Diageo’s overall revenue fell flat in the first half, with the continued slowdown in China, Russia and North America hampering its efforts to return to growth.
Diageo has warned suppliers that it will in future take three months to pay its bills, increasing its payment contract from 60 to 90 days.
Diageo is sponsoring a gathering hosted by Prince Andrew in Switzerland this week, where he is expected to comment on the child sex allegations made against him.
United Sprits’ shareholders have voted in favour of an agreement that will see the company manufacture some of Diageo’s key international brands in the Indian Subcontinent.
Diageo has relaunched its Gordon’s gin brand with a contemporary TV ad as part of a £2 million marketing campaign.
Diageo has launched an investigation after a dead spider was found floating inside a bottle of Smirnoff vodka.
India’s biggest spirits group United Spirits is to try again for shareholder approval to produce and market Diageo brands in the subcontinent.
A Texas court has ruled in favour of Diageo and against a Canadian whiskey rival in a trademark lawsuit over its Crown Royal brand.
The one certainty about 2015 is that a drive by drinks companies to expand into emerging countries will continue.
Drinks giant Diageo has hit back at critics of its F1 sponsorship, insisting that it presents an “extraordinary opportunity” to promote safe drinking.
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