Diageo – the global producer of alcohol drinks – has announced full year net profits of £1.62bn while it continues plans to close sites and make employees redundant in an effort to cut costs.
The net profit figure constitutes a rise of seven per cent on last year’s figures but all the same chief executive Paul Walsh said it has been “a very challenging year” for Diageo. Operating profit was up 10 per cent to £2.44bn The firm, leading brands of which include Smirnoff, Guinness and Gordon’s, has come…
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