Diageo's plans to close its London Guinness plant seems to have gone down well with analysts, as the drinks firm rose to an 18-month by end of London business and other "sin stocks" helped the FTSE to close the week 1% up.
The FTSE 100 index gained 31.8 points or 0.7% to 4537.3 thanks to a 4.2% or 31p share price rise for Diageo to 766.5p. Rival drinks firm Allied Domecq made the most of this rise and saw its share value gain 11.25p or 2.4% to 474.5p while SABMiller, the world's second-largest brewer, added 16p or 2.6% to 636p. Tobacco groups Gallaher, Imperial Tobacco and British American Tobacco saw an important share price rise after starting legal proceedings against the UK government’s restrictions on tobacco advertising in shops. As a result, Gallaher gained 22p or 3.4% to 679.5p while Imperial...
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