[1] Diageo and Burberry tarnished as trade war hit Moet-maker
Diageo PLC (LSE:DGE) and Burberry Group PLC (LSE:BRBY) face headwinds ahead, analysts said as they read across from a trading update from luxury giant Louis Vuitton Moet Hennessy (EPA:MC).
As well as making Johnnie Walker and Crown Royal whiskey, Smirnoff and Ciroc vodka, Diageo also has a 34% stake in LVMH’s Wine & Spirits division. Read more …
[2] MHA floats on AIM with £98mln raise
UK accounting firm MHA Plc (LSE:MHA) made its AIM market debut on Tuesday with a £271 million valuation. The shares moved to a modest first-day small premium. Read more …
[3] Aviva is a top pick in the life insurance sector
Aviva PLC (LSE:AV.) was tipped as Deutsche Bank's top pick among the UK life insurers, ahead of the FTSE 100 group's first-quarter update in May. The investment bank nudged up its share price target to 570p from 565p. Read more …
[4] FTSE 100 climbs 118 points
London’s blue-chip benchmark was up 118 points, 1.46%, on Tuesday closing the session at 8,252 – as Wall Street made a positive start across the pond. Read more …
[5] Deltic soars as Selene is upgraded
Deltic Energy PLC shares soared nearly 40% in Tuesday’s trade thanks to upgraded to its Selene gas discovery, in the North Sea, where contingent resources are now up 33% to 174 billion cubic feet. The updated valuation estimates lifted net present value to between $83 million and $114 million, depending on gas prices. Read more ...