Guinness stout-to-Veuve Clicquot champagne producer Diageo will announce that revenue has broken the £10bn mark in its annual results this week.
Last year, Diageo fell just short of £10bn, but with rapid growth in emerging markets and Americans enjoying its spirits, sales growth will be around 8 per cent. Operating profit before exceptional, one-off costs, should be more than £3.1bn against nearly £2.3bn last year.
Analysts at Oriel Securities argued that the group's strength in countries that are already drowning in beer, tequila and whisky is impressive. In a note, Oriel said: "This ability to grow the core business in mature markets, where margins are predictably strong and currencies typically more stable, remains a salient attraction [to buy Diageo stock]."
Also reporting next week is commodities giant Glencore. Investors and analysts will be hoping for an update on its proposed megamerger with mining group Xstrata.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies