UK's Diageo jumps on $1 billion savings plan
06/08/2026 12:01
BUZZ-UK's Diageo jumps on $1 billion savings plan Updates
** Spirits maker Diageo's shares DGE.L rise as much as 11.2% before paring gains to be up 7.5% to more than five-month high of 1,764 p
** Stock top gainer on FTSE 100 Index .FTSE; heads towards its biggest pct gain since November 2020
** Co launched a restructuring programme aimed at saving $1 billion over three years, as it forecast low-single-digit sales growth through 2029
** Analysts on average rate the stock "buy" or better; median PT is 1,950 p — LSEG-compiled data
** DGE up ~10% YTD
(Reporting by Amna Mariyam in Bengaluru)