Diageo is nearing a deal with Jose Cuervo that would give the British liquor company full ownership of Don Julio tequila in exchange for its Bushmills Irish whiskey label, the Wall Street Journal reported over the weekend.

Incoming Diageo CEO Ivan Menezes, the latest Indian-born businessman to head a global multinational, is likely to continue the strategy of his predecessor by focusing on growth in emerging markets, writes John Daly

Guinness brewer Diageo is leading the race into emerging markets as it serves drinkers from Moscow to Mumbai.

Guinness firm Diageo has unveiled a €375m deal that will see it acquire a leading brand of Brazil’s national drink.

The London market sank into the red today after the United Nations said Iran had failed to suspend its nuclear fuel programme before the deadline.

DIAGEO, owners of Guinness and Baileys, struggled in the first half of its financial year.