Beer and tea under pressure – tastes are changing
Financial results at Unilever and Diageo have been hampered by the changing tastes of the modern consumer.
Diageo’s (LON: DGE) interim results reflect the trends of the wider alcohol market: consumers are drinking more posh booze, but less overall. Volumes were flat on the previous year, but net sales rose 4% to £7.2bn.
Generating a revenue increase from higher prices is not an ideal situation, especially in a market which is being squeezed by a rising number of independent brewers and distilleries. That rising competition is reflected in…
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