Astral Tequila Becomes the Official Tequila Partner of Practical Magic 2's Iconic Midnight Margarita, Bringing the Celebration to Life with an Original Social Microdrama Starring Brooks and Grace Ann Nader

Ahead of the highly anticipated sequel's release on September 10, Astral Tequila invites fans to gather their coven, blend up the Astral Midnight Margarita, and celebrate sisterhood with the next chapter of the beloved classic. As the official tequila of Practical Magic 2, Astral Tequila invites fans 21+ to stir up a little magic with the Astral Midnight Margarita—the spellbinding cocktail inspired by the film's most iconic scene, perfect for sharing with your coven.

PRNewsWire • Aug 26, 2026

Diageo backed by RBC as turnaround plan points to improving returns

Diageo PLC (LSE:DGE) has retained an 'Outperform' rating from RBC Capital Markets, with the broker maintaining its £20 price target as it backed chief executive Sir Dave Lewis's turnaround strategy. RBC said the plan unveiled at Diageo's August 6 Capital Markets Day was credible despite uncertainty surrounding the global spirits market.

Proactive Investors • Aug 24, 2026

Jefferies sees 'real change' at Diageo as annual report signals turnaround focus

Jefferies has held its 'buy' rating and 2,200p price target on Diageo PLC (LSE:DGE), arguing that a close reading of the Guinness-maker's latest annual report points to a genuine shift in strategy under its turnaround plan. The target implies upside of about 30% from Wednesday's opening level of 1,688p.

Proactive Investors • Aug 19, 2026

Diageo: This Turnaround Story Is Getting Harder To Ignore

Diageo plc (DEO) is reiterated as a Buy, supported by ongoing cost savings, a solid balance sheet, and a promising turnaround under the new CEO. DEO's new cost-cutting plan targets $1 billion in cost savings over two years, with 40% of operational and 25% of supply chain savings expected in FY27. FY27 guidance calls for broadly flat organic net sales, with North America down mid-single digits, and FCF temporarily dipping to ~$2 billion due to restructuring costs.

Seeking Alpha • Aug 19, 2026

Diageo headcount down more than 6%, annual report says

Diageo's total headcount fell more than 6% ​year-over-year by the end ‌of June, according to its annual report, ​as the world's ​top spirits maker embarks ⁠on a restructuring under new ​CEO Dave Lewis.

Reuters • Aug 18, 2026

Diageo appoints former P&G Beauty chief R. Alexandra Keith to board

Diageo PLC (LSE:DGE) has appointed former Procter & Gamble Beauty chief executive R. Alexandra “Alex” Keith as a non-executive director, adding more than 35 years of international consumer goods experience to its board.

Proactive Investors • Aug 18, 2026

Diageo agrees to reformulate India whisky, rum drinks after flavouring breach, sources say

Diageo has agreed to reformulate some of its most popular whisky and rum drinks in India, two government sources told Reuters, after the country's food ​safety regulator banned them in some states for adding flavours that breached regulations.

Reuters • Aug 17, 2026

Dividend Announcements: August 8-14, 2026

In this article series, I summarize dividend announcements of the past week. This week, 12 stocks announced dividend increases, while one announced a 52% dividend cut. BMI stands out with a 10% dividend increase, an excellent quality score of 8.04, a very safe dividend, and a valuation with 11.97% upside. CBOE leads dividend hikes with a 19.44% increase, a top-quality score of 8.64, and robust dividend safety metrics.

Seeking Alpha • Aug 17, 2026

Diageo Reshapes Its Portfolio: Can Core Brands Drive Growth?

DEO is reshaping its portfolio, backing Guinness and broader brand activation as it targets steadier growth amid persistent weakness in U.S. spirits.

Zacks Investment Research • Aug 13, 2026

Diageo challenges India rum ban, arguing lack of due process

India's government prohibited a popular Diageo rum for misbranding without following due ‌process and just as the food safety regulator began consulting on the labelling rules at the heart of the issue, the company has argued in court.

Reuters • Aug 11, 2026