Investors took a glass half empty view of the French drinks makers full-year results, shrugging off solid FY17 growth to focus on FX headwinds for the coming year.
Shares climb after increased stake revealed.
Cognac spikes lifts French drinks maker's Q1 sales growth
Remy Cointreau shares popped as much as 4% Thursday after the French drinks maker reported better-than-expected full year sales and profit and said momentum in China promised further growth.
The maker of Fendi fashions and Hennessy cognac posted posted a 15% increase in first-quarter sales easily beating analyst expectations.