4:00 PM Frankfurt – Accor soared on solid business in Asia-Pacific and Europe. Deutsche Boerse profit surged after strong performance in the Clearstream segment. Glencore reported record profit on rebounding commodity prices. Orange profit was hurt by the disposal of U.K. mobile operator stake.
In London trading, FTSE 100 index increased 18.58 or 0.3% to 7,265.35 and in Frankfurt the DAX index slipped 52.32 or 0.4% to 12,435.95.
In Paris, CAC 40 index decreased 13.10 or 0.3% to 5,276.75.
jumped 2.3% to €46.51 after France-based hotel operator said revenues in the year ending in December advanced 7.9% from a year ago to €1.9 billion.
Net profit in the year soared 66.4% to €441 million from €265 million in a year ago period and diluted earnings per share advanced to €4.68 from €3.87.
Deutsche Boerse AG
gained 0.4% to €105.60 after Germany-based stock-exchange operator reported revenues in the year ending in December jumped 3% from a year ago to €2.6 billion.
Net profit in the year surged 21.1% to €874.3 million from €722.1 million in a year ago period and diluted earnings per share advanced to €4.68 from €3.87.
Deutsche Boerse said that weaker market environment was offset by the strong performance of the Clearstream segment, plus “slight growth” in the Xetra and Market Data Services segments.
The stock exchange operator forecasted fiscal 2018 net revenue growth of about 5% and net income growth of about 10%.
soared 4.5% to 401.85 pence after Switzerland-based miner and trader said net income in the year ending in December jumped 319% from a year ago to $5.8 billion and earnings per share increased to 41 cents from 10 cents.
Glencore said strong performance in metals, minerals and energy products segments surged 28% and 9% respectively.
gained 0.9% to €13.80 after France-based telecom services provider said revenues in the year ending in December rose 1.2% from a year ago to €41.1 billion.
Net profit in the year tumbled 35% to €1.9 billion from €2.9 billion in a year ago period and diluted earnings per share dropped to €0.62 from €1.
Orange said decline in profit was driven by the losses linked to the disposal of its stake in the U.K. mobile operator EE.
The telecom services provider reaffirmed fiscal 2018 operating estimate “greater than” fiscal 2017 and growth in operating cash flow in 2019 and 2020.