The London Rush

Diageo Lowballs

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Photographer: Udit Kulshrestha/Bloomberg

Hi, I’m Leo from Bloomberg UK's breaking news team, catching you up on this morning’s business stories.

Diageo, the maker of Johnnie Walker and Smirnoff, has been hit by a slowdown in Latin America, the Caribbean and the US. That resulted in the British distiller posting its first annual sales decline since the pandemic.