A British company that makes and sells the drinks behind many famous brand names, including Guinness stout, Johnnie Walker whisky, Smirnoff vodka, Baileys liqueur, Tanqueray gin, and Captain Morgan rum. It was created in 1997 when two giants—Guinness and Grand Metropolitan—merged, and the name "Diageo" was invented by a branding firm from Latin and Greek words meaning "day" and "world," to suggest its products are enjoyed every day, everywhere.
Diageo appoints R. Alexandra Keith as Non-Executive Director, effective 5 November 2026
Diageo announced the appointment of R. Alexandra ('Alex') Keith as a Non-Executive Director, subject to shareholder approval at the Annual General Meeting.
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Keith most recently served as CEO of Procter & Gamble's Beauty business, with over 35 years of international consumer goods experience.
She has been a non-executive director of Thermo Fisher Scientific Inc. since 2020.
If approved, she will join the Board on 5 November 2026 and become a member of the Remuneration and Nomination Committees from the same date.
Diageo confirmed no further details are required to be disclosed under Listing Rule 6.4.8 regarding this appointment.
Diageo reports FY26 net sales down 3.0% to $19.6bn, operating profit down 27.2%
Reported net sales declined 3.0% to $19,643 million; organic net sales fell 2.0% due to weakness in North America and Asia Pacific.
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Reported operating profit dropped 27.2% to $3,156 million, hit by $0.9bn restructuring and $1.5bn impairment charges; adjusted operating profit rose 2.0%.
Free cash flow increased to $3,211 million; net debt stood at $20.5 billion with leverage of 3.1x adjusted EBITDA.
Recommended full-year dividend of 50 cents per share, down from 103.48 cents, under new policy announced 25 February 2026.
Two-year restructuring programme underway, expected to deliver c.$850 million savings starting fiscal 27; EABL sale on track for H2 2026.
Diageo hosts Capital Markets Day, unveils $1B savings plan and FY27 guidance
Diageo expects c.$1 billion in savings over the next three years from operating framework redesign (c.$850 million) and supply chain initiatives (c.$150 million).
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Restructuring costs will total c.$1.2 billion, with c.$752 million already incurred in fiscal 26.
For fiscal 27, Diageo guides to broadly flat organic net sales growth, low-to-mid single-digit organic operating profit growth, and free cash flow of c.$2 billion.
Medium-term guidance (FY27-FY29) includes low-single-digit organic net sales CAGR, mid-single-digit organic operating profit growth, and cumulative free cash flow of c.$8 billion.
CEO Sir Dave Lewis emphasized progress on turnaround and confidence in returning Diageo to consistent shareholder value creation.
Diageo reports total voting rights and director/PDMR share transactions for July 2026
As of 30 June 2026, Diageo had 2,432,397,125 ordinary shares issued, with 205,812,357 held in treasury, resulting in 2,226,584,768 total voting rights.
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Diageo identified 28,355 ordinary shares (about 0.002% of issued capital) purportedly issued in 1997 as null and void, and is rectifying its share register.
Chair Sir John Manzoni received 31 shares at £15.29 under a dividend reinvestment plan on 8 June 2026, and purchased 436 shares at £15.03 on 10 July 2026.
Several executive committee members and the CFO purchased partnership shares and received matching shares under the Diageo 2001 Share Incentive Plan on 10 July 2026.
On 17 July 2026, executive committee members Hannah Brooks and John O'Keeffe purchased shares under the One World Share Incentive Plan, receiving 50% matching shares.
Diageo reports total voting rights of 2,226,599,988 as of 31 May 2026
Diageo's issued capital as of 31 May 2026 comprised 2,432,425,480 ordinary shares, with 205,825,492 held in treasury.
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Total voting rights in the company were 2,226,599,988, usable as the denominator for shareholder notifications.
Chair Sir John Manzoni purchased 441 ordinary shares at £14.88 each on 10 June 2026 under an arrangement with the company.
Several Executive Committee members and the CFO acquired partnership and matching shares under the Diageo 2001 Share Incentive Plan on 10 June 2026.
PDMRs received shares via Dividend Reinvestment Plans in respect of the interim dividend paid on 4 June 2026, at prices around £15.28 or $81.06 per ADS.