Diageo Share Price Today: Stock Closes Higher After $1.78 Billion Cricket Sale
Diageo shares rose 1.16% to 1,393 pence after its Indian unit agreed to sell Royal Challengers Sports, owner of the Royal Challengers Bengaluru cricket teams, for $1.78 billion. The sale, pending regulatory approval, follows pressure on CEO Dave Lewis to raise cash after cutting the dividend and lowering sales guidance. Diageo’s shares remain well below their 52-week high. First-half organic net sales fell 2.8%.