Diageo shareholders were toasting chief executive Ivan Menezes after he said they can expect to receive billions of pounds in share buybacks or special dividends. The Smirnoff, Johnnie Walker and Guinness producer announced that organic profit should grow by at least 14% in the year to 30 June.

Diageo stock increased by 4% this morning after it announced an improved profit growth forecast for the 2021 fiscal year.

The board of Foster’s Group has recommended to its shareholders that an improved takeover offer by SABMiller is accepted.

Heineken has proposed that Charlotte Kwist replaces her uncle Dirk Pieter Hoyer as a director of Heineken Holdings.

Foster’s Group has announced a proposal to demerge Treasury Wine Estates at a cost of AU$151m.

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Nick Strangeway

How the industry has changed since travel limits

Nick Strangeway looks at how travel restrictions have left a permanent impression on the global bar trade.

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