Guinness flounders but the world smiles on Smirnoff

Paul Walsh, Diageo's new CEO, stamped his mark on the City with the help of a spirited performance from the new streamlined drinks business. However questions remained over the direction of Guinness and the race for Seagram's drinks. Elliot Lane reports Confidentiality agreements and marketing jargon hid Diageo's true intentions yesterday but there is no doubt Paul Walsh is a spirits and wine man.

Paul Walsh, Diageo’s new CEO, stamped his mark on the City with the help of a spirited performance from the new streamlined drinks business. However questions remained over the direction of Guinness and the race for Seagram’s drinks. Elliot Lane reports Confidentiality agreements and marketing jargon hid Diageo’s true intentions yesterday but there is no doubt Paul Walsh is a spirits and wine man.

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