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Diageo First-Half Results Show Rebound in Six Global Brands, U.S. Spirits

Hard liquor in North America and beer in Africa are proving a tasty combination for drinks giant Diageo (DEO) , the U.K.-based maker of Johnnie Walker scotch, Guinness beer and Smirnoff vodka.

Full-year results show the company's six global brands and its U.S. spirits business all back to growth, and beer sales up amid strong gains in Africa, particularly in East Africa and Nigeria. Sales in greater China slipped 2% on declining Scotch sales, however.

Scotch sales overall - accounting for nearly a quarter of the group...