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Market Update

Balfour Beatty Wins Thames Contract; Clarkson, WPP Profit Surge


Author: Nigel Thomas
ticker.com
Last Update: 11:16 AM ET March 09 2015

4:00 PM Frankfurt Air France KLM passenger traffic in February increased 0.6%. Balfour Beatty was appointed as civil contractor for Thames Flood Works. Clarkson revenues increase in revenues. WPP profit climbed 14% to 1.2 billion.

In London trading, FTSE 100 index slipped 0.5% or 34.20 to 6,877.60 and in Frankfurt the DAX index rose 0.1% or 17.05 to 11,568.02.

In Paris, CAC 40 index fell 0.4% or 20.57 to 4,943.78.

Air France KLM SA gained 1.8% to 7.16 after the France-based airline reported passenger traffic in February increased 0.6% and total group passengers carried jumped 1.9% to 5.92 million and load factor rose 0.1% to 82.3% from 82.2% in the same month a year ago.

The company said revenue pax-kilometers gained 0.6% to 17.20 billion from 17.11 billion in February 2014.

Balfour Beatty Plc slipped 1.6% to 239.60 pence after the U.K.-based infrastructure developer was appointed as the civil contractor for an integrated team for ten-year Thames Estuary Asset Management Program on behalf of the Environment Agency for about 250 million.

Clarkson Plc climbed 3.6% to 2,058 pence after the U.K.-based shipping services provider said revenues in the year ending in December soared 20.2% to 237.9 million from 198 million a year ago period.

Net profit in the year surged 12.4% form a year ago to 17.2 million compared to 15.3 million and diluted earnings per share jumped to 89.6 pence from 80.4 pence in the same period a year ago.

WPP Plc, the U.K.-based advertising company reported revenues in the year ending in December jumped 4.6% to 11.53 billion from 11.02 billion a year ago period.

Net profit in the year climbed 13.8% form a year ago to 1.15 billion compared to 1.01 billion and diluted earnings per share soared to 80.5 pence from 69.6 pence in the same period a year ago.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc