Diageo full year net up 7% to 1.62 bn pounds

The World`s largest spirits player
Diageo on Thursday reported 7 per cent growth in net profit to 1.62
billion pounds for the year ended June 30, 2009, helped by
favourable foreign exchange movement.

Diageo`s spirited talks for stake in Mallya`s firm USL fail

World`s largest alcohol player Diageo`s protracted efforts for a pie in India`s liquor king Vijay Mallya`s group firm failed on Tuesday but neither side gave reasons for the abrupt ending.