Diageo Shares Fall 4% As Latin And Caribbean Weakness Dents Sales

Photo by Brian Ach/Getty Images for Diageo Beer Company USAGetty Images for Diageo Beer Company USADiageo’s share price dropped again as the drinks manufacturer reported continued stress in its Latin America and Caribbean (LAC) territory in its half-year update.At £27.30 per share, the FTSE 100 company was trading 3.8% lower in Tuesday business.Reported net sales dropped 1.4% during the six months to December, to $11 billion, while on an organic basis sales reversed 0.6% year on year.LAC sales slumped 18% a ...