3:00 PM Frankfurt Banca Monte said loss for the year narrowed to 3.17 billion. FirstGroup stock jumped after the contracts extension. ICAP said pre-tax profits for the year expected to fall to £280 million.
In London trading, FTSE 100 index climbed 1.1% or 72 to 6,484 and in Frankfurt the DAX index jumped 1.1% to 84.9 to 7,880.
In Paris, CAC 40 index advanced 1% or 38.3 to 3,770.
Banca Monte dei Paschi di Siena SpA
declined 6.2% to 0.174 after the Italy based bank reported net interest income for the year ending in December declined 18.1% to 2.83 billion. Net loss for the year narrowed to 3.17 billion and compared to 4.69 billion.
The bank said fourth quarter net interest income tumbled 52.7% to 434.5 million. Net loss for the year narrowed to 1.59 billion and compared to 4.94 billion.
The bank added net total impairment losses surged 99.5% to 2.89 billion and impairment of goodwill intangibles and write-down on investment in AM Holding, posts a loss of 1,465.7 million compared to loss of 337.8 million a year ago.
soared 6.8% to 214.70 pence after the UK based transportation service providers stock jumped after the contracts extension.
climbed 5.6% to 306.70 pence after the UK based brokerage company said group revenue for the year ending in March is expected to be 13% below compared to previous year and pre-tax profits to be fall nearly £280 million.