as sponsor of radio awards after 32 years

Technology firm Sony has pulled out of the annual radio awards after more than three decades sponsoring the event.

Diageo’s luxury brands mask Guinness slump

Britons are splashing out on upmarket spirits like Ciroc vodka — a favoured tipple of Prince Harry — even as Guinness sales struggle, the world’s biggest drinks company said today.

Diageo deal opens route to growing Indian market

Diageo's new chief executive, less than a week into the job, was yesterday toasting the drinks giant's success in taking a controlling stake in the Indian tycoon Vijay Mallya's United Spirits group.

The victor, Gareth Evans (left) with writer Samuel Muston

Bottoms up at the mile-high cocktail contest

Contenders for the Diageo World Class Bartender contest had an added challenge this year: to shake up a drink that still tasted good in mid-air. Samuel Muston joined them on board.

From Smirnoff to strawberries: Walsh lands new role has Compass chairmanship on the menu

Paul Walsh, the mastermind behind the global expansion of the Smirnoff and Johnnie Walker maker Diageo, is expected to take the chair at the caterer Compass as he retires from the drinks giant next year.

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