Spirits maker Diageo restarts capital return plan after strong recovery

May 12 (Reuters) - Spirits maker Diageo DGE.L said on Wednesday it was expecting organic operating profit growth to be at least 14% in its current fiscal year, while restarting its capital return program after a strong recovery led by North America.

UK-listed Diageo started the second part of its return of capital plan of up to 1 billion pounds ($1.41 billion) and was expecting to buy back shares starting today, it said, after pausing it last year because of the COVID-19 crisis.

($1 = 0.7076 pounds)

(Reporting by Muvija M in Bengaluru; Editing by Anil D'Silva)

((Muvija.M@thomsonreuters.com; within UK: +44 20 7542 1810, outside UK: +91 80 61822698; Twitter: https://twitter.com/muvija_m;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.