Diageo in high spirits after LVMH, Remy Cointreau updates
DEODiageo(DEO) Proactive Investors·2024-01-26 19:00

Diageo PLC (LSE:DGE) on Friday led the FTSE 100 risers after investors took heart from results from LVMH and Remy Cointreau. LVMH’s Wines & Spirits business delivered organic sales growth in the fourth quarter after declining in the two previous quarters. Bank of America described the performance from the division as “the biggest positive surprise” in the quarter with 4% revenue growth after two quarters of >20% declines. The bank noted management stated the "worst of cognac demand behind us". Meanwhile, sh ...