Why tesco Is Trending Today?

Diageo, a multinational alcoholic beverages company, has appointed Dave Lewis as its new Chief Executive Officer. Lewis previously served as the CEO of Tesco, a major international retailer.

Diageo, the multinational alcoholic beverages company, has appointed Dave Lewis, the former CEO of Tesco, as its new chief executive officer. The appointment comes amidst challenges faced by the company, including the impact of US tariffs on its business. Lewis, known for his successful turnaround of Tesco, will take over from Ivan Menezes, who has been at the helm since 2013. The news of Lewis' appointment has led to a significant surge in Diageo's stock price, with the company's shares rising by as much as 7% in early trading. Market analysts are optimistic about Lewis' appointment, with some referring to him as "Drastic Dave" due to his track record of implementing bold changes to drive growth and improve profitability.