United KingdomSpirits maker Diageo restarts capital return plan after strong recovery
Reuters
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A bartender takes a bottle of Johnnie Walker whisky in Almaty, Kazakhstan June 22, 2017. REUTERS/Shamil Zhumatov
Diageo (DGE.L) is expecting organic operating profit growth of at least 14% in the current fiscal year, the spirits maker said on Wednesday, while restarting its capital return plan following a strong recovery led by North America.
The UK-listed company, which makes Johnnie Walker whisky and Tanqueray gin, started the second part of its capital-return plan of up to 1 billion pounds ($1.41 billion) and expects to buy back shares starting today, it said, after pausing it last year because of the COVID-19 crisis.