1058 GMT - It matters little that Diageo has set out a weak sales performance, a cut to guidance and a reduced dividend, James Edwardes Jones and Wassachon Udomsilpa at RBC Capital Markets write in a note. The Guinness maker expects an organic decline in revenue for the full fiscal year after booking a net 4% drop over the first half through December, and halves its dividend for the period from a year earlier. Still, the drinks group's new CEO, Dave Lewis, is set to outline his strategy later in the year. Until then, it is difficult to assess expectations for the company's performance, Edwardes Jones and Udomsilpa say. Shares in Diageo sink 6% to 1,761.5 pence. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

February 25, 2026 05:58 ET (10:58 GMT)

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