Guinness maker Diageo sales squeezed under ‘competitive pressure’

Diageo recorded sluggish sales growth in the first quarter of its financial year as the drinks giant faced “competitive pressure” in its top markets. The FTSE 100 group, which owns Guinness, Johnnie Walker and Tanqueray, recorded net sales up 1.2 per cent year-on-year at $4.9bn. But organic growth, which strips out currency volatility and the [...]