Diageo Raises Glass To Boosted Profits

Diageo raised a glass to boosted profits today despite facing declining sales of Guinness in the product's Irish homeland. However, Guinness sales in other countries continues to increase. The company reported pre-tax profits lifted to £2.1BN during the year to June 30, compared with £1.9BN for the same period last year. Diageo, whose drinks include Captain Morgan Rum, Jose Cuervo tequila, Blossom Hill wines, Smirnoff vodka and many others, said there is optimism over new alcoholic fruit drink Quinn's, which was launched in May & packaged in a new glass bottle.