Diageo cheers strong start to new financial year
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Ivan Menezes, group chief executive, said: “The fiscal year 2017 has started well. As expected, the momentum we created last year, strengthening our business through improved marketing, innovation, and commercial execution, has set us up to deliver a stronger performance.”
The update came ahead of the shareholder AGM yesterday of Diageo, Scotland’s biggest whisky company, whose brands include Johnnie Walker whisky, Smirnoff vodka and Guinness.
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Hide AdIn July, the group posted a 3.5 per cent rise in operating profits to £2.8 billion on like-for-like revenues up 2.8 per cent at £10.5bn, as the spirits giant recovered its momentum after two flat years battling against an emerging market slowdown.