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.


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