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Diageo improves outlook as US demand rises

The drinks giant is staring to see a gradual recovery in many of its chief markets
Diageo improves outlook as US demand rises

Diageo (DGE) has briefed on its trading prospects for the year to June 2021, which are looking better partly on the basis of an improved showing in the US. The liquor giant now expects sequential improvement in organic net sales and operating profit compared to the second half of the June year-end, although results will still suffer by comparison to the first half of FY2020.

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