Diageois to continue with its share buyback programme following the $1.5 billion sale of its Burger King fastfood chain last week.
As of December 9th, the spirits and beer group that owns Guinness has repurchased about 70 million shares, worth over £530 million sterling, a Diageo spokeswoman said.
The Businessnewspaper yesterday reported the group is to repurchase about £400 million worth of shares in the first half of 2003.
At 11.30 a.m., Diageo shares were up 2-1/2 at 697-1/2 pence, having fallen by as much as 20 pence to 675.
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AFP