date:Oct 18, 2012
UK drinks giant Diageo has reported a 5% increase in underlying sales in the first quarter.
Diageo, the worlds biggest drinks firm by sales, was boosted by higher demand for brands such as Captain Morgans rum and Smirnoff vodka in emerging markets and the US.
However, the 5% increase in underlying sales represents a slower in than the 9% increase reported in the same period last year.
The firm experienced challenges in Asia-Pacific, where a weak South Korean market and a delayed duty-free shi