UK's Diageo jumps on $1 bln savings plan
06/08/2026 11:29
BUZZ-UK's Diageo jumps on $1 bln savings plan ** Spirits maker Diageo's shares DGE.L up 7.9% at 1,770 p, their biggest pct gain since Nov 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 10.4% YTD
(Reporting by Amna Mariyam in Bengaluru)