Strike threat hits Guinness parent company share price

Shares in the Guinness parent company, Diageo, have fallen as a result of today's strike action.

At 2.30pm, prices were down 1.2% to stg£7.07 on the London Stock Exchange.

It is estimated a prolonged strike will cost Guinness IR£15m per week, with additional losses of IR£5m in exports.

Meanwhile, talks are continuing this afternoon in an attempt to avert further industrial action at the Guinness Ireland plants.