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Allied will get out of retailing and tie up with another drinks group.
Diageo added 5p to 1982.5p as Citigroup issued a positive note on the drinks group.
But Irish drinks group C&C lost more than 16% to €1.84.
If it pushed Rentokil higher, Deutsche Bank did the opposite to drinks group Diageo.
A sobering trading statement from Allied Domecq pushed most of the drinks group into the gutter yesterday.
Other recent examples include drinks group Diageo, Morrisons supermarket, Cadbury's owner Mondelez, confectioner Mars, and retailers Debenhams and Halfords.
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It is as French as berets and pétanque but now drinks groups are trying to boost flagging sales of pastis by shaking off the national drink's fusty image and recasting it as a trendy long summer drink.
One merger which unravelled during the week was the tie-up between soft drinks groups Britvic, up 13.9p to 403.9p yesterday, and Irn Bru maker AG Barr, 10p better at 512.5p.
It is no coincidence that two of the top champagne brands, Krug and Dom Pérignon, are owned, not by one of the world's large drinks groups, but French luxury goods conglomerate Louis Vuitton Moët Hennessy.
36 We aggregated the Living Costs and Food Survey drinks groups into groups as set out in figure 2 for the purposes of simulating the effects of a sugar sweetened drink tax.
In France, rumors of a takeover of Danone, the large food and drink group, by PepsiCo set off an uproar in 2005.
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