Shares in FTSE 100 heavyweight Diageo have tumbled after it cut guidance due to lower-than-expected demand in Latin America and the Caribbean.
In a surprise update, the Smirnoff and Johnnie Walker drinks giant said its current half-year sales performance will be down on the previous six months.
The update added to the downbeat mood for the London market after Federal Reserve chair Jerome Powell said he could not rule out further US interest rate rises.
