4:00 PM Frankfurt – Electrocomponents lifted annual profit estimate. Greggs, the bakery chain said third-quarter sales jumped 9%. Ferguson declared share buyback of £500 million. Ryanair passenger traffic in September soared 10%. St Ives said net loss in the year widened.
In London trading, FTSE 100 index increased 23.18 or 0.3% to 7,461.87 and in Frankfurt the DAX index gained 73.79 or 0.6% to 12,902.65.
In Paris, CAC 40 index gained 19.87 or 0.4% to 5,369.17.
jumped 3.1% to 658.50 pence after the U.K.-based electric equipment distributor said revenues in the first-half ending in September soared 13% with strong growth in all five regions.
The electric equipment distributor estimated pretax profit in the period to surge 41.6% to £78 million from the same period a year ago.
Electrocomponents forecasted fiscal 2018 pretax profit of about £78 million from £55.1 million in the fiscal 2017.
gained 1.1% to 1,264 pence after the U.K.-based bakery chain said sales in the third-quarter ending in September jumped 8.6% and comparable sales in the period advanced 5% driven by sales growth in ''all day breakfast.''
advanced 3.6% to 5,040 pence after the Switzerland-based plumbing and heating products distributor reported revenues in the year ending in July surged 21.6% from a year ago to £15.2 billion.
Net profit in the year soared 20.5% to £783 million from £650 million in a year ago period and diluted earnings per share increased to 309.4 pence from 254.8 pence.
The plumbing materials supplier announced share buyback of as much as of £500 million and reduced net debt to £534 million from £936 million in the same period a year ago.
Ryanair Holdings Plc
increased 1.8% to €17.19 after Ireland-based airline operator said passenger traffic in September jumped 10% to 11.8 million from 10.8 million in the same month in a year ago.
In the nine-month period ending in September total passenger traffic soared 12% to 127.3 million customers.
Load factor in September increased to 97% from 95% in the same month a year ago.
St Ives Plc
slumped 2.2% to 77.75 pence after the U.K.-based commercial printing services maker said revenues in the year ending on July 28 rose 7% from a year ago to £393.2 million.
Net loss in the year widened to £43.4 million from £8.1 million in a year ago six-month period and diluted loss per share increased to 30.40 pence from 5.89 pence.
Separately today, the international marketing services provider agreed to acquire the U.S.-based digital consultancy services provider Solstice Consulting LLC, under the three year earn-out arrangements to a maximum payable of £53.4 million.