4:00 PM Frankfurt Barclays agreed to sell its UAE retail banking business CaixaBank agreed to acquire Spanish operations for £800 million. Havas net climbed 7% to 62 million. Iliad revised its offer for T-Mobile Stake.
In London trading, FTSE 100 index edged down 0.07% or 4.88 to 6,814.87 and in Frankfurt the DAX index slid 0.1% or 10.35 to 9,459.82.
In Paris, CAC 40 index fell 0.2% or 8.47 to 4,372.57.
slid 0.3% to 223.73 pence after the U.K.-based financial services provider completed the sale of its UAE retail banking business to Abu Dhabi Islamic Bank at an estimated pre-tax gain of £119 million.
In next two years, Barclays plans to reduce its non-core investment bank risk-weighted assets to about £50 billion and leverage exposure to around£180 billion and expects to increase capital at the group level by the end of 2016.
fell 0.4% to 4.56 after the Spain-based commercial bank agreed to acquire Spanish retail and corporate banking operations of Barclays Plc for about £800 million or $1.1 billion in cash.
After this transaction, Barclays booked after-tax loss of £400 million on the transaction that will be reported in the third-quarter and will also incur a loss of £100 million after completion of the deal.
gained 1.1% to 6.29 after the France-based advertising and communication group reported revenue in the first-half ending in June jumped 2.7% to 867 million from 844 million a year ago period.
Net income in the period climbed 6.9% from a year ago to 62 million compared to 58 million and earnings per share was flat at 0.15 from a year earlier.
As of June, the company said net financial debt dropped at 222 million compared to net financial debt of 367 million a year ago.
plunged 8.2% to 153.55 after the France-based mobile company is in talk with potential buyout partners to make a new offer for Deutsche Telekom AG''s T-Mobile US, Inc.
Deutsche Telekom, the parent of T-Mobile is looking for $35 a share and Iliad is looking for potential financial partners for the revised bid.
In August, Iliad offered to acquire 56.6% in T-Mobile US and offered $15 billion in cash for $33 a share. The offer was rejected by Deutsche Telekom on August 8.
The company said revenue in the first-half ending in June climbed 10% to 2.02 billion from 1.83 billion a year ago period.
Profit in the period dropped 1.3% from a year earlier to 139.9 million compared to 141.8 million.