Guinness maker Diageo beats half-year sales estimates

The company's net sales increased by 9.4% in the six months ending on December 31st

The alcohol market has been resilient amid a global cost of living crisis that has otherwise hit volumes at other consumer goods companies

Diageo, the world's largest spirits producer and maker of Guinness has exceeded half-year sales forecasts following price hikes and increased demand for spirits.

The company, which makes popular brands including Captain Morgan's rum, Ketel One vodka and Tanqueray gin announced that net sales increased by 9.4% in the six months ending on December 31st, exceeding previous forecasts of 7.9%.