Headlines

Diageo Sees Slowdown in Emerging Markets

Diageo said third-quarter sales increased, aided by a strong performance in the United States, but also revealed a sharp slowdown in key emerging markets. Group sales, excluding acquisitions, disposals and currency effects, grew 4 percent in its third quarter, or the three months to the end of March, Diageo said in a trading update. That compared with a 6 percent increase in the same part of its previous financial year. Volumes meanwhile slid 1 percent, AFP reports. (Hong Kong Standard)