0746 GMT - Diageo's attempt to blame its trading difficulties on macroeconomic pressures is unlikely to convince investors, IG says in a market comment. "The group has seen both feast and famine in recent years, but its share price performance is disappointing at best," analyst Chris Beauchamp writes. The numbers provided by the beverage company in its third-quarter update don't really move the dial since signs of growth in North America are mostly driven by stockpiling of orders ahead of tariffs, he adds. Shares trade 1.5% higher at 2,185 pence and are down 14% since the start of the year. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 19, 2025 03:46 ET (07:46 GMT)
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