Guinness owner benefits from gin demand
Guinness owner Diageo has posted a rise in profits for the year as the gin boom continued to drive sales growth in the UK.
The Gordon's owner saw operating profits jump by 9pc to £4bn (€4.5bn) for the year to June 30.
The company said rising profits were driven by organic growth of its key brands following significant investment.
Ivan Menezes, chief executive of Diageo, said: "Diageo has delivered another year of strong performance.
"Organic volume and net sales growth was broad-based across regions and categories, with new product innovation being a strong contributor.
"These results reflect the steady progress we are making and, as we look ahead, we see attractive opportunities to deliver consistent growth and create shareholder value."