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Top UK Stocks to Watch: US consumers remain thirsty for Diageo drinks
Joshua Warner January 28, 2021 9:52 AM
Diageo proves resilient as pubs and restaurants remain closed while Britvic sells where it can, airlines easyJet and Wizz Air continue to struggle, and Tate & Lyle is set to post a rise in profit. Share:
Top News: Diageo ups dividend as pandemic weighs on results
Diageo said sales and earnings took a hit in the first half of its financial year as coronavirus restrictions kept people at home, and warned it expects this to continue during the first six months of 2021.
The alcoholic drinks giant said net sales fell 4.5% in the last six months of 2020, but said organic net sales rose 1% despite the fact pubs and restaurants remain closed. It said North America was particularly strong with organic net sales growth of 12.3%, offse