FTSE LIVE: French Connection losses spiral; Aston Martin lifts lid on IPO plans; BAT boss to retire

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FTSE LIVE: Sky takeover to go to auction; Aston Martin targets £5bn IPO; Diageo warns of profits hit; BAT boss to step down

Aston Martin has set a price range for its London listing of between £17.50 and £22.50 per ordinary share, valuing the luxury car maker at between £4billion and £5billion. 

Meanwhile, French Connection revealed widening losses as the struggling fashion retailer continues to ride out ‘difficult trading conditions’, and British American Tobacco’s longstanding chief executive said he will retire next April.  

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