Shares in Diageo fell from 862p to 836p yesterday after the drinks group warned that the recent hurricanes in the US could hit profits.

Nick Rose, Diageo finance director, said: “The terrible hurricanes in the US have had an impact on our performance in the south-eastern states.”

“It is too early to tell whether this will impact full-year performance or whether the impact will be limited to the first-half, and we will benefit in the second-half from restocking,” he added.