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Can 'drastic Dave' revive dispirited company's fortunes?

The Guardian

|

November 11, 2025

On landing a new job, nothing puts a spring in the step like knowing that news of your appointment has inflated the stock market value of your employer by more than £2bn. Dave Lewis could be forgiven for keeping that figure front of mind as he faces up to the challenge of reviving Diageo.

- Analysis Rob Davies

The London-based alcoholic drinks business runs a sprawling global empire upon which the sun never sets but whose glory has been on the wane. News that it had not only ended an uncomfortably long four-month recruitment drive but sent for the man widely credited with saving Tesco boosted the misfiring booze firm's shares by as much as 7% yesterday.

When Lewis formally starts work on 1 January, many customers will be recovering from overindulgence in Diageo brands such as Johnnie Walker and Guinness. For the highly regarded executive, the list of new year resolutions is daunting.

Earlier this month, the Motley Fool investment website asked if it was "game over" for investing in Diageo, one of the FTSE 100's traditional "defensive" stocks, the City term for safe bets that are resilient to economic downturns.

MEER VERHALEN VAN The Guardian

The Guardian

The Guardian

PM rebukes Trump amid anger at Nato troop 'insult'

Keir Starmerissued an unprecedented rebuke to Donald Trump yesterday for his \"insulting and frankly appalling\" remarks about British and other Nato troops in Afghanistan, and suggested he should apologise.

time to read

5 mins

January 24, 2026

The Guardian

SpaceX lines up Wall Street banks ahead of huge listing

SpaceX is reportedly lining up four Wall Street banks to help the company list on the stock market as investors prepare for an expected rush of US tech listings.

time to read

1 mins

January 24, 2026

The Guardian

The Guardian

Led Zeppelin Hit film charts early years with a whole lotta love

Bare-chested swagger, out of control hair, thunderous guitars - the heroes of 1970s rock are back, and burning up the box office.

time to read

3 mins

January 24, 2026

The Guardian

The Guardian

Child of fear

Could image of five-year-old in ICE hands turn shock to rage?

time to read

3 mins

January 24, 2026

The Guardian

Davos Billionaire's trust paid Farage bill

Nigel Farage’s trip to Davos this week was hosted and paid for by the $10bn family trust of an Iranian-born billionaire, the Guardian has learned.

time to read

1 mins

January 24, 2026

The Guardian

The Guardian

Berlin Israeli and Palestinian restaurant to close - but live on as TV series

An Israeli-Palestinian restaurant in Berlin conceived as an “island of peace” will close in the spring, but its Jewish and Arab owners say their dream will live oninanew TV series based on their unlikely partnership.

time to read

1 mins

January 24, 2026

The Guardian

Put north of England at heart of net zero strategy, Reeves urged

Rachel Reeves has been urged to put the north of England at the heart of Britain’s net zero strategy as research shows clean energy plays an outsized role in the region’s economy.

time to read

1 min

January 24, 2026

The Guardian

Spain train crash investigators examine rail damage theory

Experts investigating the rail collision in southern Spain this week, which killed 45 people and left dozens more injured, believe that the accident may have happened after one of the trains passed over a damaged section of rail.

time to read

1 min

January 24, 2026

The Guardian

The Guardian

'I need change'

Young Ugandans losing faith after 'rigged' election

time to read

4 mins

January 24, 2026

The Guardian

ADHD 'Right to choose' diagnosis leaves patients fighting for NHS care

Sameer Modha knows the ADHD system all too well.

time to read

3 mins

January 24, 2026

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