Friday, March 24, 2006

Pernod tops up annual earnings growth forecast

The Guardian, Financial

By Simon Bowers

Pernod Ricard, the French drinks group which last year acquired its larger British rival Allied Domecq for £7.4bn, said yesterday it was making better progress than expected integrating the two businesses.
The group raised earnings per share growth guidance for the year to the end of June, targeting "the top" of its previous 10-15% range. Former Allied brands Kahlua and Sauza were said to be "struggling".


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