Diageo cuts sales and profit forecast on lower US and China demand
Guinness maker’s struggles come as company continues search for new chief executive
Guinness maker’s struggles come as company continues search for new chief executive

Profits at maker of Guinness and Johnnie Walker fall by almost 30 per cent amid downturn in alcohol sales

Strong quarterly trading in Latin America helps FTSE 100 group beat forecasts despite US spirits slump

Outgoing GSK boss Emma Walmsley among candidates previously considered by drinks group

Prices of Moutai’s baijiu hit decade low and revenues notch slowest growth since 2016 as consumers pull back

Drinks maker’s new focus on fast-growing ‘ready to drink’ beverages marks shift in strategy

Consumer businesses under pressure from weaker economic backdrop and intense competition