Deutsche Bank reiterated HOLD rating on Burberry (BRBY.L), citing worsening currency exchange rates for the disappointing Q1 update earlier this week. Says results still show good sales momentum.

Oriel Securities maintains BUY rating on imperial Tobacco (IMT.L) as company confirms it is in talks to buy assets or certain brands from Reynolds American and Lorillard.

Jeffries expects upcoming results from International consolidated Airlines Group (IAG.MC), the owner of British Airways to be a positive turning point following the sectors recent negative sentiment.

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