Emerging markets were behind another strong quarter for drinks giant Diageo - the company saw organic sales climb 6 per cent in the period and the share price continues to make new highs.
IC TIP:
Buy
at
1611p
Fast growth in the developing economies of Latin America, Asia and Africa was complemented by a continued recovery in the US - the group's largest single market - where net sales climbed 5 per cent thanks to strong demand from premium and super-premium products. But trading was still tricky in Europe, with net sales there slipping by a percentage point. Analysts expect full-year EPS of 92p, up from 84p in 2011.
