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Market Update

Europe Earnings: BNP Paribas, Lloyds Banking, Publicis, Renault, Rolls-Royce


Author: Nigel Thomas
ticker.com
Last Update: 11:43 AM ET February 13 2014

3:40 PM Frankfurt BNP Paribas net plunged 26% to 4.8 billion as revenue dropped. Lloyds Banking net narrowed to 802 million. Publicis net surged 11% to 792 million. Renault net plunged 59% to 695 million. Rolls-Royce profit soared 19% to 1.3 billion and revenue climbed 27%.

In London trading, FTSE 100 index dropped 0.6% or 37.71 to 6,637.32 and in Frankfurt the DAX index rose 0.2% or 24 to 9,564.

In Paris, CAC 40 index slid 0.1% or 3.94 to 4,301.56.

BNP Paribas SA declined 3.5% to 58.76 after the France-based investment and banking service provider reported revenue in the year ending in December dropped 12.6% to 38.96 billion from 44.48 billion a year ago.

Net income in the year plunged 26.4% to 4.83 billion compared to 6.56 billion and earnings per share climbed to 3.68 from 5.16 a year earlier.

The bank said net profit in the fourth-quarter plummeted 76% to 127 million from 519 million a year earlier.

Lloyds Banking Group Plc declined 4.2% to 80.01 pence after the U.K.-based financial services provider reported net interest income in the year ending in December declined 9.8% to 21.16 billion from 23.55 billion a year earlier.

Net loss in the year narrowed to 802 million compared to 1.39 billion and diluted loss in the year dropped to 1.2 pence from 2.1 pence a year ago.

Publicis Groupe SA gained 1.7% to 66.85 after the France-based advertising service provider stated advertising service in the year ending in December jumped 5.2% to 6.95 billion from 6.61 billion a year ago.

Net income in the year surged 11.5% to 792 million compared to 732 million and earnings per share climbed to 3.54 from 3.34 a year earlier.

Renault SA climbed 4.7% to 68.95 after the France-based automobile company said group revenue in the year ending in December rose 0.5% to 40.93 billion from 40.72 billion a year earlier.

Net income in the year plunged 59.3% to 695 million compared to 1.71 billion and earnings per share dropped to 2.15 from 6.43 a year ago.

Rolls-Royce Holdings plc tumbled 16.5% to 1,011 pence after the U.K.-based power systems and service provider reported revenue in the year ending in December climbed 27% to 15.51 billion from 12.16 billion a year ago.

Profit for the year soared 19% to 1.32 billion compared to 1.18 billion and earnings per share jumped 13% to 22 pence from 19.5 pence a year earlier.

In 2013, the group increased its order book by 19% to 71.6 billion.

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