Diageo Shares Plunge After Profit Warning

In case you missed Friday’s news alert, Diageo’s shares slid more than 14% after the drinks giant announced that due to difficult conditions in its Latin America region it is expecting a decline in profits for its fiscal first half ending in December. In European markets, the news slashed £15 billion ($18.4b) in market value from leading drinks players, as Pernod and Campari were also affected, with their shares down 5% and 4% respectively. Here’s the full story.

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