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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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Aug 14, 2026 / Tyler Durden
Energy Drinks Overtake Coffee As Gen Z's Primary Caffeine Source
Energy Drinks Overtake Coffee As Gen Z's Primary Caffeine Source Filippo Falorni, Citi’s lead US equity-research analyst covering beverages and household and personal-care companies, published his latest survey of 2,400 US energy-drink consumers, revealing a significant generational shift in caffeine consumption. Energy drinks, led by category giants Red Bull, Monster, and others, have overtaken coffee as the primary caffeine source among Gen Z consumers. In other words, younger Americans are increasingly abandoning the morning cup of coffee, even as Millennials, Gen Xers, and Baby Boomers continue to rely on it...
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May 8, 2026 / Tyler Durden
Chapter 11 Bankruptcy Filings Increase 42%
Chapter 11 Bankruptcy Filings Increase 42% Authored by Naveen Athrappully via The Epoch Times, There were 644 commercial Chapter 11 bankruptcy filings in April 2026, a 42 percent yearly increase, according to a May 6 statement from the American Bankruptcy Institute (ABI). A Chapter 11 bankruptcy seeks to reorganize a company’s debts, with the aim of keeping the business operational and, eventually, becoming solvent. This is the most common type of bankruptcy filing made by businesses. Within the 644 commercial Chapter 11 filings last month, 301 were made by small businesses, up 46...
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