Former Tesco chief executive Sir Dave Lewis, who took the helm in January, said there was ‘significant work ahead’ in turning ...

A “very significant” squeeze on disposable income is forcing Britons to cut back on drinking, the maker of Guinness has warned. Diageo, which is one of Britain’s biggest pub suppliers, said the ...

Diageo shares fell after the Guinness maker cut its guidance for the year on weakness in the U.S. and slashed its dividend to help fund the turnaround plan of Chief Executive Officer Dave Lewis.