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Diageo PLC (LSE:DGE) shares got a boost after naming Sir Dave Lewis as its next chief executive, with Citi analysts backing the appointment of a "well-known and well-respected executive in the consumer good industry". Analysts at the bank said the news deserved to be taken well, but that upside for the shares was likely to be capped, due to "debates around potential changes to future strategy, ...

Diageo's incoming CEO Dave Lewis, known in financial circles as “Drastic Dave” for his sweeping turnaround of businesses, will put his reputation as a cost-cutter to the test when he joins the world's largest spirits maker in January with the challenge of lowering its debt and reigniting sales.

Diageo remains a value trap, with persistent core issues and an unattractive risk/reward setup despite a prolonged bear market. Q1 2026 results disappointed again, showing flat organic sales, surprisingly weak pricing dynamics, and underperformance in the key markets China and the U.S. Management's cost-cutting and cash flow targets offer some positives, but their potential has limits while DEO...

UK stocks jumped 1% on Monday, echoing an upbeat mood across global markets on signs that a historic U.S. government shutdown could be nearing its end, while Diageo surged after it appointed a former Tesco boss as its CEO.

Diageo PLC (LSE:DGE) shares frothed 7.1% higher to 1,849p after the Guinness maker appointed former Tesco boss Sir Dave Lewis as chief executive officer, starting in January. Lewis, who led the grocery group from 2014 to 2020, also brings three decades of experience at Unilever.

Diageo has appointed Dave Lewis as chief executive officer, after the beverage company parted ways with its former CEO Debra Crew in July.

Diageo PLC (LSE:DGE) has appointed former Tesco boss Sir Dave Lewis as chief executive officer, starting in January. Lewis, who led the grocery group from 2014 to 2020, also brings three decades of experience at Unilever.