Diageo Shares Hit Eight-Month High After Sales Beat
Diageo shares rose to 1,862.5p after first-quarter organic sales grew 1.4%, helped by a smaller-than-expected fall in North America.
Shares in Diageo climbed to an eight-month high on 5 November after the drinks group reported better-than-expected first-quarter sales.
Organic sales rose 1.4%, ahead of forecasts, and the shares reached 1,862.5p.
North America less weak than feared
Sales in North America fell 3.6%, a smaller decline than the 6.7% fall analysts had expected. The company reaffirmed its full-year guidance of broadly flat sales. Chief executive Dave Lewis described the results as a small step in the right direction.
Analyst view
Bank of America set a price target of 2,080p, pointing to a $1 billion cost-savings programme.
Other FTSE 100 moves
The FTSE 100 traded above its previous record close of 10,910 that day, with an early peak of 10,948.24. Lloyds Banking Group shares rose for a second session after mixed third-quarter results, while BAE Systems fell, down about 9% since the US election result on concerns about US defence spending. Gold miners Endeavour Mining and Fresnillo rallied as gold rose to about $4,135 an ounce.
Sources: interactive investor, FTSE 100 shares round-up (5 November 2026). Not investment advice.