Diageo Plc’s sales unexpectedly rose as growth in Africa and Latin America was enough to offset significant weakness in the US.

President Trump vowed to maintain a naval blockade on Iran and was briefed by commanders on further military options. The yen resumed its advance in late trading in Tokyo after an earlier pause in the rally triggered by Japan’s first intervention in the currency market since 2024. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

Diageo Plc’s shares slumped the most on record after new Chief Executive Officer Dave Lewis set out the scale of turnaround needed at the British distiller.

A Kenyan contractor filed a fresh case against Diageo Plc, asking a court to block its proposed sale of East African assets to Asahi Group Holdings Plc until a separate matter is resolved.

Diageo Plc is considering options for its Chinese assets, including potential divestments, people familiar with the matter said, as the maker of Guinness and Johnnie Walker seeks to streamline its portfolio.

Shares of Asahi Group Holdings Ltd. fell the most in over a year, amid concerns that its $2.3 billion deal for a majority stake in East African Breweries Ltd. was overpriced and may postpone the Japanese company’s share buyback.

Diageo Plc agreed to sell its majority stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. in a $2.3 billion deal as the struggling UK distiller streamlines operations to speed its turnaround.