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Market Update

Europe Earnings: Bonmarche, Boohoo.Com, CGG, Ensor, Telenor

Author: Nigel Thomas
Last Update: 11:45 AM ET June 13 2014

4:00 PM Frankfurt Bonmarche pre-tax profit surged 85% to 11 million after revenues jumped 12%. Boohoo.Com profit and revenue soared. Ensor Holdings pre-tax profit plunged 20% and sales fell. Telenor intends to acquire remaining stake in India based mobile carrier Uninor.

In London trading, FTSE 100 index dropped 0.9% or 63.81 to 6,779.30 and in Frankfurt the DAX index slumped 0.4% or 43.40 to 9,895.30.

In Paris, CAC 40 index decreased 0.2% or 11.04 to 4,543.36.

Bonmarche Holdings Plc slipped 1.6% to 279 pence after the U.K.-based women''s clothing retailer said revenues in the year ending on March 29jumped 12% to 164.3 million from 146.8 million a year ago. The company said online sales in the year soared 84%.

Pre-tax profit in the year surged 85% to 11.2 million compared to 6.1 million a year earlier.

Boohoo.Com Plc gained 1.9% to 51.50 pence after the U.K.-based online own brand fashion retailer reported revenue in the year ending in February surged 63% to 109.79 million from 67.28 million a year ago.

Pre-tax profit in the year climbed 237.7% to 10.74 million compared to 3.18 million a year earlier.

The retailer added revenue for the in the first-quarter ending in May jumped 24% to 30.7 million.

CGG SA surged 9.7% to 10.78 on speculation that the U.S.-based Baker Hughes Inc is likely to bid for France-based seismic equipment and services provider.

Ensor Holdings Plc declined 3.4% to 70.50 pence after the U.K.-based building materials and tools maker said revenue fell 1.4% to 30.56 million from 31 million a year ago.

Pre-tax profit in the year plunged 19.5% to 1.53 million compared to 1.90 million and earnings per share dropped to 3.7 pence from 5.2 pence a year earlier.

Telenor AS dropped 1.9% to 142.60 kronor after the Norway-based telecom company sought the government''s approval in India to invest Rs 780 crore or $131.03 million to acquire remaining stake in Uninor.

The company currently hold 74% stake in Uninor the remaining stake is held by Lakshdeep Investments & Finance Pvt. Ltd., owned by Sudhir Valia, a director of Sun Pharmaceutical Industries Ltd.

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