Diageo Trails FTSE 100 as India Dispute Weighs on Stock
Diageo's stock lagged the FTSE 100, rising only 0.53% while the wider index climbed 1.63%, partly due to a new dispute in India where industry groups accuse Telangana state of withholding $392 million in payments. The company faces ongoing challenges including lagging North American sales, a forecast drop in organic net sales for fiscal 2026, and broader industry predictions of declining global alcohol volumes. Investors are looking to its August 6 strategy update and fiscal 2026 full-year results for signs of progress in its turnaround efforts.
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