Guinness Sales Fall As Smirnoff Stays Steady

Summary


GUINNESS-TO-SMIRNOFf drinks firm Diageo has said the economic hangover had caused a sharp slowdown in sales and slashed full-year forecasts on profit growth.

In a sign that the company suffered a difficult festive period, Diageo reported net sales growth was 3% in the six months to the end of December - down from 6% in the first quarter of the period.

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Extract


Guinness Sales Fall As Smirnoff Stays Steady

Chief executive Paul Walsh, who said he had confid...

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