Diageo lifts forecasts as reopening of bars and pubs buoys sales

An increase in retailer confidence has seen higher stock levels in supermarkets and stores, while bars and restaurants have now reopened in all US states.

Spirits giant Diageo has lifted its trading forecasts after strong sales in the US drove a "good start" to the current financial year.

The Johnnie Walker and Guinness owner said it has been buoyed by "robust demand" in the off-trade, which covers supermarkets and retail stores, despite the continuing impact of the coronavirus pandemic.