Diageo
has issued a trading update. Its core brands are still doing extremely well,
particularly in the pre-mixed drinks category. Its disposals of non-core operations
are also looking good. The drinks company looks set to do well over the next
year despite the threat of recession, particularly if the Burger King spin-off
and the Captain Morgan acquisition go according to plan.
UK: Comment – Diageo: hitting the bottle and cutting out food
Diageo has issued a trading update. Its core brands are still doing extremely well, particularly in the pre-mixed drinks category. Its disposals of non-core operations are also looking good. The drinks company looks set to do well over the next year despite the threat of recession, particularly if the Burger King spin-off and the Captain Morgan acquisition go according to plan.