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Spirits firm Diageo hits new high as China sales surge


By Arathy S Nair and Shashwat Awasthi(Reuters) - Diageo, the world's largest spirits company, beat half-year earnings and sales forecasts on stronger demand from China and India and said it would buy back 660 million pounds ($866 million) of shares, sending its stock to a new high on Thursday.Shares in the maker of Johnnie Walker Scotch and Smirnoff vodka, which also raised its dividend by 5 percent, climbed as much as 4.3 percent to 2,903 pence to top Britain's FTSE-100 index. They were up 4.1 percent at 2,887 pence at 1008 GMT.Diageo said organic net sales - excluding currency moves and ...

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First Published: Thu, January 31 2019. 15:45 IST