FTSE 100 tumbles below 7,000 points as Diageo warns of £200m coronavirus hit - business live

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Diageo warns of £200m coronavirus hit as markets keep sliding - business live

French food group Danone has also warned that the coronavirus crisis is hurting its business. The maker of Evian and Volvic bottled water, and Activia, expects to lose around €100m in sales, mostly at its “Waters China” business. That will wipe out Danone’s revenue growth in the current quarter, leaving like-for-like sales “broadly flat”. This has forced Danone to cut its sales growth targets - to 2-4%, down from 4-5%.

 

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My heart bleeds ... Scotch on the rocks...

Yeah because markets matter more than people’s well-being and health. Gtfo

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