4:25 PM Frankfurt – Gem Diamonds sold rare 12.47 carat blue diamond and 82 carat white diamond for a total of $7.5 million. Lloyds Bank sold its Australian operations to Westpac Banking of nearly £0.9 billion. Royal Mail surged 36% on its first day of trading. Swedish Match lowered its earnings outlook.
In London trading, FTSE 100 index increased 0.8% or 53.25 to 6,484 and in Frankfurt the DAX index rose 0.3% or 22.53 to 8,708.
In Paris, CAC 40 index inched up 0.01% or 0.33 to 4,218.
Gem Diamonds Limited
increased 1.2% to 152.75 after the UK based diamond producer sold tender of a rare 12.47 carat blue diamond and an 82 carat exceptional quality white diamond recovered from Letseng mine for a record price of $603,000 and a total of $7.5 million.
gained 0.1% to 363.10 pence after the UK based utility purchased 1,200,000 ordinary shares at an average price of 363.25 pence per share to be held in treasury.
Lloyds Banking Group Plc
gained 1.4% to 75.94 pence after the UK based financial service provider sold its Australian operations to Westpac Banking Corporation for a total consideration of nearly £0.9 billion or $1.55 billion.
The gross assets in the transaction are about £5.2 billion or $8.8 billion.
Royal Mail Group Ltd
surged 36% to 450 pence on the first day of its trading on London Stock Exchange.
Swedish Match AB
declined 3.8% to 222.10 kronor after the Sweden-based tobacco products maker said it expects operating profit in the third-quarter in the range of 50 million kronor to 60 million kronor, lower than a year ago period.
The company added U.S. cigars and chewing-tobacco unit’s earnings will drop in the third quarter.