Diageo Shares Up as Guinness Gains Counter Weak U.S. Spirits
Diageo shares traded higher on Tuesday, outpacing the FTSE 100 as some investors watched for signs that strong Guinness sales and new CEO Sir Dave Lewis’s early steps might help the group deal with weak U.S. spirits results. The stock changed hands at 1,571p/1,572p by 11:49 in London, up 19.5p, or 1.26%. The FTSE 100 added 0.73% at the same time, Barclays Smart Investor data showed. Data delayed by at least 15 minutes. That counts now as Diageo stretches its recent steadier streak, following a tough period for the Johnnie Walker and Don Julio producer. The shares finished at 1,552.50p on Monday, May 18, after closing at 1,529.50p on Friday and 1,500p on Thursday, according to share price data.