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Market Update

Europe Earnings: Dunelm, McBride, Quindell, Tullow Oil, Vivendi

Author: Nigel Thomas
Last Update: 10:36 AM ET April 03 2014

4:00 PM Frankfurt – Dunelm revenue climbed 10% to £195 million. McBride said group revenues in the quarter declined. Quindell extended a contract with Swinton up to March 2015. Tullow Oil offers senior notes worth $500 million.

In London trading, FTSE 100 index rose 0.1% or 6.42 to 6,665.46 and in Frankfurt the DAX index gained 0.4% or 40.35 to 9,663.71.

In Paris, CAC 40 index jumped 0.7% or 32.86 to 4,463.72.

Dunelm Group Plc jumped 3.3% to 1,003.52 pence after the U.K.-based home furnishings retailer reported total revenue in the third-quarter period ending on March 29 climbed 9.9% to £195.4 million from £177.8 million a year ago. Comparable sales in the quarter jumped 5%.

Gross margin increased about 100 basis points from a year earlier.

McBride Plc plunged 9.9% to 95.09 pence after the U.K.-based household and personal care products maker said group revenue in the three-month period ending on April 2 declined 4% and private label segment revenue dropped 2%.

Quindell Plc soared 6.3% to 36.95 pence after the U.K.-based software and consulting service provider extended a contract with insurance broker Swinton Group Ltd up to March 2015.

Tullow Oil Plc climbed 5.5% to 794.62 pence after the U.K.-based oil and gas explorer intends to offer senior notes worth $500 million maturing in 2022. The company plans to use funds to repay the existing debts.

Vivendi SA gained 1.2% to €20.43 after the communications and entertainment group said it refused a bailiff attempting to enter into company’s offices to access to certain documents relating to the SFR sale.

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