Diageo Dips, Air France-KLM Plunges, Maersk Slides
On this episode of Stock Movers:
- Diageo lowered its full-year outlook for sales and profit as weak demand in China and the US weigh on the British distiller.
- Air France-KLM plunged the most in three years after the Franco-Dutch airline group reported earnings that missed expectations, hurt by strikes and higher taxes.
- Maersk shares fell with investor disappointment over a smaller-than-expected improvement in the container-shipping giant’s full-year profit guidance.
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