4:25 PM Frankfurt Credit Agricole group net swung to profit 1.4 billion. Deutsche Telekom net swung to a profit to 588 million. Siemens net declined 10% to 1.1 billion. Societe Generale net soared six-fold to 534 million. Swiss Re profit declined 51%. Transocean secured contract in Singapore.
In London trading, FTSE 100 index increased 0.2% or 15.64 to 6,758 and in Frankfurt the DAX index jumped 1.5% or 131.34 to 9,172.
In Paris, CAC 40 index gained 1.3% or 55.63 to 4,343.
Credit Agricole SA
soared 4.7% to 9.22 after the France-based banking and insurance service provider reported group revenue in the third-quarter ending in September climbed 11.5% to 7.66 billion from a year ago.
Net in group for the quarter swung to a profit 1.43 billion compared to a loss of 2.21 billion a year earlier.
Revenue from the Crιdit Agricole S.A. in the quarter surged 21.6% to 3.97 billion from a year ago period.
Net in the quarter swung to a profit 728 million compared to a loss of 2.85 billion a year earlier.
Deutsche Telekom AG
fell 0.8% to 11.51 after the Germany-based telecommunications company reported revenue in the in the third-quarter ending in September jumped 6% to 15.5 billion from 14.7 billion a year ago.
Net in the quarter swung to a profit to 588 million compared to a loss of 7.02 billion a year earlier.
The company said adjusted EBITDA slipped 2.6% to 4.7 billion.
climbed 3.4% to 96.19 after the Germany-based engineering company reported revenue in the fourth-quarter ending in September slid 1% to 21.2 billion from 21.4 billion a year ago.
Net income in the quarter declined 10% to 1.07 billion compared to 1.19 billion and diluted earnings per share dropped to 1.18 from 1.29 a year earlier.
The company said revenue for the year dropped 2% to 75.88 billion. Net profit for the year jumped 3% to 4.41 billion compared to 4.28 billion.
Siemens added total profit plummeted 20% to 5.79 billion from 7.27 billion a year ago. Orders for fiscal 2013 climbed 8% to 82.35 billion.
Societe Generale SA
jumped 2.9% to 41.77 after the France-based banking group reported net revenue in the third-quarter ending in September jumped 6.1% to 5.73 billion from 5.40 billion a year ago.
Net income in the quarter soared six-fold to 534 million compared to 90 million a year earlier. The bank added revenues in the quarter from securities services and brokerage declined 9.7%.
The bank said they are in talks to acquire the additional 50% stake which bring its shareholding to 100% in derivatives broker of Newedge group and the bank may sell 5% stake in Amundi group to Credit Agricole SA for 337.5 million.
Swiss Re AG
gained 2.4% to 81.80 francs after the Switzerland-based reinsurer said group premiums earned in the third-quarter ending in the September climbed 13.5% to $7.47 billion from $6.58 billion a year earlier.
Net income in the quarter plummeted 50.9% to $1.07 billion compared to $2.18 billion and diluted earnings per share dropped to $1.18 from $1.29 a year earlier
The reinsurer added life and health segment posted sharp decline in profit to $12 million from $187 million a year earlier.
surged 5.4% to 46.59 francs after the Switzerland-based offshore drilling contractor said its subsidiary secured construction contracts from Keppel FELS Limited''s shipyard in Singapore for the construction of five jackup drilling rigs valued not to exceed $1.2 billion.