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Diageo announces $500m cost savings programme

Diageo announces $500m cost savings programme

Diageo has revealed plans to implement a $500m cost savings programme over three years, to enable reinvestment in future growth and ‘improved operating leverage’.

UK government cuts import tariffs on food items

UK government cuts import tariffs on food items

In a bid to support economic growth and lower costs for consumers, the UK government has suspended import tariffs on dozens of ingredients and food items until 2027.

F&B industry prepares for further disruption following Trump's new global tariff plan

F&B industry prepares for further disruption following Trump's new global tariff plan

US president Donald Trump has announced a new set of tariffs on all countries that export products into the US.

EU prepares for price increases as US trade war escalates

EU prepares for price increases as US trade war escalates

US President Donald Trump has threatened a 200% tariff on any alcohol coming to the US from the European Union

Trump announces further changes to Canada and Mexico tariffs

Trump announces further changes to Canada and Mexico tariffs

US president Donald Trump has suspended tariffs on imports from Canada and Mexico that are covered by the USMCA trade deal.

Trump confirms tariffs on imports from Mexico and Canada, adds an additional 10% to China

Trump confirms tariffs on imports from Mexico and Canada, adds an additional 10% to China

F&B giants such as Mondelez International and Diageo have already warned of the potential impact and uncertainty caused by the tariffs.

Diageo removes medium-term guidance amid US tariff concerns

Diageo removes medium-term guidance amid US tariff concerns

In its 2025 interim results announcement, Diageo scrapped its medium-term guidance due to macroeconomic and geopolitical uncertainty.

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