3:10 PM Frankfurt – Fenner profit plunged 21% and ICAP tumbled 62%. Sainsbury profit climbed 9% after sales jumped 4%. LSE net declined 19% but revenue soared 44%. SSE profit surged.
In London trading, FTSE 100 index dropped 1.1% or 73.19 to 6,654 and in Frankfurt the DAX index fell 0.3% or 23.38 to 9,053.
In Paris, CAC 40 index dropped 0.5% or 21.73 to 4,242.
Drax Group Plc
jumped 3.3% to 657.50 pence after the U.K.-based electricity supplier anticipated that full-year adjusted profit and earnings before interest, taxes, depreciation and amortization and underlying earnings per share for the year will be materially ahead of current market consensus forecasts.
soared 7.8% to 439 pence after the U.K.-based reinforced polymer products maker said revenue in the year ending in August slid 1.2% to £820.6 million from £830.6 million a year earlier.
Profit for the year plunged 21.2% to £49.2 million compared to £62.4 million and diluted earnings per share slumped to 23.5 pence from 30.2 pence a year ago period.
climbed 5.7% to 397.80 pence after the U.K.-based inter-dealer broker reported revenue in the first-half ending in September slid 1% to £736 million from £746 million a year earlier.
Profit for the period tumbled 62% to £19 million compared to £50 million and diluted earnings per share dropped to 2.9 pence from 7.7 pence a year ago.
ICAP added operating profit for the period jumped 6% to £153 million and profit before tax fell 1% to £139 million.
J Sainsbury Plc
increased 3% to 410.73 pence after the U.K.-based grocery retailer reported revenue in the first-half ending in September increased 4.2% to £12.68 billion from £12.16 billion a year ago. Comparable sales in the quarter grew 1.4%.
Net profit for the period climbed 9.3% to £340 million compared to £311 million and diluted earnings per share rose to 17.6 pence from 16.4 pence a year ago.
The retailer said total sales in the first-half rose 4.4% to £13.95 billion including value added tax and fuel and underlying profit before tax jumped 7% to £400 million..
London Stock Exchange Group Plc
declined 4.2% to 1,538 pence after the U.K.-based securities exchange operator stated revenue in the first-half ending in September soared 44% to £504.2 million from £349.8 million a year ago.
Operating profit for the period declined 19% to £151 million compared to £186.8 million and diluted earnings per share declined to 24.9 pence from 43 pence a year ago.
fell 0.4% to 1,400 pence after the energy supplier reported revenue in the first-half ending in September climbed 19% to £13.57 billion from £11.40 billion a year ago. Comparable sales in the quarter grew 1.4%.
Net profit for the period surged to £371.9 million compared to £15.9 million and diluted earnings per share soared to 38.5 pence from 1.7 pence a year ago.