Diageo Share Price Today: Stock Closes Higher After $1.78 Billion Cricket Sale
Shares of Diageo ended Thursday up 1.16% at 1,393 pence, following news that United Spirits—its Indian subsidiary—is set to offload Royal Challengers Sports, which owns the Royal Challengers Bengaluru cricket teams, in a 166.6 billion rupee deal. Investors have been pushing new chief executive Dave Lewis to bring in cash and repair the balance sheet, especially after he slashed Diageo’s interim dividend last month and trimmed fiscal 2026 organic sales guidance to a drop of 2% to 3%. Organic sales exclude the effects of currency moves and acquisitions or disposals. Results showed net debt hit $21.7 billion at December’s close.