Diageo, the largest spirit firm in the world, said today its full-year profits would suffer from adverse exchange rates to offset a 6% rise in sales.
The British firm, which makes Guinness, Baileys, Smirnoff vodka and Johnnie Walker scotch, said second-half sales and volumes will be similar to the increases seen in its first-half of 6% and 3%.
It added in a trading statement at the end of its financial year that adverse exchange rates would trim annual pre-tax profits before exceptionals by around £95-£100m.
