Diageo Shares Up as Guinness Gains Counter Weak U.S. Spirits
Diageo shares rose 1.26% to 1,571p in London on Tuesday, outpacing the FTSE 100, after stronger Guinness demand and early actions by CEO Sir Dave Lewis. Third-quarter net sales increased 2.3% to $4.5 billion, with gains in Europe, Latin America, and Africa offsetting continued weakness in North America. Non-executive director John Rishton bought 3,274 shares at £15.27 each on May 18.