3:20 PM Frankfurt – Barclays net in first-half swung to £1.08 billion profit. Deutsche Bank net plunged 50% but revenue rose. Weir Group profit for the period declined 17% and revenue dropped 10%. TeleCity profit for quarter jumped 8.1%. UBS profit for the quarter surged 32%.
In London trading, FTSE 100 index gained 0.2% or 14.80 to 6,575 and in Frankfurt the DAX index up 0.2% or 15.67 to 8,275.
In Paris, CAC 40 index increased 0.4% or 15.99 to 3,985.
plunged 6.5% to 289.08 pence after the UK based financial services provider said total revenue in the first-half ending in June soared 23.2% to £15.42 billion from £12.47 billion. Net in the first-half swung to a profit £1.08 billion compared to loss of £377 million a year ago. Diluted earnings per share swung to 5.2 pence from loss of 6.3 pence.
Adjusted income for the period fell 3% to £15.07 billion and loan loss rate slipped 63 basis points from a year earlier.
The bank plans to raise £5.8 billion pounds through a rights issue for 185 pence per new share.
Deutsche Bank AG
dropped 3.5% to €34.64 59.55 after the German based investment bank said net revenue in the second quarter increased 2% to €8.2 billion compared to €8 billion. Net income in the quarter plunged 50% to €335 million compared to €666 million
jumped 2% to 5,000.65 pence after the UK based apparel retailer lifted its pre-tax-profit outlook for the year between £635 million and £675 million and sales for the year in the range of 1.5% to 3.5%.
Total sales in the first-half ending in June were jumped 2.3%.
The Weir Group Plc
climbed 3.7% to 2,155 pence after the UK based engineering equipment maker said revenue in the quarter ending on June 28 dropped 10% to £1.20 billion from £1.33 billion. Profit for quarter declined 17.3% to £120.9 million compared to £146.3 million and diluted earnings per share slipped to 56.3 pence from loss of 69.2 pence a year ago.
TeleCity Group Plc
declined 6.2% to 925.50 pence after the UK based network service provider reported revenue in the second quarter ending in June soared 16% to £159.3 million from £137.3 million. Profit for quarter jumped 8.1% to £120.9 million compared to £146.3 million a year ago period. Diluted earnings per share in the quarter increased to 16.2 pence from 15.1 pence a year earlier.
gained 2.3% to 18.24 francs after the Switzerland based financial services provider said revenue in the second quarter dropped 19% to 3.54 billion francs from 4.40 billion francs. Net profit for the quarter surged 32% to 690 million francs compared to 524 million francs. Diluted earnings per share rose 0.18 francs from 0.14 francs a year earlier.