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Diageo Shares Plunge Most In Two Years On Weaker Guidance, Dividend Cut
Diageo Shares Plunge Most In Two Years On Weaker Guidance, Dividend Cut
Shares of Diageo Plc fell the most in 2 years after the maker of Guinness beer and Johnnie Walker whiskey cut its guidance for the second time this fiscal year amid soft demand in the US and China markets. The move marks an early challenge for new CEO Dave Lewis.
The British distiller now expects organic net sales to decline by 2% to 3% this fiscal year, down from previous guidance of flat to slightly down, and said it...
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Jun 8, 2026 / Tyler Durden
Campbell's CEO Serves Up Warning For Restaurants As "Resilient" At-Home Cooking Trend Gains Steam
Campbell's CEO Serves Up Warning For Restaurants As "Resilient" At-Home Cooking Trend Gains Steam
There is not much to get excited about in canned-soup maker Campbell's third-quarter results, with sales slumping and softness in its snack unit weighing on performance. But one revealing detail from management's earnings call earlier on Monday offers a broader read-through on the consumer: households may be spending much more time cooking at home and pulling back from restaurants in the second half of the year.
The canned-soup maker reaffirmed its full-year outlook, but Wall Street analysts...
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Apr 12, 2026 / Dave DeCamp
Joe Kent Says Demand for Zero Iranian Nuclear Enrichment Is a ‘Poison Pill’ That Killed Pakistan Talks
Joe Kent, the former head of the National Counterterrorism Center, who resigned in opposition to the war with Iran, said on Sunday that the demand for Iran to give up all nuclear enrichment was a “poison pill” that appeared to be responsible for the lack of a deal after US-Iran talks in Pakistan. “It appears […]
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May 8, 2026 / Tyler Durden
Another Wall Street Giant Is Plotting Its Escape From Mamdani's New York City: Report
Another Wall Street Giant Is Plotting Its Escape From Mamdani's New York City: Report
It looks like Citadel isn’t the only Wall Street giant looking for the exits as New York City Mayor Zohran Mamdani (D) continues his commie Robinhood thing on the city’s richest.
Fox Business Network’s Charles Gasparino reported Wednesday that the Manhattan-headquartered private equity giant Apollo is preparing to establish what insiders describe as a “second headquarters” in either Florida or Texas. A formal announcement on the location is expected within weeks.
The move would build on Apollo’s earlier...
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