Diageo shares are tipped as a "buy" in The Sunday Telegraph's Equity View column. Chief executive Paul Walsh seems committed to returning value to shareholders, with the buyback programme doubled last year and the dividend recently increased by 5%. Walsh has also proved effective at milking value from the portfolio, while the sheer scale of Diageo creates opportunities in emerging markets. Whatever happens to the economy, Diageo seems set to continue generating cash and throwing off dividends. The Sunday Telegraph 17/09/06 (Business) page 9 The Mail on Sunday 17/09/06 (live magazine) pages  34 & 35