Stock Movers Dismal Diageo, Santander's Vow, Trainline's Exit
Feb 25, 2026
Diageo cuts guidance and trims its dividend as it struggles to revive demand in the US and China. Santander sets an ambitious target to top €20 billion in net income by 2028 and leans on a US acquisition to help get there. Trainline shares tumble after its CEO announces she will step down, stirring concern about leadership timing and future competition.
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Diageo's Tough Reset Under New CEO
- Diageo faces a deep demand slump in key markets and cut guidance plus its dividend to shore up the balance sheet.
- New CEO Dave Lewis vows decisive change, disposals when needed, and a push into mass-market drinks as part of a turnaround.
Drastic Dave Signals Active Turnaround
- Dave Lewis, nicknamed 'Drastic Dave', signals an active turnaround drawing on his Tesco and Unilever track record.
- He plans an updated strategy, selective disposals and broader portfolio focus to boost competitiveness.
Santander Raises Ambitious 2028 Profit Target
- Santander set an ambitious target to grow net income to more than €20 billion by 2028, above analyst forecasts.
- The goal follows its acquisition of Webster Financial, expanding US presence and boosting future revenue expectations.