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Diageo moves to lower end of guidance

The drinks giant isn't immune to volatile end markets
Diageo moves to lower end of guidance

Shareholders in Diageo (DGE) aren’t accustomed to a white-knuckle ride. Predictable sales and cash flows translate into a steadily increasing income stream. Not quite a bond proxy, but the sin stock certainly falls under the ‘buy and hold’ classification.

IC TIP: Hold at 3,103p

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