Emerging markets a disappointment for Diageo

|About: Diageo plc (DEO)|By:, SA News Editor

Shares of Diageo (DEO -4.3%) fall after the brewer posts weaker-than-anticipated results in emerging markets.

The company said the sluggishness in emerging markets persisted right through the holiday season to the end of the quarter.

A crackdown in China on gift-giving in the government sector is thought to have also had some impact.