The Chief Executive Officer of Diageo, the FTSE 100 drinks giant, has continued to reduce his stake in the company, this time selling 75,000 shares.

Paul Walsh, who was appointed to the role of CEO in 2000, now holds 654,614 shares in the group.

The shares were traded in at 1,935.00p a time, earning him £1.45m before tax.

The sale comes just a few weeks after Diageo unveiled its results for the final six months of 2012. The company, whose brands include Guinness, Smirnoff and Johnnie, reported a 9.0% organic operating profit growth for the half year ended December 31st.

Earnings per share for pre-exceptional items rose 9.0% to 60.9p per share. Organic net sales growth climbed 5.0% with 1.0% organic volume growth. The group reported a 110 basis points of organic operating margin expansion.

Walsh said the results were driven by the strong performance of the company's alcoholic spirits in the US.


Top Director Buys

Northern Investors Co (NRI)
Director name: Mr John C Barnsley
Amount purchased: 30,000 @ 280.00p
Value: £84,000

President Energy (PPC)
Director name: Mr Peter M Levine
Amount purchased: 125,000 @ 23.00p
Value: £28,750


Top Director Sells

Diageo (DGE)
Director name: Mr Paul Walsh
Amount sold: 75,000 @ 1,935.00p
Value: £1,451,250

Randall & Quilter Investment Holdings (RQIH)
Director name: Mr Alan Quilter
Amount sold: 300,000 @ 122.00p
Value: £366,000

Related share prices
Diageo (DGE) share price
Northern Investors Co (NRI) share price
President Energy (PPC) share price
Randall & Quilter Investment Holdings (RQIH) share price