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‘Drastic Dave’ Lewis cuts Diageo dividends as sales miss expectations
By Dominic Bernard2026-02-25T07:59:00
Lewis set out the case for tightening the balance sheet to shareholders this morning, after the company revealed it had been forced to downgrade its profit and sales expectations for 2026
New Diageo boss ‘Drastic Dave’ Lewis has made the “difficult decision” to cut the company’s dividend to shareholders, as it wrestles with falling sales and a $22bn debt pile.
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