BEIJING (AP) — Lunar New Year festivals and prayers marked the start of the Year of the Snake around Asia and farther afield on Wednesday — including in Moscow.
Diageo's new finance chief Nik Jhangiani is under pressure to row back on the spirits giant's medium-term sales goals next week, which some investors say may no longer be realistic given sliding sales across the sector. "We believe that 7% is hardly achievable in the medium to long-term," said Kai Lehmann, a senior analyst at Flossbach von Storch, a top 20 investor in Diageo according to LSEG data. New CEO Debra Crew took over in June 2023, months before a build-up of stock in Latin America prompted a profit warning and rattled confidence in Diageo's management.