Emerging markets boost Diageo sales worldwide
Diageo, the drinks group behind brands such as Guinness, Smirnoff and Johnnie Walker, has reported a 5% rise in annual profits.
Pre-tax profits for the year to the end of June came in at £2.36bn, as growth in emerging markets and North America made up for problems in Europe.
Sales fell sharply in Greece and Spain, with Irish sales also down.
The full year profit growth was weaker than the 15% rise reported for the first six months of the year.
Jeremy Howell reports.
25 Aug 2011