Both Danone and Diageo issued stark profit warnings this week, blaming the outbreak of the coronavirus for the negative impact on sales and profits. Diageo, the owner of global drink brands like Guinness, Baileys and Smirnoff, said the spread of the coronavirus would negatively hit its operating profits by in the region of £140m to £200m (€165m to €237m). The company said it expected its sales for 2020 to be down by between £225m and £325m (€267m to €385m).