Diageo Sees “Fragile” Signs of Recovery

Dear Client: Diageo has seen "some signs of recovery, albeit fragile in the mature markets" said chief Paul Walsh in a third quarter trading statement today. The third quarter ended March 31, with organic net sales up 12%. Meanwhile, organic sales for the nine months rose 2%. Recovery was "stronger in the emerging markets," said Paul. That likely means that market conditions are slowly starting to improve in countries like the US. But he also pointed out that their performance