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    Diageo launches £743m cost-cutting plan

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    Diageo, the maker of Guinness and Baileys, has announced a £743 million cost-cutting initiative aimed at reviving its financial performance after reporting weaker sales and profits. The plan, led by CEO Dave Lewis, includes significant operational savings and restructuring costs. The company faces challenges in North America, where sales have declined, but has seen growth in Europe and Great Britain.
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