0824 GMT - Diageo's newly appointed Chief Executive Dave Lewis will undoubtedly face headwinds as he takes on the new role, but the spirits-maker is less beleaguered than Tesco was, Danny Yeo, equity analyst at CFRA Research, says in a note. It will be less of a distressed turnaround and more of a slate of growth opportunities, Yeo writes. Even though this new role at Diageo will bring different challenges compared to his prior experiences, the company is already on better footing. "We anticipate Lewis will leverage this strong foundation to drive value creation, with near-term priorities likely focused on portfolio optimization," Yeo says. Shares are up 0.5% at 18.25 pounds. (aimee.look@wsj.com)
(END) Dow Jones Newswires
November 11, 2025 03:24 ET (08:24 GMT)
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