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Market Update

Europe Movers: Debenhams, Sky Deutschland, Sodexo, Syngenta

Author: Nigel Thomas
Last Update: 12:36 PM ET April 18 2013

3:00 PM Frankfurt Debenhams profit for the first-half slid to 95.2 million. Sky Deutschland affirmed positive earnings for the full year. Sodexo profit for the first-half declined 20.5% to 236 million. Syngenta first quarter group sales jumped 6% to $4.57 billion.

In London trading, FTSE 100 index inched lowered 2.2 to 6,242 and in Frankfurt the DAX index slid 0.4% to 29.1 to 7,474.

In Paris, CAC 40 index edged up 0.1% or 3.4 to 3,603.

Debenhams Plc soared 5.7% to 85.10 pence after the UK based apparel and accessory retailer revenue for the first-half ended March 2 grew 3% to 1.28 billion and profit for the period slid to 95.2 million compared to 95.5 million.

The retailer said gross profit for the period rose 1.1% to 201.6 million.

Sky Deutschland AG climbed 3.9% to 4.19 Germany based subscription television provider affirmed positive earnings for the full year.

Sodexo SA plunged 9.6% to 63.99 after the France based catering service provider said revenue in the first half advanced 4.3% to 9.46 billion. Profit declined 20.5% to 236 million compared to 297 million a year ago. Diluted earnings per share dropped 1.56 compared to 1.96.

The caterer said gross profit slid 1.41 billion from 1.44 billion operating profit dropped 14.5% but operating profit before exceptional items were stabled.

Sodexo cuts its annual profit-growth and said organic revenue for fiscal 2013 growth between 1% and 2%

Syngenta AG jumped 3.2% to 322.10 Switzerland based agriculture products maker reported first quarter group sales jumped 6% to $4.57 billion.

Latin America with strong season driven by Brazil, where fungicide sales jump above 30% and sales of insecticides also grew significantly owing to increased.

TalkTalk Telecom Group Plc slipped 1.5% to Rs 257.40 after the UK based telecom regulator Ofcom fined 750,000 for exceeding the number of abandoned and silent calls. The company has made 9,000 silent and abandoned calls to consumers.

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