Diageo slides on heavy volume, trails FTSE 100 in late session
London markets were closed Saturday, as usual. The London Stock Exchange runs Monday through Friday, 8:00 a.m. to 4:30 p.m. BST. Diageo plc last traded Friday, settling at 1,534p, off 0.2% on the day, down 2.7% from last Friday. The FTSE 100 closed out Friday at 10,679.03, up 0.25% for the session and 1.6% for the week. Tape action stands out. Diageo shares closed down in four of the last five sessions. Out of 26.8 million shares for the week, 21.5 million traded on days when the stock fell—about 80%. The heaviest day was Wednesday as 9.3 million shares changed hands and the stock dropped 2.6%.