4:00 PM Frankfurt Ashmore jumped after fiscal year update. Amiad Water dropped after profit slid. Glencore raised its estimate of synergies to $2 billion from Xstrata takeover. Jaguar plans to invest £1.5 billion in U.K. that will create 1,700 jobs. Whitbread total sales climbed 10.8%.
In London trading, FTSE 100 index jumped 0.9% or 56.14 to 6,587 and in Frankfurt the DAX index climbed 1.9% or 159.83 to 8,436.
In Paris, CAC 40 index advanced 1.6% or 62.68 to 4,103.
Ashmore Group Plc
soared 5.7% to 383.60 pence after the UK based investment company said as of June 30, assets under management jumped 22% to $77.4 billion.
Gross subscriptions for the year more than doubled to $27.2 billion from $13 billion and net inflows surged $13.4 billion from $1.3 billion a year ago
Amiad Water Systems Ltd
declined 4.4% to 312 pence after the Israel-based water filtration systems producer said revenue in the first-half dropped 6.8% to $61.7 million from $66.2 million a year earlier. Profit for the period slid to $3.4 million compared to $4.19 million a year earlier.
Glencore Xstrata Plc
climbed 3.2% to 331.70 pence after the UK based commodity trader and metals producer plans to reduce capital expenditure to $3.5 billion by 2015 and maintain spending to sustain operations at $4 billion from an earlier forecast of $4 billion to $5 billion.
The company lifted synergies target linked to takeover of Xstrata to as much as $2 billion by next year.
The company expects secondary listing in Johannesburg to be effective in the fourth quarter.
Jaguar Land Rover
chief executive Ralf Speth at a Frankfurt trade show said JLR plans to invest £1.5 billion in the U.K. and will create 1,700 new jobs at its plant in Solihull factory in Birmingham.
The India-based Tata conglomerate added this will be to design systems of chassis for future models made from lightweight aluminum technology. The first mid-sized sports saloon car will be introduce in 2015.
Neste Oil Corp
soared 12.6% to 17.24 after the Finland-based oil refiner lifted full-year guidance and expects comparable operating profit to jump more than 530 million compared to earlier forecast of 355 million.
Oxford Instruments Plc
dropped 7.6% to 1,395 pence after the electrical components & equipment maker reported group revenue in the first-half soared 27.6% to £43.9 million £34.4 million a year ago. Revenue under management climbed 24% to £97.5 million from £78.7 million. EBITDA loss plunged 52.4% to £1 million compared to £2.1 million.
Surgical Innovations Group Plc
surged 7.8% to 6.88 pence after the medical equipment maker said revenue in the first-half jumped to £3.88 million from £3.02 million a year ago and pre-tax profit for the period tripled to £567,000 million, from £181,000 million.
dropped 2.9% to 3,121 pence after the U.K. based coffee shop chain operator said total sales in the eleven-weeks to August 15 climbed 10.8% and like for like sales growth of 2.1%.
The hotels and restaurants operator said total system sales at Costa jumped 19.7% to £521.9 million and UKs retail system sales surged 17.3% to £279.5 million and international system sales soared 20.7% to £115.6 million.