Alfa Laval AB soared 5% to SK143.50 after the heat exchange maker reported fourth quarter profit declined less than expected to SK895 million from SK928 million a year ago.
ARM Holdings Plc gained 3% to 920 pence after the maker of chips for Apple phones and tablets said fourth quarter revenues increased 19% to 164.2 million pounds.
BP Plc increased 1.5% to 469 pence after the second largest oil explorer reported earnings adjusted for one-time items and inventories of $4 billion beating the estimates of at least $3.5 billion. Profit in the year ago period was $5 billion.
Production in the fourth quarter declined 7% to 2.29 barrels of oil equivalent from a year ago quarter, that excluded its Russian venture.
Refining division reported a record profit and for the full-year “underlying replacement profit” was $17.6 billion compared to $21.7 billion in 2011.
BP said its net debt declined to $27.5 billion from $31.5 billion a year ago and declared quarterly dividend of 9 cents a share.
BP also noted in its press release that it will take additional $4.1 billion charge in the quarter to settle various claims arising from the Gulf of Mexico oil spill and total cumulative net charge at the end of 2012 was $42.2 billion.
KPN plunged 22% to 3.20 euros after the largest telecom company in the Netherlands reported a net loss of 162 million euros. The company also said it plans to raise $4 billion capital from shareholders to lower its debt.
Munich Re gained more than 2% to 137.10 euros after the reinsurance company reported preliminary net income of 480 million euros beating the expectations of 449 million euros compared to net income of 627 million euros a year ago period.
The company also increased its dividend for 2012 to 7 euros a share from 6.25 euros a share a year ago.
Tele2 AB dropped 11% to SK102 after the telecom company based in Sweden reported fourth quarter net income of SK565 million missing the estimate by a wide margin. Chief Executive Officer Mats Granryds said Russian business which accounts for 30% of total revenues may weaken in the year.
Virgin Media soared 19% to 2,922 pence on the speculation that the company held talks with Liberty Media controlled by billionaire John Malone. Media reports speculated that Malone is likely to make a bid for the company.