Diageo profits slump as struggles at FTSE 100 drinks group intensify
Profits at maker of Guinness and Johnnie Walker fall by almost 30 per cent amid downturn in alcohol sales
Profits at maker of Guinness and Johnnie Walker fall by almost 30 per cent amid downturn in alcohol sales

Guinness maker’s struggles come as company continues search for new chief executive

Strong quarterly trading in Latin America helps FTSE 100 group beat forecasts despite US spirits slump

Outgoing GSK boss Emma Walmsley among candidates previously considered by drinks group

Data suggests the trend is being driven by more moderate drinking habits rather than teetotalism

Groups are halting production and cutting prices to shift stock as sales declines accelerate in key markets

World’s largest brewer beats expectations to defy gloom in alcohol sector