Spirits Giants' Sales Growth

Spirits guants Diageo and Pernod Ricard have announced 1.8% and 3% sales growth respectively for the half-year 2015-16. The results for the groups were both justified as in line with trading conditions, which remain tough in some key markets. Diageo CE Ivan Menezes said: "We have delivered volume growth, a stronger top line, improved the performance of our key brands, driven cost productivity and continued to generate strong cash flow. While trading conditions remain challenging in some markets, Diageo's brands, capabilities in marketing and innovation and our route to consumer have proved resilient. I am confident that Diageo can deliver improved, sustained performance."