4:00 PM Frankfurt Air Liquide profit dropped 5% but revenues jumped 8%. Glaxo and Google owned Verily plans to invest £540 million researching bio-electronic medicine. Heineken profit tumbled 45% to 693 million. Porsche net plunged 41%. Trinity Mirror net and revenues surged. Veolia profit declined.
European markets traded sideways and oil drifted lower after rising supply worries dragged down the price to a 3-week low.
In London trading, FTSE 100 index fell 27.26 or 0.4% to 6,697.03 and in Frankfurt the DAX index decreased 21.67 or 0.2% to 10,315.12.
In Paris, CAC 40 index dropped 29.58 or 0.7% to 4,410.91.
Oil in London trading declined 2% after OPEC nations suggested rising supply and oil rig count also increased in the U.S. Brent crude traded as low as just above $43 a barrel and in New York traded as low as $40.63.
Air Liquide SA
declined 3.4% to 92.15 after the France-based industrial gas producer said revenues in the first-half ending in June jumped 8% from a year ago to 8.30 billion.
Net income in the period dropped 4.6% from a year ago to 810.6 million compared to 849.4 million and diluted earnings per share fell to 2.35 per share from 2.47.
rose 0.2% to 1,691.50 pence after the U.K.-based healthcare products maker and Verily a subsidiary of Alphabet Inc will invest £540 million or $700 million to create a new company to research into the nascent field of bio-electronic medicine and marking.
slumped 3.3% to 81.66 after the Netherlands-based brewer reported revenues in the first-half ending in June rose 2% from a year ago to 10.1 billion.
Net income in the period tumbled 44.5% from a year ago to 693 million compared to 1.25 billion and diluted earnings per share dropped to 1.03 per share from 2.
The brewer forecasted operating profit for the year to increase about 40 basis points and capital expenditure is estimated to slightly less than of 2 billion, in fiscal 2015 it was of 1.6 billion.
Porsche Automobil Holding SE
dropped 2% to 45.94 after the Germany-based passenger cars maker said net income in the first-half ending in June plunged 40.6% from a year ago to 980 million compared to 1.65 billion and diluted earnings per share dropped to 3.20 per share from 5.39.
Trinity Mirror Plc
soared 7.3% to 80.50 pence after the U.K.-based multimedia content publisher stated revenues in the first-half ending in June jumped 29.9% from year ago to £374.7 million.
Net profit in the period surged more than four-fold from a year ago to £36 million compared to £9.9 million and diluted earnings per share rose to 12.8 pence from 3.9 pence.
Veolia Environnement SA
gained 1.1% to 20.08 after the France-based water treatment services provider said revenues in the first-half ending in June fell 2.9% from a year ago to 12.32 billion.
Net income in the period declined 28.7% from a year ago to 353 million compared to 251 million.
Separately, the company closed the acquisition of Chemours sulphur products division announced in last June to strengthen its industrial regeneration business in the United States.