News for Diageo plc (DGED.L)

Deputy CM DK Shivakumar dismissed speculation about purchasing the RCB franchise, citing his lack of interest and time. Despite being a member of the Karnataka Cricket Association, he clarified that he has received offers but is not pursuing them.

RCB Stake Sale: Diageo Plc explores options for its ownership of the Royal Challengers Bengaluru cricket team, including potential sale amidst changing regulations on alcohol promotion in sports. The franchise recently won its first IPL title.

Buyer of Royal Challengers Bengaluru's stake might not be from the alcobev industry, according to Karan Taurani from Elara Capitals.

United Spirits Ltd. on Tuesday said reports on potential stake sale in IPL franchise Royal Challengers Bengaluru are "speculative in nature" and denied any such proposal.

Diageo Plc is considering options for its ownership of the Indian Premier League cricket franchise Royal Challengers Bengaluru, according to people familiar with the matter.

Diageo Plc. is considering options for its ownership of the Indian Premier League cricket franchise Royal Challengers Bengaluru, according to people familiar with the matter. The British distiller has been holding discussions with potential advisers as it weighs possibilities including a sale of part or all of the club, the people said. Diageo owns the team through its Indian unit, United Spirits Ltd., and may seek a valuation of as much as $2 billion, the people said.

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Earlier this month, India and the UK finalized the FTA, agreeing to reduce the 150% import duty on scotch whisky and gin to 75% initially, with a further decrease to 40% over the subsequent decade.

Barclays has revised its price target for Diageo (DEO), moving it from 2,580 GBp down to 2,490 GBp. Despite this adjustment, the firm maintains an Overweight ra

India Business News: Diageo Plc anticipates reducing Scotch whisky prices in India following the India-UK FTA, potentially benefiting consumers in the world's largest whis

Diageo plans to reduce liquor prices in India by a high single-digit percentage following the India-UK FTA, anticipating full implementation by fiscal year 2027. This move aims to boost growth in the Indian market, the company's largest by volume.

Diageo plc (NYSE:DEO) shares are trading lower on Monday after the company reported a third-quarter fiscal 2025 trading update that showed steady growth in organic net sales and progress on its operational transformation efforts. The maker of Smirnoff and Guinness posted $4.4 billion in net sales for the quarter ended March 31, marking a 2.9% increase year-over-year. Organic net sales rose 5.9%, driven by stronger pricing and shipment volumes. The company’s performance in the third quarter benef

Diageo plc (DEO) initiates a $500 million cost-cutting strategy to offset U.S. tariffs. Analysts forecast a potential 6.48% upside for DEO stock with an

Diageo, the world's largest spirit maker, released their fiscal 25 quarter three earnings on Monday, discussing the impact of President Trump tariffs.

Diageo (DEO) has unveiled the first phase of its Accelerate programme, focusing on enhancing cash flow and optimizing operational efficiency. This strategic ini

Diageo (DEO) has announced a 2.9% increase in net sales for the third quarter, reaching $4.4 billion. This growth was driven by a 5.9% rise in organic net sales

Diageo plc (DEO) has announced its expectations for continued positive operating leverage, with organic profit growth projected to outpace organic net sales gro

Diageo PLC (DEO) has projected an increase in growth rates for the third quarter of its fiscal year 2025, attributing the surge primarily to scheduling factors.