February 3, 2014 / 12:05 PM / in 4 years

Diageo CEO buys $1 million worth of company stock

LONDON (Reuters) - Diageo (DGE.L) Chief Executive Ivan Menezes bought 615,000 pounds ($1 million) of company stock last week, taking advantage of a steep decline in the share price after disappointing quarterly results.

A man walks past barrels outside the Diageo Shieldhall facility near Glasgow, Scotland August 26, 2010. REUTERS/David Moir

Shares of Diageo, the world's largest spirits company, were up 1.3 percent at 18.24 pounds by 1158 GMT on Monday after disclosure of the purchase, outperforming a flat FTSE 100 index .FTSE.

Reporting by Martinne Geller in London; Editing by David Goodman

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below