High Times for Diageo

The owner of alcohol brands such as Johnnie Walker and Guinness had a flush year, and it predicts the profits will just keep rolling

Investors are raising a glass to Diageo. The owner of Johnnie Walker whisky, Smirnoff vodka, and Guinness stout on Feb. 15 raised its profit forecast on strong demand for its booze and brews. That sent shares in the world's largest drinks group up more than 2%.

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