Diageo set to announce stunted profits

A cocktail of negative trading factors are likely to have impacted upon Smirnoff vodka-to-Guinness company Diageo’s annual results on Thursday.

A cocktail of negative trading factors are likely to have impacted upon Smirnoff vodka-to-Guinness company Diageo’s annual results on Thursday.

The outbreak of SARS, weakening consumer demand in the US because of the Iraq war and general economic weakness are expected to have pegged profits to £2.12bn (€3.06bn), up slightly from £2.04bn (€2.95bn) a year earlier.

Since the year-end, sales in the US and Europe should have picked up with the more stable dollar also helping the group’s performance.

Diageo’s other core brands include Baileys, Johnnie Walker, Black Label and Captain Morgan.

more courts articles

Man admits killing Irish pensioner (87) on mobility scooter in London Man admits killing Irish pensioner (87) on mobility scooter in London
Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court

More in this section

The European Central Bank skyscraper in the city of  Frankfurt Main, Germany ECB firmly behind June rate cut but views diverge on July
Tesla cancels its long-promised inexpensive car Tesla cancels its long-promised inexpensive car
Net zero Profits plummet at battery-maker LG Energy amid EV slowdown
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited