Diageo, the world’s biggest distiller, reported sales that advanced less than analysts anticipated as European consumers reined in spending while drinkers in the US shelled out more for higher-priced tipples.
Organic sales rose 5 per cent, trailing analysts’ estimates of 5.6 percent growth, the company said in a statement. Earnings before interest and tax rose to £2.03 billion, excluding some items, from £1.87 billion a year earlier.
Diageo gets the majority of its profit...
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