Business news live: Troubled Guinness maker appoints new CEO and the job type AI threatens most in 2026
Diageo’s new CEO: Former Tesco chief to start in January
We start with the news one of the big hitters from the FTSE 100 has finally named a new chief executive.
Diageo, the maker of Guinness, Johnnie Walker whisky and Ciroc vodka, has seen its share price drop almost a third, 32 per cent, year to date and last week issued a profit warning.
Sir Dave Lewis is the new CEO, a former leader of Tesco for six years who also spent decades at Unilever. He has been chair at Haleon, but will step down from that role to start at Diageo on 1 January 2026.
Previous chief executive Debra Crew stepped down in July and the drinks maker has been criticised by some investors for being slow in finding a replacement.
“Lewis brings deep experience in consumer brands from his time leading Tesco and decades at Unilever, though he lacks direct exposure to the spirits industry. Investors may welcome his strong marketing pedigree, but any major strategic reset will take time, leaving near-term focus on navigating tough trading conditions,” said Matt Britzman, a senior equity analyst at Hargreaves Lansdown.
Karl Matchett10 November 2025 08:16
Business and Money – live: 10 November
Morning all – another week starts, another bunch of people fearing that the Budget is going to leave them worse off.
We’ll bring you the latest money matters around what the chancellor might or might not do, how you can continue to look after your own household finances and where the best places are for your savings to be right now.
As ever, we’ll also have the top business news, stock market movements and more.
Karl Matchett10 November 2025 08:01
