0857 GMT - Diageo investor sentiment improves after President Trump said the U.S. would remove tariffs on U.K. whisky, Jefferies' Edward Mundy and Sebastian Hickman write. The U.S. will no longer apply 10% tariffs on U.K. Scotch whisky, and will not go ahead with 25% tariffs slated for introduction in June. The rollback removes a headwind to Diageo profits, but the relief won't translate into an earnings boost. "Whilst this is welcome relief for Diageo, we would anticipate that this tailwind will be reinvested to stimulate growth given the current anaemic backdrop for distilled spirits," the analysts write. Diageo shares rise 1%. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

May 01, 2026 04:58 ET (08:58 GMT)

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