Diageo stock increased by 4% this morning after it announced an improved profit growth forecast for the 2021 fiscal year.

Diageo managed to grow organic sales by 1% in the six months to December 31 despite suffering from restrictions on the on-trade and travel retail.

Asahi aims to raise up to $1.5 billion in a share offering to repay loans taken out to buy Carlton & United Breweries from AB InBev.

China’s alcoholic drinks production sector decreased by 8.6% to 249.7 billion yuan ($35.2 billion) in the first four months of 2020, according to new government figures.

Pernod Ricard has revealed a 15% organic decline in sales for the three months to March 31.

AB Inbev has slashed its proposed dividend in half due to the uncertainty, volatility and continued impact of the COVID-19 pandemic.

Diageo has suspended share buybacks for the rest of the year as a result of financial uncertainty sparked by the coronavirus outbreak.

Carlsberg has announced that sales advances in Russia and Asia offset difficulties in Europe during H1 of 2012.

Pernod Ricard has announced the sale of its minority shareholding in Suntory Holdings, which stands at around 1%.

Pernod Ricard has reported a sales increase of 13% to €4.28 billion in its half year results.

The economic contribution of Europe's spirits industry to the European economy has been revealed in a new report. The report was prepared by Ernst & Young and commissioned by CEPS – the trade body for the European spirits industry.

A new study has revealed that Scotch whisky is worth £4 billion a year in added value to the Scottish economy - with the industry spending in excess of £1.1 billion annually on supplies produced in Scotland.

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