Diageo chairman buys in near record high

Diageo chairman buys in near record high

Shares in Diageo (DGE) hit an all-time intraday high earlier this month of 2,604p, and it’s easy to see why. In the full-year results announced at the end of July pre-tax profit was up by a quarter to £3.6bn, while revenue increased 16 per cent to £18.1bn. The growing popularity of whiskey and scotch in the US provided a boost to sales in North America as a whole, where the business had previously experienced a slowdown in turnover. This improvement looks set to continue with Diageo's recent acquisition of Casamigos, the 'house of friends' tequila brand co-founded by George Clooney.

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