4:00 PM Frankfurt Allianz net surged 35% as PIMCO attracts first positive net fund flows since 2013. Bechtle net and revenues jumped. Utility provider Enel net soared 32% but revenues declined 10%. Renewable energy provider Innogy net tumbled 30%. SIG tumbled after weak profit forecast.
In London trading, FTSE 100 index declined 83.74 or 1.2% to 6,743.98 and in Frankfurt the DAX index increased 37.77 or 0.4% to 10,667.13.
In Paris, CAC 40 index slumped 27.75 or 0.6% to 4,503.20.
For the week, FTSE 100 index gained 0.8%, the DAX index surged 4% and the CAC 40 index jumped 2.9%.
jumped 2.8% to 152.90 after Germany-based reinsurance and financial services provider reported revenues in the third-quarter ending in September rose 0.5% from a year ago to 27.7 billion.
Net profit in the quarter surged 35.1% from a year ago to 1.9 billion compared to the 1.4 million and diluted earnings per share jumped to 4.08 from 2.98.
Allianz said its U.S. based asset management arm PIMCO in the quarter attracted net positive fund in three years of about 4.7 billion.
Improvements from our Renewal Agenda are bearing fruit and keeping us on track to reach operating profit target for the full year,"" chief financial officer Dieter Wemmer said.
The insurance services provider reaffirmed operating profit forecast in the year of 10.5 billion with a band of 500 million.
rose 0.1% to 92.24 after Germany-based information technology provider reported revenues in the third-quarter ending in September jumped 6.4% from a year ago to 730 million.
Net profit in the quarter advanced 9.4% from a year ago to 25.8 million compared to 23.6 million and diluted earnings per share increased to 1.23 from 1.13.
gained 1.3% to 3.69 after Italy-based electricity and gas services provider said revenues in the nine-month ending in September declined 9.8% from a year ago to 51.5 billion.
Net profit in the quarter soared 32% from a year ago to 2.8 billion compared to 2.1 million and diluted earnings per share jumped to 4.08 from 2.98.
The utility provider said as of September 30, net debt dropped 1.9% to 36.82 billion from 37.55 billion at the end of 2015.
fell 2.4% to 152.90 after Germany-based renewable energy services provider reported revenues in the third-quarter ending in September plunged 5.4% from a year ago to 31.5 billion.
Net profit in the quarter tumbled 29.9% from a year ago to 1.01 billion compared to the 1.4 million and diluted earnings per share jumped to 4.08 from 2.98.
As of September 30, Innogy said net debt soared 12 billion to 18.7 billion total compared to 6.67 billion in December 2015. The company said substantial increase in net financial debt was largely due to the fact that the energy service provider did not establish the desired capital structure until the period under review.
plunged 8.5% to 200.25 pence after the U.K.-based platinum and precious metal miner said it plans to acquire Anglo American Platinum Ltd''s stake in its joint venture for Pandora mine for about $28 million or 400 million rand.
tumbled 22% to 90.25 pence after the U.K.-based buildings products distributor warned that operating profits in the full-year may be weaker than expected and the company blamed it on business slowdown after the EU referendum.
The distributor estimated operating profit between £75 million and £80 million.
Separately, the buildings products distributor said its chief executive Stuart Mitchell stepped down by ""mutual agreement"" and has been replaced by non-executive director Mel Ewell.