By Ian Walker Diageo said that it expects to see slower growth than the second half of the previous fiscal year due to a weaker performance in Latin America.
Shares of Jack Daniel’s parent Brown-Forman Corp. fell 3.1% in morning trading Friday, following a sales warning from rival Diageo PLC which owns the Johnnie.
U.K. stocks dropped Friday, as the FTSE 100 Index closed down 1.28% at 7,360.55. Among FTSE 100 constituents, company Diageo PLC saw the largest decline.
U.K. stocks finished down Friday, with the FTSE 100 Index decreasing 0.86% at 7,291.28. Of the FTSE 100 constituents, banking company NatWest Group PLC saw.