S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
Market Update

Europe Movers: Ingenico, Rentokil, Safran, Vivendi, Volkswagen


Author: Nigel Thomas
ticker.com
Last Update: 10:11 AM ET March 15 2013

2:50 PM Frankfurt Bwin.party said total loss for the year narrowed to 64.7 million. Rentokil reported net for the year swung to 53.7 million rofit. Safran divested its 12.57% stake in Ingenico SA. Volkswagen net income for the year surged 87% to 21.72 billion.

In London trading, FTSE 100 index fell 0.7% or 43.3 to 6,486 and in Frankfurt, the DAX index slid 0.3% to 23.6 to 8,035. In Paris, CAC 40 index slipped 0.9% or 34.4 to 3,837.

Bwin.party digital entertainment plc declined 6.1% to 142.20 pence after the Gibraltar based online gaming company reported total revenue for the year ending December climbed 16% to 801.6 million from a year ago. Total loss for the year narrowed to 64.7 million compared to 431 million of last year. Diluted loss per share slipped to 7.8 from 58.2 a year ago earlier.

The company estimates revenue for the 2013 slightly lower than current market estimates.

Rentokil Initial plc soared 10.6% to 100.11 pence after the UK based business services provider said revenue for the year ending in December were nearly flat at 2.55 billion. Profit for the year swung to 53.7 million compared loss of 67.1 million to last year. Diluted earnings per share were 2.82 pence from loss of 3.84 pence a year ago earlier.

The company said operating profit for the year swung to 145.8 million compared to loss of 10.2 million for a year ago period.

Safran SA fell 0.2% to 35.43 after the France based technology company said its subsidiary Morpho divested part of its stake in payment solutions provider Ingenico SA by private placement, representing 12.57% stake valued 286.8 million or 43.45 per share.

Ingenico SA slipped 3.5% to 44.35

Vivendi SA dropped 3.9% to 16 after the France based telecommunications service provider planned sale of Brazil based phone and internet unit valued at 5.2 billion.

Volkswagen AG slid 2.3% to 152.25 after the Germany based automobile company reported group total revenue for the year ending December soared 21% to 192.68 billion from a year ago. Net income for the year surged 87% to 21.72 billion compared to 15.41 billion of last year. Diluted earnings per share dropped to 46.42 from 33.10 a year ago.

The company said gross profit of the group climbed to 35.16 billion and operating profit increased to 11.51 billion.

  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc