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Diageo CEO spends $1m on company shares
By Amy HopkinsDiageo boss Ivan Menezes has purchased US$1 million worth of company stock following a decline in share prices.
Diageo CEO Ivan Menezes has increased his own stake in the company by buying US$1 million worth of sharesShares in the UK drinks giant declined after it announced its quarterly results last week.
According to Reuters, Diageo CEO Ivan Menezes took the opportunity to increase his personal stake in the company.
Shares were up 1.3% at £18.24 when Menezes’ purchase was disclosed yesterday, Monday 3 February.
Last week, Diageo announced that its sales have increased by 1.8% for the first half of this year, yet suffered declines in some markets.
The company has also hinted at opportunities for future growth through more Tequila acquisitions.