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Beer and tea under pressure – tastes are changing

30/01/2020 · Diageo PLC (DGE)  · Unilever (ULVR) 

Financial Results Food and Drink Shares Trends UK

Guinness pints lined up on a bar

Financial results at Unilever and Diageo have been hampered by the changing tastes of the modern consumer.


Diageo’s (LON: DGE) interim results reflect the trends of the wider alcohol market: consumers are drinking more posh booze, but less overall. Volumes were flat on the previous year, but net sales rose 4% to £7.2bn.

Generating a revenue increase from higher prices is not an ideal situation, especially in a market which is being squeezed by a rising number of independent brewers and distilleries. That rising competition is reflected in…

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