4:00 PM Frankfurt – Associated British Foods net surged 59%. Alstom net swung to profit after revenues jumped 8%. Burberry net plunged 40%. E.ON net loss narrowed despite write down of assets related to spin-off. Munich Re net surged 30%.
In London trading, FTSE 100 index gained 57.68 or 0.8% to 6,900.81 and in Frankfurt the DAX index rose 1.31 or 0.2% to 10,484.42.
In Paris, CAC 40 index edged up 0.51 to 4,477.74.
Associated British Foods Plc
dropped 3.5% to 2,541 pence after the U.K.-based food processor and retailer reported revenues in the year ending on September 17 jumped 5% from a year ago to £13.4 billion.
Net income in the period surged 59.1% from a year ago to £821 million compared to the £516 million and diluted earnings per share advanced to 103.4 pence from 66.8 pence.
The retailer said operating profit in the year increased 3% to £1.12 billion from a year ago period.
soared 6.8% to €25.36 after France-based rail transport equipment maker said revenues in the first-half ending in September jumped 8% from a year ago to €3.6 billion.
Net in the quarter swung to profit from a year ago to €128 million compared to the loss of €57 million and diluted earnings per share swung to 22 cents from diluted loss per share of 31 cents
Burberry Group Plc
slipped 1.9% to 1,452 pence after the U.K.-based luxury goods wholesaler and retailer reported revenues in the first-half ending in September dropped 4% from a year ago to £1.2 billion.
Net income in the period plunged 39.7% from a year ago to £72 million compared to the £119.5 million and diluted earnings per share slumped to 16.2 pence from 26.7 pence.
The luxury goods retailer said pre-tax profit in the quarter declined 34% to £102 million, however, but as of September 30, net cash increased to £529 million from £459 million and operating expenses soared 11% to £692.6 million compared to a year ago period.
fell 0.05% to €6.41 after Germany-based energy solutions provider said net sales in the nine-month ending in September plunged 12% from a year ago to €28.2 billion.
Net loss in the period narrowed from a year ago to €3.9 billion compared to the €6.1 billion and diluted loss per share dropped to €2.02 from €3.14.
The energy solutions provider wrote down approx €6.1 billion related to spin-off of its conventional power and trading operations, Uniper SE in September.
E.ON forecasted operating profit in the year between €2.7 billion and €3.1 billion after operating profit in the nine-months declined 13% to €3.64 billion.
J Sainsbury Plc
declined 5.2% to 242.10 pence after the U.K.-based retail banking and supermarkets and convenience stores operator reported revenues in the first-half ending in September increased 2% from a year ago to £12.6 billion.
Net income in the period soared 13.3% from a year ago to £299 million compared to the £264 million and diluted earnings per share rose to 13.7 pence from 12.9 pence.
Sainsbury estimated operating profit in the full-year to meet the consensus £573 million and reaffirmed cost savings target of £500 million by fiscal 2018.
slumped 2.6% to €169.60 after Germany-based reinsurer said revenues in the third-quarter ending in September slid 1.1% from a year ago to €12.3 billion.
Net profit in the period surged 30.3% from a year ago to €685 million compared to the €520 million and diluted earnings per share increased to €4.30 from €3.14.