Welcome to our dedicated page for Diageo news (Ticker: DGEAF), a resource for investors and traders seeking the latest updates and insights on Diageo stock.
Diageo PLC ORD (DGEAF) news reflects the activities of Diageo plc, a global beverage alcohol company whose brands span spirits and beer. Company announcements and SEC Form 6-K filings highlight developments across its portfolio, capital structure, regional performance and leadership, providing context for investors following DGEAF-related headlines.
Recent news includes Diageo’s agreement to sell its 65% shareholding in East African Breweries plc and its shareholding in the Kenyan spirits business UDVK to Asahi Group Holdings, Ltd. The company has stated that this disposal aligns with a strategy of selective divestment of non-core assets and that it will enter into long-term licensing and transitional service agreements with EABL to support continued production and distribution of Guinness, local spirits, ready-to-drink brands and Diageo international spirits in East Africa.
Other coverage focuses on trading updates and financial guidance. In its fiscal 26 first-quarter trading statement, Diageo reported flat organic net sales growth, with regional commentary for North America, Europe, Asia Pacific, Latin America and Caribbean, and Africa. The company discussed its Accelerate programme, which aims to create a more agile operating model, drive cost efficiencies and support its leverage and free cash flow objectives.
Governance and leadership changes are also a regular feature of Diageo news. The Board has announced the appointment of Sir Dave Lewis as Chief Executive Officer and Executive Director, effective 1 January 2026, following a succession process. Director and PDMR shareholding updates, dividend announcements and bond issuance disclosures appear in RNS releases and are furnished to the SEC, giving readers insight into insider activity, capital returns and funding decisions. Investors tracking DGEAF can use this news feed to monitor these corporate events and regional performance updates over time.
Diageo (NYSE:DEO) has agreed to sell its 65% holding in East African Breweries plc (EABL) and its 53.68% direct stake in UDVK to Asahi for estimated net proceeds after tax and transaction costs of $2.3bn. The deal implies an enterprise value for 100% of EABL of $4.8bn (c.17x adjusted EBITDA) and will de-lever Diageo by c.0.25x. Completion is subject to regulatory approvals and is expected in H2 2026. Diageo will enter long-term licensing and transitional service agreements to secure continued production and distribution of Guinness, selected spirits and ready-to-drink brands in East Africa. Fiscal year ended 30 June 2025 EABL metrics: $996m net sales, $258m EBITDA, $94m net income, and $229m net debt.
Diageo (NYSE:DEO) appointed Sir Dave Lewis as Chief Executive Officer and Executive Director, effective 1 January 2026. The Board said the unanimous appointment followed a global search and praised Lewis's leadership at Tesco (Group CEO 2014–2020) and long Unilever career. Lewis will step down as Chair of Haleon on 31 December 2025.
Remuneration disclosed: an annual salary of GBP 1,500,000, a pension contribution of 14% of base salary, and participation in Diageo's incentive and long‑term plans; full details will appear in the Directors' Remuneration Report for year ending 30 June 2026. Nik Jhangiani stays as Interim CEO until end‑December 2025 and will then resume the CFO role.
Diageo (NYSE:DEO) reported Q1 FY26 reported net sales $4,875m, down 2.2% year‑over‑year, with organic net sales flat. Organic volume rose 2.9% while price/mix fell 2.8%. Management estimates weaker Chinese white spirits reduced group net sales by ~2.5% in the quarter and cited a softer US consumer environment.
The company reaffirmed its Accelerate cost programme delivering ~$625m savings over three years, expects c.$3bn free cash flow in FY26, capex $1.2–1.3bn, and targets returning to 2.5–3.0x leverage by no later than FY28. Organic operating profit is expected to be low‑ to mid‑single digit.
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