Diageo PLC (DGE.L)
PARIS Demand in China and India powered a 10.4 percent rise in quarterly sales for France's Pernod Ricard , helping the maker of Absolut vodka and Martell cognac offset slower progress in its main U.S. market.
British spirits maker Diageo flagged a bigger than expected sales hit from currency movements on Thursday, an early indication of the potential impact of recent volatility on companies with emerging market revenues.
* Organic sales to be "broadly" in line with last year (Adds analyst comments and details)
Sept 20 The world's biggest spirits company Diageo Plc expects this year's sell-off of some emerging market currencies to knock 175 million pounds off net sales and 45 million off its full-year profits, the company said on Thursday.
The Toronto Stock Exchange's S&P/TSX rose 29.26 points, or 0.18 percent, to 16,356.05.
Aug 24 Canada's main stock index gained on Friday after a rise in gold prices lifted shares of precious metal miners and higher oil drove gains in energy shares.
LONDON Britain's Diageo , the world's largest spirits company, announced a 2 billion pound ($2.6 billion) share buyback program on Thursday and better-than-expected full-year sales growth, helped by a gin boom in Western Europe.
* Shares slip less than 1 percent (Adds detail on interest rates, analyst comment)
LONDON, July 26 Britain's Diageo, the world's largest spirits company, announced a 2 billion pounds ($2.6 billion) share buyback programme on Thursday and better-than-expected sales growth for the full year, helped by a gin boom in Western Europe.
LONDON, July 26 Diageo, the world's largest spirits company, reported higher sales and profits on Thursday despite currency headwinds.