Jameson parent sets margin targets

Jameson whiskey-owner Pernod Ricard, which is being targeted by US activist investor Elliott, vowed to improve profit margins and shareholders’ returns in a new three-year plan.

Pernod, the world’s second-biggest spirits group behind Diageo, also raised its profit growth outlook for its 2018-2019 financial year after beating first-half operating profit forecasts helped by strong demand for premium cognac in China.