4:25 PM Frankfurt – AstraZeneca profit for the quarter dropped 35%. BT Group profit declined 13% to £948 million. Croda sales climbed 4%. Rentokil plunged after Invesco sold 193.7 million shares to reduce its stake. Royal Dutch Shell net tumbled 35%. Smith & Nephew profit declined 8%.
In London trading, FTSE 100 index slipped 0.7% or 49.63 to 6,728 and in Frankfurt the DAX index slid 0.1% or 6.27 to 9,004.
In Paris, CAC 40 index rose 0.3% or 11.33 to 4,285.
fell 1.5% to 3,280 after the U.K.-based biopharmaceutical company reported revenue in the third-quarter ending in September increased 4% to $6.25 billion from $6.68 billion a year ago.
Profit for the quarter dropped 34.6% to $1.25 billion compared to $1.52 billion and diluted earnings per share dropped to 99 cents from $1.20 a year ago period.
BT Group Plc
jumped 2.3% to 378.10 pence after the U.K.-based communications service provider stated revenue in the first-half ending in September slid 1% to £8.94 billion from £9 billion a year ago.
Profit for the period declined 13% to £948 million compared to £1.09 billion and earnings per share rose 1% to 12.2 pence from 12.1 pence a year earlier.
For the quarter, BT added net 156,000 users, nearly double from the same period a year ago and narrowed line losses to 65,000. Pre-tax profits for the quarter grew 2% to £609 million but operating profit was flat at £1.36 billion.
Croda International Plc
declined 6.7% to 2,458 pence after the U.K.-based marketing and technology group said sales in the first-half ending in September climbed 4.4% to £267.9 million from £256.5 million a year earlier.
Operating profit for the quarter increased 4% to £62 million and group pre-tax profit increased 5.4% to £58.6 million.
Croda said sales in consumer care segment for the quarter jumped 3.2% to £145.4 million and sales from performance technologies rose 0.4% to £95 million. Industrial chemicals sales surged 31.6% to £27.5 million.
Rentokil Initial Plc
plummeted 7.4% to 103.90 after the U.K.-based business support service provider said Invesco Limited reduced its stake and will sell 193.7 million shares of Rentokil that valued approx £209 million.
Royal Dutch Shell Plc
dropped 4.8% to 2,168 after the U.K.-based oil and gas explorer reported revenue in the third-quarter ending in September jumped 3.9% to $11.6 billion from $11.2 billion a year ago.
Net income for the quarter tumbled 34.6% to $4.68 billion compared to $7.16 billion and diluted earnings per share dropped to 75 cents from $1.14 a year ago period.
Smith & Nephew Plc
fell 0.5% to 794.50 pence after the U.K.-based medical devices said revenue in the third-quarter ending in September climbed 5% to $1.03 billion from $952 million a year ago.
Net income for the quarter declined 7.6% to $122 million compared to $132 million and diluted earnings per share slumped to 13.5 cents from 14.7 cents a year earlier.