Diageo said today it expects trends for the full year to be similar to those delivered in the first half.

The company, which makes Smirnoff vodka, Guinness beer and Cuervo tequila, said trading in the second half of the year was in line with expectations outlined at the time of the interim results.

Organic growth grew 3% in the first half and organic growth of net sales was 6%, according to reports.

The company says it is likely to suffer from adverse exchange rates, which, according to media reports, could slash up to E150m (£95-£100m) from its full-year profits.

Diageo will announce its trading results on September 2, for the year to June 30.

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