Diageo reports small sales increase in past nine monthsThursday 17 April 2014 08.09
Drinks group Diageo has reported a small increase in sales over the past nine months thanks to strong performance in North and South America.
In a trading statement this morning Diageo, which owns brands including Guinness, Baileys and Smirnoff, said sales for the nine months to the end of March were up 0.3%.
That is despite weakness South East Asia, where Diageo says sales have suffered because of political instability in one of its key markets - Thailand.
Fortunes have been improving for the company in this part of the world, however.
Diageo's Western Europe sales are down for the nine months as a whole but began to pick up over the past three months.