Drinks profits hold; Inbrief.GUINNESS-to-Smirnoff drinks giant Diageo cheered markets today after holding firm on profit guidance despite weakening global markets. Although underlying sales fell 7% in the three months to March 31 - mainly due to de-stocking by its US wine and spirits distributors - Diageo continues to expect organic profit growth of between 4% and 6%. The firm behind Johnnie Walker Johnnie Walker is a brand of Scotch whisky produced in Kilmarnock, Scotland. It is the most widely distributed brand of Scotch whisky in the world, sold in almost every country and with yearly sales of over 120 million bottles. whisky, Captain Morgan rum and Baileys liqueur liqueur (lĭkûr`), strong alcoholic beverage made of almost neutral spirits, flavored with herb mixtures, fruits, or other materials, and usually sweetened. The name derives from the Latin word to melt. said it would benefit from a restructuring programme, which is set to deliver pounds 100m in cost-savings by next year. Shares rose more than 2% today as chief executive Paul Walsh stuck to the previous forecasts despite a "more challenging trading environment". |
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