3:20 PM Frankfurt – Barclays dropped after Sumitomo Mitsui sold its stake for £260 million. Johnson Matthey profit for the year declined 12.5% to £275.8 million. Network Rail profit for the year dropped 8.1% to £699 million.
In London trading, FTSE 100 index slid 0.2% or 15.41 to 6,404 and in Frankfurt the DAX index edged lowered 0.6% or 4.95 to 8,191.
In Paris, CAC 40 index rose 0.1% or 5.92 to 3,858.
dropped 2.3% to 308.90 after the Japan based Sumitomo Mitsui Banking Corp. sold 84.5 million shares at 308.5 pence, stake valued £260 million or $400 million in the financial services provider.
gained 1.6% to €53.32 after Netherland based brewer maker select Orange Business Services to unify its global communications infrastructure to connect 60,000 employees across more than 1,100 sites in 53 countries for 5 years multi-million euro contract.
climbed 4.9% to 379.70 after the UK based brokerage firm said TriOptima will assist and verify and reconcile over-the-counter derivatives data submitted to DTCC.
Johnson Matthey Plc
surged 6.5% to 2,755 pence after the UK based specialty chemicals maker reported revenue in the year ending in March dropped 11% to £10.73 billion from £12.02 billion. Profit for the year declined 12.5% to £275.8 million compared to £315.4 million and diluted earnings per share slid 133.5 pence from 146.9 pence.
Underlying profit slumped 9% to £389.2 million compared to £426 million and sales excluding precious metals were flat at £2.7 billion.
Services businesses sales at precious metal products division slipped 6% and underlying operating profit plunged to 27%.
The chemical maker said underlying results from fine chemicals division was in-line with last year and sales fell 3% but operating profit rose 2%.
Network Rail Infrastructure Limited
, the UK based railway operator said revenue in the year ending in March increased £6.2 billion from £6 billion. Profit for the year dropped 8.1% to £699 million compared to £761 million.
Network Rail''s net debt in fiscal 2013 jumped to £30 billion from £27.28 billion in last year.