MIDAS VERDICT:

Spirits, wine and beer move in and out of fashion, but drinking with friends and family is surely as popular today as it was 70 years ago. And Diageo has proved that it can stay ahead. Midas recommended the stock in 2017 at £23.26, since when the price has risen 55 per cent to £35.98. Market turmoil has hit the shares of late, but Diageo is a long-term business, ideally suited for investors with long-term horizons. Keep the faith.