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DIAGEO JOB CUTS
Diageo sheds nearly 2,000 jobs as 'Drastic Dave' leads overhaulDiageo's workforce decreased over six percent year-on-year by June. This reduction occurred as the company began restructuring under its ne...- United Spirits set to cut 100 jobs to curb costs, streamline operationsUnited Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reductio...
- Johnnie Walker maker Diageo's new CEO cuts annual forecasts and dividend as he strives for a big resetDiageo's new chief Dave Lewis has lowered the company's annual forecast and dividend. This move sent its shares down, highlighting the sign...
- Opportunities waiting to be seized under India-UK FTA unparalleled: PM Keir StarmerBritish Prime Minister Keir Starmer has described the India-UK free trade agreement as an "unparalleled" opportunity for growth. Accompanie...
- How US alcohol tariffs may hurt some businesses, hike prices for AmericansAmerican consumers may soon face higher prices for their favorite alcoholic beverages due to U.S. tariffs on European goods. Scotch whisky ...
- Diageo CEO Debra Crew steps down as company pursues turnaround, cost cutsDiageo said Crew was leaving immediately by mutual agreement. It did not give further details but said it was maintaining its forecasts for...
- Global economy already feeling drag from Trump tariffsPresident Trump's tariffs are disrupting the global economy, causing businesses to cut sales targets and revise plans amid uncertainty. Maj...
- GM delays investor call, UPS axes 20,000 jobs as Trump's tariffs create corporate chaosGlobal firms are reeling from the impact of trade tensions, with approximately 40 companies withdrawing or reducing their financial outlook...
- Trump's tariffs set to drive up bar bills and cut jobsTrump's reciprocal tariffs, including a 25% levy on beer imports and higher EU alcohol duties, threaten U.S. bar menus, sales, and jobs. In...
- HSBC set to nominate AIA's Mark Tucker as next chairman: SourcesA spokeswoman for the bank, Heidi Ashley, said HSBC will nominate a chairman this year, as announced at its annual meeting.
- Apple's Tim Cook to Twitter's Dick Costolo, CEOs who took home a smaller pay for a reasonApple's Tim Cook took a 15 per cent pay cut from last year’s $8.7 mn after the company’s failure to meet its goals.
- David Cameron invokes India in anti-Brexit debateCameron has invoked increasing trade with India as part of his plea to the public to vote to remain in the EU in Thursday's crucial referen...
- What the battle between Diageo & Vijay Mallya over United Spirits means for the companyA protracted boardroom battle looms and none of the parties are likely to emerge unscathed. Mallya said he was surprised by the allegations.
- How Godfathers of CEO hiring in India Inc choose best candidate for the top jobIndian cos follow CEO hiring protocol: search firms identifying candidates, boards interviewing them and promoters weighing in, according t...
- Four women who made it to the top riding on their self-beliefIt’s still not a world where women can walk shoulder to shoulder with men without their unique set of challenges.
- Deutsche Bank prefers ITC, United Spirits in consumer spaceDeutsche Bank has reiterated ‘sell’ on Asian Paints and Nestle, but maintained 'buy' on ITC and USL. It upgraded Dabur but downgraded HUL.
- As deals dry up, investment bankers take an unkind cut in bonusInvestment bankers had to take an average 15% cut in bonuses in 2012 amid fewer transactions but not too many are complaining.
- Mallya's Whyte & Mackay to cut 85 jobs in ScotlandRecession-hit whisky major Whyte & Mackay, which was bought by Indian liquor baron Vijay Mallya in 2007, has announced plans to cut 85 jobs...
- Diageo cuts 900 jobs, closes distilleryDiageo PLC, the world's biggest spirits maker, said on Thursday it is cutting 900 jobs as it shutters a distillery and packaging plant as p...
- Deals and dropoutsHere's an international wrap of the various deals and drop outs.
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