4:00 PM Frankfurt – Bilfinger revenues flat and net declined 58% and the German construction company revised annual outlook. Prudential Plc said first-half profit plunged 59% to £365 million. Telekom Austria revenue fell but net surged 34%.
In London trading, FTSE 100 index fell 0.4% or 24.54 to 6,559 and in Frankfurt the DAX index slid 0.3% or 25.87 to 8,312.
In Paris, CAC 40 index inched lowered 0.2% or 9.04 to 4,068.
jumped 2.9% to €74.15 after the German construction company said revenue in the first-half were nearly flat at £3.99 billion from £3.97 billion. Net profit for the period declined 58% to £68 million compared to £162 million and diluted earnings per share slumped 1.54 pence from 3.87 pence a year ago.
Bilfinger anticipates strong sales, orders and earnings in the second-half and expects output volume to jump to €8.7 billion of the year.
unchanged at 109.75 pence after the UK based freight and logistics software developer agreed to acquire Hyderabad, India based Four Soft Limited for $43.5 million or Rs 261 crore.
On Mumbai stock exchange, shares of the Four Soft surged 5% to Rs 19.
gained 2.5% to 1,214.10 pence after the UK based insurance company reported total revenue in the first-half dropped 4.3% to £22.4 billion from £23.4 billion. Net profit for the period plunged 58.9% to £365 million compared to £887 million and diluted earnings per share declined 14.3 pence from 34.9 pence a year ago.
Telekom Austria AG
, slipped 1.8% to €5.62 after the Austria based communications provider said group revenue in the first-half fell by 1.2% to €2.09 billion from €2.12 billion a year ago period. Net profit for the period surged 33.5% to €108 million compared to €80.9 million.
Group EBITDA for the first-half dropped 8.1% to €667.2 million from €726.2 million.
The Telekom Austria Group expects group revenues for the year nearly €4.1 billion were confirmed.