Diageo shares rise on $1bn savings plan; UK construction sector stabilises

Source Summary

Diageo shares gained following announcement of a $1 billion savings plan. The UK construction sector showed signs of stabilisation, with Lloyds' director noting rising confidence and continued business investment. Eurozone construction downturn also eased. European shares rose while Brent crude remained below $80 a barrel. Construction firms report healthy demand for major infrastructure and civil engineering work, though many projects remain in holding patterns pending client decisions amid concerns over inflation and interest rates.