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Diageo reports higher than expected operating profits for the year to the end of June

Diageo annual profit rises on thirst for premium brands

Guinness and Tanqueray gin maker Diageo has today beaten full-year sales forecasts as people continued treating themselves to expensive scotch, whisky and tequila despite high prices.

Business • 01 Aug 23

Diageo blamed the decision on rising costs

Diageo to put the price of a pint up by another 4 cent

Guinness owner Diageo is to increase the price it charges for draught beer for the second time this year.

Business • 19 Jul 23

The new production facility for Guinness 0.0 at St James's Gate has a total capacity of almost 90 million pints

Diageo invests €25m in Guinness 0.0 production

Guinness said today that the production of Guinness 0.0 will increase by almost 300% after an investment of €25m in a new facility at the St James's Gate brewery in Dublin to meet growing domestic and global demand for the non-alcoholic stout.

Business • 03 Jul 23

Sean 'Diddy' Combs launched legal action against Diageo and accused it of racism (file image)

Diageo ends business relations with Sean 'Diddy' Combs

Spirits giant Diageo has confirmed it is ending its relationship with Sean "Diddy" Combs, after the US rapper launched legal action against the UK-based firm and accused it of racism.

Business • 28 Jun 23

Ivan Menezes, the CEO of Diageo, has died after a brief illness

Diageo CEO Ivan Menezes passes away after brief illness

Diageo said today that long-time boss Ivan Menezes, who held the CEO role at the world's biggest spirits company for 10 years, had died after a brief illness.

Business • 07 Jun 23

The appointment makes Debra Crew one of only a handful of women to lead a company in Britain's blue-chip FTSE 100 index

Diageo CEO Menezes in hospital, Crew takes on role

Guinness owner Diageo, the world's biggest spirits company, has said that CEO-designate Debra Crew will assume the top role on an interim basis immediately as Ivan Menezes undergoes medical treatment.

Business • 06 Jun 23

A decision is due to be made by An Bord Pleanála in August

Sole objector stalls Diageo Kildare brewery plan

Brewing giant Diageo's plans for a new €200 million brewery on a green field site outside Newbridge are being stalled by a County Kildare man - who believes that the brewery should instead be built in Athy.

Business • 27 Apr 23

Diageo, the world's biggest spirits company, also owns Guinness

Diageo set to delist from Euronext Dublin and Paris

Guinness maker Diageo said today that it intended to submit applications for delisting its shares from Euronext Paris and Euronext Dublin.

Business • 13 Apr 23

Debra Crew is the new chief executive of Diageo

Diageo CEO Menezes to retire after a decade in the job

Guinnness owner Diageo has today appointed its chief operating officer Debra Crew as CEO to replace retiring long-time boss Ivan Menezes, becoming one of only a handful of women to lead a FTSE 100-listed company.

Business • 28 Mar 23

The company said that shipments to China ahead of the Lunar New Year partly offset lower cognac consumption in the US

Remy Cointreau's sales fall less than feared in Q3

French spirits maker Remy Cointreau has posted a smaller-than-expected drop in third-quarter sales, as steep shipments to China ahead of the Lunar New Year partly offset lower cognac consumption in the US.

Business • 27 Jan 23

Guinness owner Diageo has reported better than expected half year sales

Diageo says consumers drinking more Guinness, whisky

Guinness maker Diageo, the world's largest spirits maker, beat first-half sales forecasts today as it raised prices and more people drank premium spirits.

Business • 26 Jan 23

The company blamed rising costs for its decision.

Publicans likely to pass on Diageo price increase - VFI

An increase in the cost of draught beers supplied by Diageo will most likely have to be passed on to consumers, according to the President of the Vintners' Federation of Ireland.

Business • 10 Jan 23

An architect's image of what the new brewery will look like when completed

Diageo to build new €200m brewery in Kildare

Drinks company Diageo, which owns Guinness, is to build a new €200m brewery near Newbridge in Co Kildare.

Business • 15 Jul 22

Smirnoff vodka is one of Diageo's brands

Diageo to wind down Russia operations by year end

Guinness maker Diageo, the world's largest spirits maker, said it will wind down its business operations in Russia over the next six months, becoming the latest Western brand to withdraw from the country.

Business • 29 Jun 22

Diageo pauses exports to Ukraine and Russia

Drinks company Diageo, the maker of Smirnoff vodka and Guinness, has paused exports to Ukraine and Russia, the company said today.

Business • 03 Mar 22

Guinness owner Diageo said its operating profit rose by 22.5% to £2.7 billion in the six months to December 31

Guinness owner Diageo posts 16% rise in H1 sales

Drinks group Diageo said its first-half sales rose by nearly 16%, buoyed by high-end spirits for home use while pubs increased orders as they reopened after coronavirus lockdowns.

Business • 27 Jan 22

Guinness owner Diageo has laid out its medium-term growth plans today

Diageo sees double digit sales growth in first half

Diageo expects organic sales growth to be between 5% and 7% for fiscal 2023-2025, compared with the 4% to 6% growth during 2017-2019, the world's largest spirits maker said today.

Business • 16 Nov 21

Diageo announces $500m investment aimed at increasing its tequila production capacity in Mexico

Diageo to invest $500m in tequila production in Mexico

Drinks group Diageo, which owns Guinness, said today it will invest $500m to increase its tequila production capacity in Mexico and help it meet local and international demand for the alcoholic beverage.

Business • 01 Oct 21

Diageo said it expects organic operating margins to benefit from a further recovery in sales at restaurants and bars in North America and Europe

Diageo sees boost to margins as bars, restaurants open

Guinness and Johnnie Walker whisky maker Diageo said today that its new financial year was off to a "strong start".

Business • 30 Sep 21

Terms of the acquisition were not disclosed

Diageo buys hard seltzer brand Lone River Ranch Water

Johnnie Walker whisky maker Diageo has acquired Far West Spirits LLC, the parent company of Lone River Ranch Water, as it looks to expand in the fast-growing hard seltzer category.

Business • 08 Mar 21

Diageo said that strong demand at retail stores in the US made up for weak sales at bars and restaurants in Europe

Diageo's underlying sales growth shows surprise rise

Guinness owner Diageo has reported a surprise rise in underlying net sales growth for the first half of its year, as strong demand at retail stores in the US made up for weak sales at bars and restaurants in Europe.

Business • 28 Jan 21

Diageo said the Guinness and Baileys brands will lead the implementation of its 2030 targets in Ireland

Guinness and Baileys to become net carbon neutral

Diageo, the maker of Guinness and Baileys, has today announced a range of 25 goals in its new ten year sustainability action plan.

Business • 23 Nov 20

The Guinness non-alcoholic stout was not on sale to the public here yet

Guinness recalls non-alcoholic stout in UK

Guinness has announced a "precautionary" recall of its recently launched non-alcoholic stout in the UK amid concerns of microbiological contamination in some cans.

Business • 11 Nov 20

Guinness maker Diageo said its outlook for the first half of fiscal 2021 has improved since the end of the year

Diageo says US business ahead of expectations

Diageo, the world's largest spirits maker, said today it has made a strong start to its fiscal year 2021, with many countries easing their Covid-19 restrictions and its US business performing ahead of expectations.

Business • 28 Sep 20

Oliver Loomes (l), Managing Director of Diageo Ireland and Sean Mulryan (r), Chairman and CEO Of Ballymore

Diageo teams up with Ballymore for Guinness Quarter

Diageo has chosen Ballymore as its partner to deliver the transformation of 12.6 acres of its St James's Gate site in Dublin into one of the most dynamic urban quarters in Europe.

Business • 03 Sep 20