Diageo Plunges After Profit Warning: The London Rush
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Your morning roundup of key UK business news just in
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Published Nov 10, 2023 • 3 minute read
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(Bloomberg) — Good morning from London, where it looks like the country has once again managed to dodge a policy-induced recession, for the time being at least. The UK economy flatlined in the third quarter and managed to eke out 0.2% growth in September, the latest stats show.
For corporates, the mood is slightly less optimistic though, especially for drinks giant Diageo. It lowered first-half guidance on weaker prospects in Latin America and Caribbean, a region that contributes more than 10% of its sales, sending the shares plunging.
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Bloomberg News
2023-11-10 03:35:40
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