Diageo sees 9.4% jump in organic net sales for first half as prices rise

Diageo PLC UK:DGE said Thursday that pretax profit rose in the first half of fiscal 2023, supported by better-than-expected sales volumes due to higher prices, and raised its dividend payout.

The London-based maker of Johnnie Walker Scotch whisky, Guinness stout and Smirnoff vodka made a pretax profit of 3.06 billion pounds ($3.73 billion) for the six months ended Dec. 31 compared with GBP2.72 billion the prior year.

Organic…

You May Also Like

California reparations push needs to be a ‘game-changer,’ author of bill says

“” — Shirley Weber, California secretary of state, addressing the Reparations Task…

EV startup VinFast may be worth more than Ford and GM, but there’s a catch

Shares of EV startup VinFast Auto Ltd. have given back some of…

Oil prices slump as Saudis cut prices

Oil futures slumped Monday, under pressure after Saudi Arabia cut crude prices…

Ford attacks potential U.K. government backtracking on net-zero commitments

Ford Motor Co. F has publicly attacked the U.K. government after a…