4:00 PM Frankfurt – Actelion in preliminary talk with the U.S.-based rivals ZS Pharma for $2.5 billion. Gerry Weber profit tumbled 49% but revenues jumped 5%. J D Wetherspoon profit soared 9% on 7% increase in revenues. Jelf received £258 million offer from Marsh & McLennan.
In London trading, FTSE 100 index fell 31.43 or 0.5% to 6,124.28 and in Frankfurt the DAX index decreased 54.48 or 0.5% to 10,155.96.
In Paris, CAC 40 index slipped 38.32 or 0.8% to 4,560.27.
For the week, FTSE 100 index increased 1.4% and the DAX index rose 1.2% and the CAC 40 index gained 0.8%.
declined 4.2% to 131.50 Swiss francs after the Switzerland-based biopharmaceutical company is in preliminary talk with the U.S.-based rival ZS Pharma Inc for about $2.5 billion.
ZS Pharma Inc soared 4.8% to $78.30.
Gerry Weber International AG
tumbled 9.8% to 17.34 after the apparel retailer reported revenues in the nine-month ending in July increased 5.1% from a year ago to €630.5 million from €600 million.
Net profit in the period tumbled 48.5% from a year ago to €22.2 million compared to €43.1 million and earnings per share declined to €0.48 from €0.94.
The retailer said expenses for the nine-month period jumped 19.8% to €136.2 million from €113.7 million, including €13.9 million for the acquisition of HALLHUBER and consolidated since February 2015.
Other operating expenses surged 25.2% to €188.3 million from €150.4 million.
J D Wetherspoon Plc
slid 0.3% to 717.90 pence after the U.K.-based pubs and hotels operator said revenues in the year ending on July 26jumped 7.4% from a year ago to £1.51 billion form £1.41 billion.
Comparable sales in the year sales increased 3.3%.
Net profit in the year soared 9% from a year ago to £44.8 million compared to £41.1 million and diluted earnings per share increased to 36.7 pence from 32.8 pence.
Jelf Group Plc
plummeted 6.6% to 212 pence after the U.K.-based insurance broker and financial services provider received acquisition offer from the U.S.-based rival Marsh & McLennan Companies, Inc for 215 pence per share or £258 million.
Murray Income Trust Plc
rose 0.3% to 677 pence after the U.K.-based investment company stated revenues in the year ending in June advanced 6.7% from a year ago to £25.5 million form £23.9 million.
Net in the year swung to a loss from a year ago to £11.5 million compared to profit of £68.4 million and diluted loss per share swung to a 16.9 pence from earnings per share of 100.7 pence.