Shares in Diageo have fallen after news that its Guinness Irish brewing operations are affected by a strike for the first time in over 25 years.
At 2.30 p.m., shares in Diageo were down 1.2 per cent or 8½p at 707p on the London Stock Exchange.
A company spokeswoman says industrial action is underway in Ireland over plans to close a packaging plant in Dundalk, Co Louth.
But she says she is unable to confirm how many workers were taking part or to what extent brewing operations are being affected.
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Guinness wound down operations at its five Irish breweries yesterday in advance of the strike.
The company has estimated that a prolonged strike would cost it £15 million a week, including £5 million in exports.
PA
