Statements from drinks maker Diageo on ‘difficult' European sales have pushed the FTSE 100 index down about 3 points to 4,498.
Diageo is down 27.5p to 656p after sales of vodka fell. Whitbread is down 29p to 787.5p after the owner of Travel Inn hotels reported earnings that fell short of analysts’ expectations. British Airways is off by 2.75p to 222p after chief European competitor Air France reported strong growth in earnings and profit on growing passenger numbers. BAE Systems is up 3.25p to 208.25p after analysts at Deutsche Bank raised their share price target. Tesco has gained 1.5p to 265p, regaining some of yesterday’s losses sparked by analysts’ fears competition in the supermarket sector will co...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
