Diageo has suspended share buybacks for the rest of the year as a result of financial uncertainty sparked by the coronavirus outbreak.

United Spirits has appointed Sanjeev Churiwala as its chief financial officer. 

Diageo and its subsidiary in India, United Spirits (USL), has announced phase II of the Young Women Social Entrepreneurship Development Programme in India.

There are unconfirmed rumours that a private equity firm is about to bid for Diageo, the world’s largest premium drinks company.

Diageo has completed its tender offer for a further 26% share in United Spirits. 

The Philippines-based Alliance Global Group drinks group which owns the Emperador brand, has bought Whyte & Mackay US$726 million, including debt, according to unconfirmed reports.

Diageo’s purchase of Indian drinks group United Spirits once again puts the spotlight on a true sleeping giant. Dominic Roskrow on a divided sector

United Spirits board of directors has appointed former Diageo CEO, Paul Walsh, as an additional director of the company with immediate effect.

Diageo has announced an agreement to buy a 50% interest in the company which owns United National Breweries’ traditional sorghum beer business inSouth Africa.

Diageo has announced shareholders of United Spirits Limited have approved the preferential allotment to Diageo, at a price of INR1440 per share, of new shares amounting to 10% of the post-issue enlarged share capital of USL.

Diageo plc, United Breweries (Holdings) Limited and United Spirits Limited have announced agreements under which Diageo would acquire a 27.4% stake in USL, the leading spirits company in India.

Drinks giants Diageo and United Spirits have confirmed they are in talks over Diageo acquiring a stake in United Spirits.

The 2010 Drinks International Millionaires research has been compiled. Based on sales volumes for 2009, this year saw a record number of brands on the list – 162.