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Diageo shares rise on $1 billion three-year savings plan

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Sig3.40Sen+2.60Env0.00Soc0.00Gov0.00

Diageo shares jumped after unveiling a $1 billion savings plan over three years to turn around weaker performance. Restructuring costs tied to the program total $1.2 billion, with savings delivered in 2027–2028 and supply-chain benefits afterward. Net sales fell 2% organically to $19.6 billion, while adjusted profit rose 2% to $5.7 billion, aided by cost savings and World Cup-driven drink growth.

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