Diageo (DEO) rises 5.22% intraday after announcing $1 billion cost savings plan
ByAinvest Wire
Thursday, Aug 6, 2026 9:45 am ET1min read
DEO--
Diageo (DEO) shares rose 5.22% in intraday trading after the company unveiled a new operating model and a $1 billion cost savings plan during its Capital Markets Day. The strategic turnaround initiative, announced by CEO Dave Lewis, was well-received by investors despite a reported decline in operating profit due to exceptional charges.
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