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Global markets help drive Diageo profit

Diageo, the world's biggest drinks maker, saw pre-tax profits increase by 12% to £2.24bn in the year to the end of June.

The firm, whose brands include Guinness, Smirnoff and Johnnie Walker, said developing markets had offset weakness in western Europe and the US.

Exposure to a wide range of markets left it confident for future growth, it added.

Diageo's overall sales grew 5% to £9.9bn.

Theo Leggett reports.

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