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Diageo CEO buys $1 million worth of company stock
February 3, 2014 / 12:05 PM / 4 years ago

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

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