Diageo gets a shot in the arm from tequila; COVID-19 not good for Guinness August 5, 2020 Diageo reported a 23.6% year over year drop in fiscal H2’20 revenues which were also 6.4% worse than analysts’ expectations. The drop in “on trade” demand linked to the COVID-19 closures of bars around the world was the biggest drag. A 45.1% year over year drop in U.S. seaborne imports of beer... Read more →
Brexit Watch: Diageo, Pernod could make best of a bad deal with Irish shipping shift June 2, 2020 Negotiations between the EU and U.K. to secure a trade deal for 2021 and beyond this week are unlikely to yield much progress. The positions of the two sides are entrenched regarding the style of deal wanted: the EU wants a full deal per last year’s Political Declaration; the U.K. wants a narr... Read more →
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