2:00 PM Frankfurt Pearson sales increased 5% and Sartorius operating earnings surged 22.7% to 100 million in the first nine months. UBS plans to slash up to 10,000 jobs globally. TNT Express third quarter net soared 80% to 9 million.
Assa Abloy AB fell 0.9% to SEK 217.90 after the Swedish lockmaker said third quarter sales rose 6% to SEK 11.545 billion. Net income in the quarter fell 21% to SEK 1.303 billion from net income of SEK 1.65 billion in the quarter a year ago.
GEA Group AG dipped 0.5% to 23.74 after the system providers for food and energy processes said third quarter revenues climbed annually to 1.45 billion from 1.4 billion. Net profit improved 4.1% to 89.4 million from 85.9 million last year. Earnings per share increased to 48 cents from 47 cents in the prior year.
Linde AG gained 1.6% to 130.90 after the industrial gases producer stated third quarter group revenue rose 13% to 3.89 billion. Profit for the period increased 8% to 313 million compared to 290 million last year.
Pearson plc gained 0.7% to 1,220.31 pence after the educational services and text book publisher said first nine months sales increased 5% and operating profit was 5% lower. Universities and students are increasingly vocal about the exorbitant price charged by text book publishers.
Sartorius AG rose 0.2% to 59.10 after the laboratory and process equipment provider said its nine-month sales revenue grew 18.1% to 639.4 million. Operating earnings surged 22.7% to 100 million from 81.5 million last year.
Serco Group plc declined 0.1% to 565 pence after the international service company signed a contract for an outsourcing partnership that will provide customer contact and support services for AEGON that has a total estimated value of approximately £170 million.
TNT Express N V gained 0.7% to 8.21 after the express delivery company reported third quarter revenues rose 2.1% to 1.81 billion, from a year ago. Profit in the quarter increased 80% to 9 million from 5 million in the prior-year period.
UBS AG surged 4.8% to Sfr12.82 after the Swiss financial services provider is expected to slash up to 10,000 jobs globally, according to several media reports citing a person familiar with the matter.
Unibail-Rodamco SE dropped 0.1% to 170.35 after the commercial property operator reported turnover for the first nine-months rose 4% to 1.25 billion from the same period last year.