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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Diageo Plc | LSE:DGE | London | Ordinary Share | GB0002374006 | ORD 28 101/108P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2,857.00 | 2,863.00 | 2,863.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Wine & Alcoholic Bev-whsl | 23.52B | 3.73B | 1.6715 | 17.13 | 63.96B |
From Apr 2022 to Apr 2024
By Michael Susin
Diageo PLC said Tuesday that it will wind down its business operations in the Russian market by the next six months, according to a spokesperson.
The London-listed maker of Johnnie Walker scotch whisky and Smirnoff vodka said its business in Russia accounted for less than 1% of its global sales and profits before the crisis, but that the impact of the Ukraine war has been significant and unsustainable.
The declaration comes after the company's decision to stop shipping and selling products in Russia in March, following the war in Ukraine.
Diageo said it will provide support to its employees with enhanced redundancy terms.
Shares at 0929 GMT were down 116.0 pence, or 3.2%, at 3,564.0 pence.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
June 29, 2022 05:51 ET (09:51 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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