Drinks giant Diageo sees sales go flat

DRINKS group Diageo, the owner of Guinness, said sales have continue to slow down.

Ahead of the release of full-year results in September, the company said alcohol sales in Europe were difficult and there was also a slow-down in sales in the US.

“However, organic operating profit growth for the year ended 30 June 2005 is expected to be in line with the guidance of 6% given at the time of the interim results,” the company said in a statement to the stock exchange yesterday.