Diageo today saw as much as £5 billion wiped from its market cap after the London-listed drinks giant posted a fall in turnover for the first time since 2020.
The Smirnoff and Johnnie Walker owner said it had seen a 15% fall in revenues in Latin America, alongside a 13% drop in Africa and a 2% dip in sales in North America. That news has helped its shares slump as much as 10% in the opening minutes of trade.
