S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
Market Update

Europe Earnings: Carrefour, LVMH, Marks and Spencer, Rolls-Royce, Tryg


Author: Nigel Thomas
ticker.com
Last Update: 10:57 AM ET April 10 2014

4:00 PM Frankfurt Carrefour said revenue in the first-quarter dropped 4% to 19.8 billion. Hays forecasted operating profit for the year between 130 million and 141 million. LVMH reported quarterly revenue jumped 4% to 7.2 billion. Rolls-Royce secured $100 million service contract from U.S. Navy.

In London trading, FTSE 100 index gained 0.4% or 27.98 to 6,663.59 and in Frankfurt the DAX index rose 0.2% or 18.44 to 9,524.79.

In Paris, CAC 40 index edged up 0.03% or 1.12 to 4,443.80.

Carrefour SA rose 0.09% to 29.05 after the France-based discount stores operator said revenues in the first-quarter ending in March dropped 3.7% to 19.8 billion.

Hays Plc soared 5.4% to 152.50 pence after the U.K.-based recruitment group said estimated operating profit for the year ending June 30 to be between 130 million and 141 million.

Hays said net fees in the third quarter ending in March increased 1% and net fees from Asia Pacific, which represented 22% of group net fees, dropped 4% while net fees from Australia & New Zealand, net fees declined 10%.

United Kingdom & Ireland reported strong net fee growth of 14%.

LVMH Moet Hennessy Louis Vuitton SA climbed 4% to 141.95 after the France-based luxury goods maker reported revenue in the first-quarter jumped 4% to 7.21 billion or $9.95 billion compared to 6.91 billion a year ago.

Marks and Spencer Group Plc dropped 2.8% to 443.27 pence after the U.K.-based specialty retailer stated group sales increased 1.9% and U.K. total sales rose 1.5% and comparable sales fell 0.2%. International sales climbed 4.7%.

Rolls-Royce Holding Plc slid 0.8% to 1,060 pence after the U.K.-based aerospace and defense products maker secured a $100 million service contract with the U.S. Navy for the F405 Adour engines that power the U.S. Navy''s T-45 training aircraft.

Tryg A/S declined 3.9% to 511 kronor after the Denmark-based insurance service provider reported gross premium income in the first-quarter ending in March declined to 4.58 billion kronor from 4.94 billion kronor a year ago.

Profit in the quarter plunged 20.9% to 455 million kronor compared to 575 million kronor a year earlier.

  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc