UK's Fundsmith says it shed Diageo over management issues, weight loss drugs
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Fundsmith, led by Terry Smith, sold its stake in Diageo due to concerns over new management and the potential impact of weight loss drugs on the drinks sector.
January 09, 2025 | 2:45 pm
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Fundsmith sold its stake in Diageo due to concerns about new management and the impact of weight loss drugs on the drinks sector.
The sale of Diageo shares by a significant fund like Fundsmith can lead to short-term negative sentiment among investors, especially when the reasons include management issues and sector threats. This could result in downward pressure on DEO's stock price.
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