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Market Update

Dassault Aviation Wins $20 Billion Order from India

Author: Nigel Thomas
Last Update: 11:37 AM ET April 13 2015

4:00 PM Frankfurt Dassault Aviation secured an order to supply 36 Rafale aircraft to India. Henkel fell on weak outlook for the year. Orad Hi Tec Systems agreed to buy the U.S.-based Avid Technology for 5.67 per share. Shell agreed to sell 185 gas stations.

In London trading, FTSE 100 index fell 0.4% or 27.08 to 7,062.69 and in Frankfurt the DAX index slid 0.3% or 32.40 to 12,342.33.

In Paris, CAC 40 index rose 0.2% or 12.17 to 5,252.63.

Dassault Aviation SA jumped 2.1% to 1200 after the France-based civil and military aircrafts maker secured an order to supply 36 Rafale aircrafts to defense ministry of India in a substantial deal worth $20 billion.

Henkel AG & Co KGaA fell 0.4% to 114.70 after the Germany-based specialty detergents maker forecasted organic sales for the fiscal 2015 between 3% and 5% and adjusted return on sales 16%.

The company said adjusted earnings per share for the year of about 10%.

Orad Hi Tec Systems Ltd surged 35.8% to 5.45 after the Israel-based electro-optical, video services provider agreed to buy the U.S.-based Avid Technology Inc for 5.67 per share in cash.

The transaction is expected to close in June.

Shares of Orad Hi-Tec Systems Ltd surged 35.8% to 5.45.

Royal Dutch Shell Plc gained 0.8% to 2,043 pence after the U.K.-based oil and gas explorer agreed to sell 185 of its British service stations to a selected independent dealers to reduce the number of Shell company-owned service stations to around 550.

Ninety stations will be acquire by Motor Fuel Group while 68 stations headed by Euro Garages.

The transfer of these service stations to the new owners will be completed by the end of this year.

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