Guinness owner set to reveal strong growth as economy opens up

Diageo makes Guinness, Johnnie Walker, Smirnoff and Captain Morgan

Analysts are predicting pre-tax profits of €2.87bn for Diageo, a 9% rise. Picture: Gareth Chaney/Collins

Drinks giant Diageo is expected to reveal a boost in profits close to pre-pandemic levels, as the company updates the stock market on how it fared in the second half of 2021. 

Analysts are predicting pre-tax profits of £2.4bn (€2.87bn)- a 9% rise on the £2.2bn (€2.63bn) recorded during the six months to the end of December 2020. It saw pre-tax profits of £2.46bn (€2.94bn) in the same period before the pandemic hit.