Brexit Effect works to Boost Diageo shares

Alexander Bowring writes: After the referendum result was announced, Diageo CEO Ivan Menezes went on to say the decision was “better for the UK, better for Diageo and better for the Scotch whisky industry that we remain in.” This begs the question, why have Diageo’s shares risen dramatically immediately following the leave vote? Sitting at under £18 prior to the result, they jumped to almost £20 each, signalling a new high for the last 12 months.