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.
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.
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