Guinness owner Diageo expects 16% surge in first-half global sales

The company, which also owns Johnnie Walker whisky and Tanqueray gin, ended its fiscal 2021 with one of the highest growth rates in its history

Drinks giant Diageo - which owns Guinness and Baileys - is looking to continue to avoid any negative pandemic hit and post strong global sales growth in the first half of its new financial year.

Guinness and Baileys owner Diageo has said it expects to grow organic net sales in the double-digit percentage terms in the first half of its financial year, based on increased brand investments and a rapid consumer shift towards high-end brands.

Shares of the world's largest spirits maker rose as much as 3.4% to hit a record high of 3,948 pence.