Jul. 31st
2014
THE MARKET

Diageo Hit by China Slowdown

31st Jul. 2014  /  THE MARKET  ·  Diageo
Source: The Wall Street Journal
Written by: Peter Evans
Published: 31-Jul-14

"Liquor Maker Reports Fall in Full-Year Profit. Diageo DGE.LN -1.16% PLC on Thursday said weakness across emerging markets led to a fall in full-year profit as the U.K. liquor maker suffered from a huge drop in demand in China, the world's biggest liquor market. ""Emerging market weakness, often currency related, but also including some specific issues, such as the anti-extravagance measures in China, has led to weaker top line growth,"" said Chief Executive Ivan Menezes. "

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