Diageo shares bounce back as new CEO Dave Lewis lifts spirits with $1bn savings plan | TheBriefWire
Diageo shares bounce back as new CEO Dave Lewis lifts spirits with $1bn savings plan
Published 6 August 2026 Ā· finance
E Tesco boss known as āDrastic Daveā for his cost-cutting zeal pledges more of the same at flagging Guinness owner Shares in Diageo have bounced
E Tesco boss known as āDrastic Daveā for his cost-cutting zeal pledges more of the same at flagging Guinness owner Shares in Diageo have bounced after the Guinness ownerās chief executive, āDrastic Daveā Lewis, passed the first big test of his plan to revive the flagging fortunes of the UK-based drinks company. Lewis, a former Tesco boss known in the City for his cost-cutting zeal, promised to deliver $1bn of savings over two years through a āsignificantā restructuring aimed at making the company more agile. Continue reading...
Published: August 6, 2026 ā¢ 4:26 PM IST Ā· Updated: August 6, 2026 ā¢ 5:10 PM ISTBy TheBriefWire Editorial Team
Key points
E Tesco boss known as āDrastic Daveā for his cost-cutting zeal pledges more of the same at flagging Guinness owner Shares in Diageo have bounced after the Guinness ownerās chief executive, āDrastic Daveā Lewis, passed the first big test of his plan to revive the flagging fortunes of the UK-based drinks company.
Lewis, a former Tesco boss known in the City for his cost-cutting zeal, promised to deliver $1bn of savings over two years through a āsignificantā restructuring aimed at making the company more agile.
The BriefWire