4:00 PM Frankfurt Beiersdorf profit soared 14%. ING net swung to profit to 3.1 billion. London Stock Exchange profit climbed 27%. Societe Generale profit surged 78% to 2.2 billion. Standard Chartered net tumbled 36% to $1.5 billion. UniCredit profit declined 7% 1.03 billion.
In London trading, FTSE 100 index gained 47.57 or 0.7% to 6,734.48 and in Frankfurt the DAX index increased 160.76 or 1.4% to 11,616.31.
In Paris, CAC 40 index jumped 80.35 or 1.6% to 5,192.
N.V, Nationale Borg-Maatschappij
, the Netherlands-based privately held insurance company along with its affiliates agreed to be acquired by the U.S.-based AmTrust Financial Services, Inc, property and casualty insurance company for about 154 million in cash from Egeria and HAL Investments.
The transaction is expected to close by the end of this year.
jumped 3.1% to 82.50 after the Germany-based personal and cosmetic products maker reported total revenues in the first-half ending in June climbed 7.3% to 3.40 billion or 3.17 billion in a year ago period.
Net profit in the period soared 13.6% from a year ago to 351 million compared to 309 billion.
The Nivea skin care products maker said sales in Eastern Europe region jumped 6.4% but sales in Western Europe dropped 1.4%.
Beiersdorf forecasted sales for the year in the consumer business segment to increase between 3% and 5%.
ING Groep NV
, the Netherlands-based financial services provider said revenues in the first-half ending in June soared 11.9% to 8.51 billion or 7.60 billion in a year ago period.
Net in the period swung to profit from a year ago to 3.13 billion compared to a loss of 851 million and diluted earnings per share swung to 0.81 from diluted loss per share of 0.22.
During the first-half, the bank added 600,000 new individual customers and total customer deposits in the quarter climbed 9.3 billion and consumer lending jumped by 1 billion to 5 billion in less than two-years.
London Stock Exchange Group Plc
edged up 0.08% to 2,580 pence after the U.K.-based trading exchange operator said revenues in the first-half ending in June surged 90% to£1.17 billion from £611.5 million in a year ago period.
Profit in the period climbed 26.5% from a year ago to £150.3 million compared to £118.8 million and diluted earnings per share jumped to 42.8 pence from 39.8 pence.
Societe Generale SA
surged 8.9% to 48.63 after the France-based bank reported interest income in the first-half ending in June jumped 4.1% to 12.52 billion or 12.03 billion in a year ago period.
Net profit in the period surged 77.6% from a year ago to 2.22 billion compared to 1.25 billion and diluted earnings per share jumped to 2.54 from 1.37.
Standard Chartered Plc
increased 1.7% to 969.22 pence after the U.K.-based bank reported revenues in the first-half ending in June declined 10.8% to $7.67 billion from $8.60 billion in a year ago period.
Profit in the period tumbled 36.3% from a year ago to $1.53 billion compared to $2.40 billion and diluted earnings per share dropped to 58.3 cents from 94 cents.
The bank said impairment losses on loans and advances in the period widened to $1.65 billion compared to $846 million a year ago period.
soared 6.4% to 24.29 after the Italy-based financial services provider reported total group revenues in the first-half ending in June gained 0.9% to 11.48 billion or 11.39 billion in a year ago period.
Net profit in the period declined 7.3% from a year ago to 1.03 billion compared to 1.12 billion.
The bank set aside 913 million to cover loans losses, less than from 1 billion in a year ago period and improved assets performance after creating a division to reduce the non-core assets.