4:00 PM Frankfurt Altice is said to step up non-core asset sale as it struggles under mountain of debt. Centrica issue profit warning as customer loss continues. Remy Cointreau net surged. Thyssenkrupp quarterly results swung to a loss.
In London trading, FTSE 100 index edged up 0.44 to 7,419.46 and in Frankfurt the DAX index slid 2.27 to 13,012.77.
In Paris, CAC 40 index increased 28 or 0.5% to 5,380.76.
jumped 5.2% to 7.95 after the Financial Times reported that the Netherlands-based telecom and cable services provider intends to sell its network in the Dominican Republic as the company plans to sell non-core assets and reduce debt.
Earlier in the month, Altice said it had identified non-core assets that may be sold after the sale of the U.S. subsidiary.
tumbled 15% to 138.80 pence after the U.K.-based energy services provider said in the second-half, energy supply businesses may decline as its North American unit struggles.
Centrica forecasted full-year earnings per share likely to be about 12.5 pence lower than market consensus that impacted by the North America business one-off non-cash charge of £46 million or $61.1 million.
Centrica said the number of U.K. energy supply accounts had reduced by 823,000, loss of 6% customers between July and October and the U.K. Home services account declined to 39,000.
However, Centrica lifted fiscal efficiency-savings estimate to about £300 million from £250 million, in addition to savings of £384 million in 2016.
We provided broad and definitive set of proposals this week to improve the U.K. energy market for customers and look forward to engaging with the government and regulator in the coming weeks, said group chief executive officer Iain Conn.
Eisen- und Huettenwerke AG
, the Germany-based iron, steel and other metals processor said revenues in the third-quarter ending in October slumped 2.8% from a year ago to 291 million.
Net profit in the period plunged 60.1% to 8.9 million from 22.3 million in a year ago period.
Remy Cointreau SA
declined 3.1% to 107.80 after France-based wines and spirits maker reported revenues in the first-half ending in September jumped 6% from a year ago to 544.4 million.
Net profit in the period surged 17.3% to 89.2 million from 76 million in a year ago period and diluted earnings per share advanced to 1.80 from 1.56.
The wines and spirits maker said operating profit in the period soared 8.2% to 134.1 million from the same period a year ago.
advanced 2.9% to 22.57 after Germany-based diversified industrial conglomerate reported net sales in the year ending in September surged 8.9% from a year ago to 41.4 billion.
Net in the year swung to a loss of 591 million from profit of 261 million in a year ago period and diluted loss per share swung to 1.15 from diluted earnings per share of 0.52.
ThyssenKrupp said new orders soared 18% to 42.8 billion.
The industrial conglomerate lifted fiscal 2018 operating profit forecast to between 1.8 billion and 2 billion from the earlier estimate of 1.7 billion.