Juan Beckmann in shares move for Diageo

Juan Beckmann could become the biggest shareholder in drinks group Diageo under a proposal to sell his Jose Cuervo tequila business in return for shares.

Diageo targets £230m push at African sales

DRINKS giant Diageo will invest £230 million in expanding its capacity in Nigeria this year as sales across the African continent have doubled to £1.3 billion in the past five years.

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Terry Murden: Diageo begins the long haul back to public acceptance

Two years after its decision to close facilities in Kilmarnock and Glasgow, there is still some lingering bitterness towards multinational whisky producer Diageo, and for understandable reasons.

Diageo eyes move for tequila giant

The world's biggest spirits maker, Diageo is understood to be considering a $2 billion (£1.2bn) bid for tequila brand Jose Cuervo as consolidation within the global drinks sector intensifies.

Polish vodka firm targeted by Diageo

Drinks giant Diageo looks set to swallow one of Poland's largest vodka companies as it continues its acquisitions spree into emerging markets.

Diageo severs ties to drink awareness body in row over smoking

DRINKS giant Diageo has cut its ties with Scotland's most prominent alcohol awareness charity over controversial moves by the campaigning group to link the impact of alcohol to that of smoking.

Diageo's Turkish delight at raki swoop

DRINKS giant Diageo unveiled a step-change in its Turkish business yesterday by splashing out £1.3 billion on raki spirits maker Mey Icki to again tap the growing middle class in emerging markets.

Pernod raises a glass to Scotch as it leads giant's growth spurt

Scotch whiskies ranked among the top-performers at Pernod Ricard which yesterday posted a 14 per cent rise in profits amid renewed speculation that it is in a tussle with Diageo to acquire some of the Fortune Brands portfolio.

Diageo ready to spend billions in battle for new markets

SPIRITS giant Diageo revealed yesterday it had a warchest of "many billions of pounds" for potential takeovers, as it also warned of costcutting in bombed-out markets such as Ireland, Greece, and Spain.

Diageo hoards cash to acquire top brands

DIAGEO, the world's biggest spirits company, is likely to disappoint investors this week by putting share buybacks on ice as it hoards a war chest for potential blue-chip brand acquisitions.

Diageo wins 'confusing' Vodkat case

Johnnie Walker-maker Diageo has settled a two-year dispute with a rival firm over the name of a "confusing" vodka-based drink.

Tax beers and wine more heavily, whisky giant Diageo tells Treasury

DRINKS giant Diageo has demanded an overhaul of the tax system for alcohol which would see hikes in duty for wine, beer and cider.

Diageo to lift earnings despite tough US and European markets

TOUGH markets in North America and Europe have failed to dent Diageo's profits progress, the world's biggest spirits group is expected to reveal this week alongside news as to whether it has beefed up a marketing budget that was slashed in the recession.

'Silver sozzlers' raise their glasses to the pension plan you can drink

THIRSTY senior citizens or silver sozzlers, as they are sometimes known, have been known to blow their pensions on drink.

Rok gets work rolling at Diageo bottling hall

GROUNDWORK has started on the expansion of facilities at Leven, in Fife, that will lead to the closure of Diageo plants in Kilmarnock and Glasgow.

Diageo chief grilled over Johnny Walker plant closure

MSPs have today quizzed the Scottish directors of alcohol producer Diageo over plans to cut 900 jobs and raised questions over the company's £400m advertising budget.

MSPs to quiz Diageo chief

THE head of drinks giant Diageo is to appear before MSPs after the firm's decision to axe 900 jobs last year.

Booze bosses face job cuts inquiry

THE LEADERS of drinks company Diageo are to face questions over the firm's decision to shed 900 staff in Scotland.

Diageo targets Asia market rival with bid for China spirits firm

SPIRITS giant Diageo aims to make inroads into the Asian market share of arch-rival Pernod Ricard following its £610 million bid for a Chinese white spirits maker unveiled last week.

Diageo hit by downturn as drinkers cut back on firm's luxury brands

SCOTLAND's biggest distiller has revealed that drinkers cutting back on luxury brands in the downturn had hit its half-year profits, but that the UK had outperformed tougher markets.

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