date:Apr 18, 2014
ernment cracked down on ostentatious spending.
Weakness in Asia also affected Diageo. It fell 4.8 percent to drop to the bottom of the pan-European FTSEurofirst 300 after reporting a a 1.3 percent decline in third-quarter organic net sales on Thursday.
The maker of Johnnie Walker Scotch and Smirnoff vodka has a stake in China's Shuijingfang. The Chinese company makes baiju, a white spirit whose sales are being hammered by a government crackdown on gift-giving.
Diageo's FY2014 Q3 trading state