4:00 PM Frankfurt Carrefour net swung to a loss on weak sales and nonrecurring charges. Essilor profit decline was driven by Luxottica merger costs. Groupe PSA net jumped 14% on 21% surge in revenues. WPP tumbled as online advertising crimp growth.
In London trading, FTSE 100 index dropped 44.86 or 0.6% to 7,187.05 and in Frankfurt the DAX index slumped 169.36 or 1.4% to 12,266.49.
In Paris, CAC 40 index declined 55.20 or 1% to 5,265.29.
plunged 5.9% to 17.83 after France-based hypermarkets and supermarkets operator said group sales in the year ending in December advanced 2.9% from a year ago to 88.2 billion.
Net in the year swung to a loss of 531 million from profit of 746 million in a year ago period.
The retailer said net loss was driven by nonrecurring charges but as of December 31, 2017, net debt dropped to 3.7 billion from 4.5 billion in a year ago period.
Essilor International SA
soared 4.2% to 112.40 after France-based ophthalmic optics lenses maker reported revenues in the year ending in December jumped 5.6% from a year ago to 7.5 billion.
Net income in the year slid 0.2% to 878 million from 880 million in a year ago period and diluted earnings per share slumped to 3.57 from 3.71.
Essilor forecasted fiscal 2018 revenues growth of about 4% and contribution from operations more than or equal to 18.3% of revenue.
The optics lenses maker said fall in profit was driven by finalization of the proposed merger with Luxottica Group SpA planned in the first-half of 2018.
Yesterday, the European Commission approved 48 billion or $58 billion merger of Italy-based eyewear specialist Luxottica and Essilor without conditions.
dropped 1.1% 19.60 after France-based automobiles and motorcycles maker said revenues in the year ending in December soared 20.7% from a year ago to 65.2 billion.
Net income in the year jumped 14.3% to 2.4 billion from 2.1 billion in a year ago period and diluted earnings per share advanced to 2.05 from 1.93.
The passenger cars and light commercial vehicles maker said revenues in its PCD Automotive division jumped 9.9% to 40.74 billion from a year ago.
Revenue in Opel Vauxhall Automotive segment revenues amounted to 7,238 M for the last 5 months of 2017 and operating loss of 179 million, as group revenue includes OV since August 1, 2017.
Group operating income in the year amounted to 3.99 billion and Opel Vauxhall is estimated to deliver group revenue growth of about 10% in 2018.
tumbled 13.1% to 1,211 pence after the U.K.-based advertising and public relations services provider reported revenues in the year ending in December jumped 6.1% from a year ago to £15.3 billion.
Net profit in the year surged 27.4% to £1.9 billion from £1.5 billion in a year ago period and diluted loss per share advanced to 142.4 pence from 108 pence.
WPP said operating profit in the year declined 7.5% to £1.9 billion from £2.1 billion while pretax profit soared 11.6% to £2.1 billion from £1.9 billion in a year ago period.
The advertising services provider said business in the current year started above budget with slow start and comparable revenue in January was flat and revenues dropped 1.2%.