Diageo shares slip after earnings news

Diageo shares have dropped 1.2 per cent in London after the drinks group that owns Guinness reported a five per cent rise in organic net sales for the first quarter of its financial year.

17th October, 2012
Guinness: one of Diageo's major brands.

Diageo shares have dropped 1.2 per cent in London after the drinks group that owns Guinness reported a five per cent rise in organic net sales for the first quarter of its financial year.

The company noted that some of its Asia Pacific markets were challenging, especially South Korea; organic sales in Asia rose just two per cent. US sales rose six per cent and African sales were up 11 per cent.

Its European sales fell one...

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