Diageo announce 5% rise in sales

DIAGEO, owners of the Guinness Group, said net underlying sales rose 5% in the July–September quarter, despite weaker sales in Europe.

The world’s biggest spirits producer said sales in emerging markets lifted sales over the three-month period. It has left its forecast for higher profits for the year unchanged despite the first quarter weakness encountered in Europe.

Shares were down 1.75% in early trading following the trading update.