Three to buy
Diageo
Spirits giant Diageo “offers rare resilience in a troubled market”. Despite “promising” full-year results released in July, when the group said pre-tax profits were up by 18.4%, the shares have fallen of late, so this is a good time to buy. In an inflationary environment “a favourite tipple” is an “affordable luxury”. Profits have risen by 50% in five years, and a strong US presence is giving them an additional fillip thanks to the strong dollar.
