3:40 PM Frankfurt Deutsche Bank quarterly loss narrowed yearly profit surged. Fiat net soared 1.3 billion after revenue jumped 10%. Mulberry retail sales declined 7%.
In London trading, FTSE 100 index dropped 1.1% or 74.54 to 6,498.03 and in Frankfurt the DAX index declined 1.7% or 173.43 to 9,233.48.
In Paris, CAC 40 index plummeted 1.7% or 70.92 to 4,114.37.
soared 6.3% to 874 pence after the U.K.-based copper mining company said copper production in the year increased 1.6% to 721,200 tons from 709,600 tons a year ago but production of gold and molybdenum dropped.
Deutsche Bank AG
slid 0.2% to 7.12 after the Germany-based investment bank reported group net revenue in the year ending in December declined 5% to 31.9 billion from 333.7 billion a year ago.
Net income in the year surged 1.08 billion compared to 315 million a year ago period.
For the fourth-quarter, group revenue tumbled 16% to 6.58 billion from 7.87 billion and net loss narrowed to 958 million compared to 2.53 billion a year earlier.
The bank added core bank net revenues dropped 5% to 31 billion.
declined 5.6% to 7.12 after the Italy-based automobiles company reported revenue in the fourth-quarter ending in December jumped 10.2% to 24 billion from 21.78 billion a year ago period.
Net profit in the quarter soared 1.3 billion compared to 224 million and earning per shares jumped to 0.707 from 0.005 a year earlier.
For 2013, group revenues for the year rose 3% to 86.8 billion and net profit more than doubled to 1.95 billion from the prior year.
For 2014, the company expects revenues of 93 billion.
Mulberry Group Plc
tumbled 26.4% to 662.50 pence after the U.K.-based luxury accessories retailer said total retail sales in the period ending in January 25 declined 7% from a year ago when sales increased 3%.
The company added significant wholesale order were cancelled from South Korea and now expect wholesale sales for the year ending in March 2014 to drop 10% compared to a year earlier.
Chief executive Bruno Guillon said pre-tax profits for the financial year would be around £19 million.
Royal Dutch Shell Plc
fell 0.1% to 2,121.50 pence after the U.K.-based oil and gas explorer agreed to sell its stake of 23% in the Parque das Conchas project offshore Brazil for $1 billion.