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BUZZ-Pernod: in poor spirits after FY revenues miss

Reuters - UK Focus

** French drinks maker Pernod Ricard (Paris: FR0000120693 - news) lone faller on FTSEurofirst 300, down 3.3 pct, after slight FY miss on low US growth

** FY 2014/15 underlying profit up 2 pct vs 1-3 pct guidance

** A 404 mln euro impairment charge on its Absolut vodka, which faces lower US growth, weighed on net profit (US co's largest market)

** Peer Diageo manages 1.1% gain, albeit underperforming 2.1% rise on FTSE 100 ; one broker in pre-market had anticipated negative read-through from Pernod/weak US growth (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)