Tuesday 29 September at 5pm
Rapid growth in emerging markets was the key driver as Diageo posted a 5% rise in operating profits for the past year to 2.88bn.
Walmart will not use its acquisition of Massmart as the springboard for a phase of rapid empire building across Africa. International chief Doug McMillon said the retail giant would look to expand on a city-by-city basis, rather than country by country.
Britvic has warned its profits could be stifled by a rapid and unprecedented hike in raw material costs. In a trading update today, the Robinsons maker said it had been hit particularly hard by increased prices of polyethylene terephthalate, used in its plastic bottles.
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