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Pin to quick picksDiageo Share News (DGE)

Share Price Information for Diageo (DGE)

London Stock Exchange
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Share Price: 2,579.00
Bid: 2,581.50
Ask: 2,582.50
Change: 4.50 (0.17%)
Spread: 1.00 (0.039%)
Open: 2,569.00
High: 2,602.00
Low: 2,563.00
Prev. Close: 2,574.50
DGE Live PriceLast checked at -

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FTSE 100 lags European peers as GSK, stronger pound weigh

Mon, 07th Nov 2022 17:46

FTSE 100 down 0.5%, FTSE 250 adds 1.2%

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GSK down on failed late-stage study

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Joules falls on suffering sales

Nov 7 (Reuters) - Britain's FTSE 100 slipped on Monday, lagging its European peers, as a stronger pound and a fall in the shares of drugmaker GSK offset optimism over China potentially easing its zero COVID-19 policy despite denials from Beijing officials.

The blue-chip FTSE 100 slipped 0.5% after hitting an a more than seven-week high on Friday, driven by gains in China-exposed miners. The wider European STOXX 600 index closed up 0.3%.

Among the biggest drags on FTSE 100 was GSK Plc, down 4.7%, after it said its blood cancer drug Blenrep failed the main goal of a late-stage study. The wider pharma index was down 1.6%.

Meanwhile, the pound gained nearly 0.9%, denting shares of dollar earners such as AstraZeneca and Diageo .

However, the mid-cap FTSE 250 rose 1.2%, mirroring a risk-on sentiment in global stocks despite mixed signals about China possibly reversing its zero COVID policy.

"The latest U.S. jobs report and a denial of any easing of China's zero COVID measures have failed to dent market optimism it seems, a sign perhaps that the buyers have control for the time being," said Chris Beauchamp, chief market analyst at online trading platform IG.

The focus this week will be on a preliminary reading of Britain's third-quarter GDP on Friday and the budget plan next week. The markets took comfort last week as the Bank of England indicated that interest rates would increase at a slower pace than current market expectations.

Shares of Joules Group plunged 23.5% after the struggling British fashion retailer said its sales in the 11 weeks to Oct. 30 were lower than expectations as it discusses a potential cornerstone investment in an equity raise.

Flutter Entertainment jumped 2.7% after it said that the arbitrator was in favour of the firm's valuation of FanDuel at $20 billion, ending its legal battle with FOX corporation. (Reporting by Johann M Cherian and Shruthi Shankar in Bengaluru; Editing by Sherry Jacob-Phillips, Shinjini Ganguli and Alison Williams)

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11 Jun 2024 13:43

TOP NEWS: Diageo sells majority stake in Guinness Nigeria to Tolaram

(Alliance News) - Diageo PLC on Tuesday sold its majority shareholding in Guinness Nigeria PLC, which produces and distributes Guinness in Nigeria, to Tolaram.

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11 Jun 2024 11:28

Singapore's Tolaram to buy Diageo's shareholding in Guinness Nigeria

LAGOS, June 11 (Reuters) - Singapore-based consumer group Tolaram on Tuesday agreed to buy Diageo's 58.02% shareholding in Guinness Nigeria and enter into long-term licence and royalty agreements, the Nigerian brewer said in a statement.

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11 Jun 2024 11:05

Singapore's Tolaram to buy Diageo's shareholding in Guiness Nigeria

LAGOS, June 11 (Reuters) - Singapore-based consumer group Tolaram on Tuesday agreed to buy Diageo's 58.02% shareholding in Guinness Nigeria and enter into long-term licence and royalty agreements, the Nigerian brewer said in a statement.

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10 Jun 2024 16:00

Directors dealings: Diageo chairman picks up some shares

(Sharecast News) - Diageo chairman Javier Ferrán bought some shares in the spirit maker at the start of the week.

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10 Jun 2024 09:10

LONDON BROKER RATINGS: JPMorgan cuts Aviva but lifts M&G

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

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7 Jun 2024 09:45

LONDON BROKER RATINGS: Bryan Garnier raises ITM Power to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

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5 Jun 2024 09:52

LONDON BROKER RATINGS: Berenberg raises Taylor Wimpey to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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4 Jun 2024 09:41

LONDON BROKER RATINGS: Berenberg ups Future; Deutsche cuts Liontrust

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

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23 May 2024 13:51

Coca-Cola Europacific names Ed Walker as chief financial officer

(Alliance News) - Coca-Cola Europacific Partners PLC on Thursday announced the promotion of Group Controller Ed Walker to chief financial officer.

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8 May 2024 16:36

London close: Stocks rise further ahead of BoE decision

(Sharecast News) - London's stock markets closed with gains on Wednesday, bolstered by a dip in the value of the pound against both the dollar and the euro.

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3 May 2024 16:52

London close: Stocks rise as US payrolls come in weaker

(Sharecast News) - London markets closed positively on Friday, as investors digested slower-than-expected payrolls growth in the US, while Anglo American jumped amid anticipation of a potential bidding war for the mining giant.

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3 May 2024 08:30

Diageo names new CFO as it recovers from profit warning

LONDON, May 3 (Reuters) - Diageo named Nik Jhangiani as its chief financial officer on Friday, with Lavanya Chandrashekar leaving after three years in the role at the world's largest spirits group.

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3 May 2024 07:50

LONDON BRIEFING: InterContinental Hotels makes first-quarter progress

(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out of hawkish Federal Reserve interest rate expectations.

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3 May 2024 07:20

Diageo replaces CFO after three years

(Sharecast News) - Drinks group Diageo has announced that it is replacing its chief financial officer with the head of finance from Coca-Cola Europacific Partners, as it says goodbye to Lavanya Chandrashekar after three years on the board.

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1 May 2024 09:26

LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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