Diageo holds FTSE back

clock

The FTSE 100 is slightly down by 3 points, or 0.05%, to 5,926.3 following a very bumpy start to early trading.

Carnival and Sage group are among the stocks attempting to give the market a boost, although Diageo is leading the fallers after inline figures from the drinks group prompted profit-taking. Diageo has slipped 2.29% to 937p, as it announced strong results on the back of continuing demand for its premium brands in North America, and reported a rise in sales to £9.7bn for the year to June with pre-tax profit of £2.14bn in the period. However Carnival is leading the rally with gains of 4.38% to 2,286p, closely followed by Sage Group which has added 1.57% to 242.75p, while Brambles Industr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Understanding the investment appeal of the energy addition

Understanding the investment appeal of the energy addition

Positive change takes time

Tim Humphreys
clock 11 March 2026 • 4 min read
Chaos is not a ladder: Navigating human behaviour at times of market stress

Chaos is not a ladder: Navigating human behaviour at times of market stress

'It is important to maintain perspective'

Sacha Chorley
clock 09 March 2026 • 4 min read
Four reasons why direct engagement can still make a difference

Four reasons why direct engagement can still make a difference

'Quantitative data arguably tells only half the story'

Simon Wood
clock 05 March 2026 • 4 min read