4:00 PM Frankfurt – Associated British Foods agreed to acquire Dorset Cereals brand from Wellness Foods. Fuller, Smith profit jumped 4% to £29 million. Game Digital to raise 130 million through initial public offering. KCOM net soared 8% to £39 million.
In London trading, FTSE 100 index jumped 0.6% or 39.51 to 6,853 and in Frankfurt the DAX index increased 0.4% or 39.38 to 9,987.21.
In Paris, CAC 40 index climbed 0.7% or 30.73 to 4,579.46.
Associated British Foods Plc
slid 0.1% to 3,032.30 pence after the U.K.-based food conglomerate agreed to acquire the Dorset Cereals brand from Wellness Foods for £50 million.
Fuller, Smith & Turner Plc
jumped 2.9% to 975 pence after the U.K.-based brewery maker said group revenue in the year ending on March 29jumped 6% to £288 million from £271.5 million a year ago.
Profit in the year jumped 3.5% to £29.1 million compared to £28.1 million and diluted earnings per share increased to 51.39 pence from 49.95 pence a year earlier.
The company said adjusted pretax profit for the year ended March 29 rose 10% to £34.1 million in 2014, which was ahead of the consensus expectation of £33 million.
The company added food and accommodation sales climbed 10% and pubs and hotels jumped 8.3% from a year earlier.
Game Digital Plc
, the U.K.-based video game retailer said it expected to receive gross proceeds of £20 million from the IPO while selling shareholders will receive £101 million.
gained 1.7% to 92.40 pence after the U.K.-based communication services provider reported revenue in the year ending in March slid 0.6% to £370.7 million from £372.87 million a year ago period.
Profit in the year soared 8.4% to £38.8 million compared to £35.8 million and diluted earnings per share rose to 7.55 pence from 6.99 pence a year earlier.
Paternoster Resources Plc
plunged 11.7% to 28.7 pence after the U.K.-based natural resources investment group said revenue in the year ending in December plunged 66.7% to £230,214 from £692,015 a year ago.
Net in the year swung to a loss of £33,148 compared to profit of £449,833 a year earlier.