Tag: DGE.LN

Guinness Maker’s Morning After Offers Little Reassurance
Money

Guinness Maker’s Morning After Offers Little Reassurance

Global liquor giant Diageo is reeling from the sudden death of its longtime chief executive in June followed by a profit warning last week that tanked the stock. But its real problem is more fundamental: the slow pace of sales in North America after an initial, post-Covid surge. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Diageo Shares Tumble After Guidance Cut
World

Diageo Shares Tumble After Guidance Cut

Diageo shares had their worst one-day fall in more than three years after the liquor maker cut its guidance for both the short and medium term.Shares at 0822 GMT were down 306 pence, or 9.4%, to 2,940 pence.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8