Diageo, the world's leading spirits company, delivered a warning to the market today when it said that its end of year trading has been hit by the "worsening economic and political situation in Latin America". The release saw its stock fall 4.8%.

Despite stating that the business had continued to deliver on its objectives of "continued profitable top line growth and value creation for shareholders", Diageo warned that the volume performance in its key markets had been impacted by Latin America.
The performance of its four major markets, the UK, North America, Spain and Ireland was in line with expectations.

For the full report see the analysis tomorrow.