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 Industrie...

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

Advisers look to capital accumulation in Q2 2025

Advisers look to capital accumulation in Q2 2025

Interest in inflation protection nudges up

Jen Frost
clock 18 July 2025 • 3 min read
For companies – and their investors – management matters

For companies – and their investors – management matters

'Management, whatever the setting, really is a difference-maker'

Gabriel Sacks
clock 17 July 2025 • 4 min read
'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

Retail platforms await further rule change details

Eve Maddock-Jones
clock 16 July 2025 • 4 min read