Diageo has admitted that sales of its ready-to-drink brands have fallen by 3% in the last year.
The company said it remained committed to the sector despite its instability after the duty increases imposed in last year's Budget. Diageo corporate affairs director Tony Mair said the company intended to launch new products in the next six months.
In a trading update ahead of its full-year results, Diageo said sales of Smirnoff vodka were at "an all-time high" although tough trading conditions and increases in pension liabilities would dent its full-year operating profit by £110m.
>>p57 Diageo talks sense

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