Guinness-maker Diageo's shares rocket on $1B cost-cutting plan

Results from the firm behind Guinness, Johnnie Walker and Tanqueray showed sales have slipped – and yet the shares in Diageo are up. City Editor Simon Hunt explains why. Meanwhile, UK coffee drinkers continue to move further up market with Brits now drinking around 98 million cups every day - but how much further can this premium espresso bull-run go? Lee Bonniface, UK & Ireland Managing Director of DeLonghi thinks it's nowhere near finished. Plus: as pensioners scramble to avoid being pulled into the inheritance tax net, our Investment Reporter, Maisie Grice looks at the impact this is having on financial advisors, HMRC, and you. Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam