European shares hit a 10-month high this week but fell back on Friday, tracking losses on Wall Street.
Talk that LVMH could sell its coveted Moët Hennessy division to long-time suitor Diageo sent the luxury brand group’s shares higher. LVMH has repeatedly denied it is planning to sell, in spite of rumours that Diageo is a willing buyer. It ended the week up 3.2 per cent at €65.62.
