News Snapshot:
(Reuters) French spirits maker Pernod Ricard said on Wednesday it was confident its sales momentum would continue this year after a rebound in demand in China and the United States helped it to deliver stronger-than expected annual profits. With recurring cash flow at an historical high of 1.745 billion euros at end-June, Pernod, which bought a minority stake in U.S. wines and spirits company Sovereign Brands, also said it would resume its 500 million euros ($590.60 million) buyback program for the fiscal year 2021/22. Its shares were up 3% by 0830 GMT, making it the biggest gainer on the Paris...
