Shares of Guinness-maker Diageo hit an all-time high of £36.03 (€39.60) yesterday as the pound sank on the rising prospects of a no-deal Brexit.
Although the company is London-headquartered, most of its earnings come from outside the UK, so a weaker pound is a positive for earnings. The drinks-maker's stock has risen 29pc this year and by 96.5pc from £18.33 on June 23, 2016, when the UK voted to leave the EU in a referendum.
The world's largest spirits company, which makes Johnnie Walker whisky and Smirnoff vodka as well as Guinness, saw its operating profit soar by 10pc to £4bn for the year ended June 30.
Its big winner last year was a 'Game of Thrones'-inspired whisky called White Walker by Johnnie Walker.
The company also approved plans to return up to £4.5bn to shareholders from 2020-2022.
While the earnings and the prospect of share buybacks have boosted the stock, it does face some possible headwinds as a potential trade war with the US could hit sales of its products in America.