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Sidestep Brexit woes with Diageo

09/04/2019 · Diageo PLC (DGE) 

FTSE 100 UK

Two pints of Guinness on a bar
  • A global company, with defensive products is an ideal tonic amid the Brexit uncertainty
  • Don’t write off Diageo after its strong share price growth of the last few months – it is far better to buy great companies at high prices than rubbish ones when they’re cheap 

Booze is one of the last things to be struck from many budgets in the wake of economic uncertainty. Politicians can be useless, currency declining and central banks struggling but the pub will always have our backs. That is one of the reasons why drinks maker Diageo (LON: DGE) is a defensive stock and its shares tends to do well in times of economic distress. Indeed, the group’s share price is up 13% in the year to date and 66% since the UK voted to leave the EU in June 2016.

It’s not just the slightly addictive qualities of its products…

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