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Market Update

Europe Movers: Carnival, EasyJet, UniCredit, United Utilities


Author: Nigel Thomas
ticker.com
Last Update: 12:21 PM ET October 03 2014

4:00 PM Frankfurt EasyJet surged after improved fiscal outlook. UniCredit agreed to sell its 16.4% stake in CA Immobilien for 295 million. United Utilities trimmed investment plans and said revised tariff rate to 2020 will save lower costs to consumers.

In London trading, FTSE 100 index climbed 1.3% or 81.52 to 6,527.91 and in Frankfurt the DAX index declined 2% or 186.35 to 9,195.68.

In Paris, CAC 40 index jumped 0.9% or 39.07 to 4,281.74.

Carnival Plc soared 4.3% to 2,444 pence after the cruise line operator said the company improved fuel efficiency between 2007 and 2014 by 24% and saved $2.5 billion in fuel costs and estimated additional savings of 1 billion gallons by the end of 2014.

EasyJet Plc surged 6.4% to 1,459 pence after the U.K.-based airline company expected revenue per seat for the year to grow by around 1.5% and pretax profit to increase between 575 million and 580 million from earlier estimate of 545 million and 570 million, mainly due to lower-than-expected fuel costs.

In September, the company carried 6.14 million passengers, an increase of 7.5% from 5.71 million and load factor climbed to 92.2% compared to 89.7% in the month a year earlier.

UniCredit SpA jumped 2.4% to 6.14 after the Italy-based financial service provider agreed to sell its 16.4% stake in CA Immobilien Anlagen AG to a Cyprus-based investment fund for 295 million or $375 million.

United Utilities Group Plc climbed 3.2% to 803.13 pence after the U.K.-based water and wastewater plants operator revised pricing plan for 2015 to 2020 periods and reduced planned total expenditure by about 370 million from the earlier proposal.

As per the fresh plan, the company said average household bills to drop 4.1% in real terms over the five-year period compared to 2.3% reduction estimated in the plan proposed in June.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc