4:00 PM Frankfurt bet-at-home.com profit doubled on 18% jump in revenues. Coats Group raised dividend after increase in earnings. HSBC beats profit estimate and announced third share buyback in a year. Sanofi lifted earnings outlook.
In London trading, FTSE 100 index gained 36.60 or 0.5% to 7,405.21 and in Frankfurt the DAX index decreased 21.66 or 0.2% to 12,139.74.
In Paris, CAC 40 index slid 7.73 or 0.2% to 5,124.26.
jumped 5.2% to 109.40 after Germany-based online sports betting and gaming services provider stated revenues in the first-half ending in June surged 17.5% from a year ago to 76.8 million and operating profit nearly doubled to 17.4 million.
The online betting services provider forecasted fiscal 2017 gross betting and gaming revenue to increase to 144 million and operating profit between 34 million and 38 million.
Coats Group Plc
slipped 1.7% to 77.68 pence after the U.K.-based industrial threads manufacturer said revenues in the first-half ending in June advanced 4% from a year ago to $740 million.
Net profit in the period surged 53.6% to $40.4 million from $26.3 million in a year ago six-month period and diluted earnings per share increased to 2.83 pence from 1.90 pence.
HSBC Holdings Plc
gained 1.7% to 758.10 pence after the U.K.-based banking and financial services provider reported net interest income in the first-quarter ending in June plunged 12.7% from a year ago to $13.8 billion.
Net profit in the quarter jumped 10% to $7 billion from $6.4 billion in a year ago quarter and diluted earnings per share rose to 35 cents from 32 cents.
The lender plans to launch share buyback of up to $2 billion. In April, the bank completed previously announced share buyback of $1 billion, total share buyback since the second-half of 2016 comes to $5.5 billion.
""In the past 12 months, we have paid more in dividends than any other European or American bank and returned $3.5 billion to shareholders through share buybacks,"" said chief executive officer Stuart Gulliver.
gained 0.4% to 13.69 after France-based electrical parts distributor said sales in the first-half ending in June jumped 2.4% from a year ago to 6.7 billion.
Net income in the period rose 0.7% to 96.4 million from 95.8 million in a year ago six-month period and diluted earnings per share were flat at 0.32 from a year ago period.
Rexel said operating profit in the period soared 11.9% to 292 million from a year ago period after sales in Europe rose 2.4% and North America increased 1.6% but sales in Asia Pacific fell 1.6%.
As of June 30, net debt dropped 3.1% to 2.3 billion.
increased 0.9% to 82.30 after France-based healthcare products maker reported net sales in the first-half ending in June soared 8.7% from a year ago to 17.3 billion.
Net income in the period surged to 6.7 billion from 2.2 billion in a year ago six-month period and diluted earnings per share advanced to 5.35 from 1.74.
Sanofi said income increase in the period was driven by acquisition of BIs CHC business and full consolidation of Sanofis European vaccine operations and net gain of 4.4 billion from the divestment of the Animal Health business.
Sanofi booked charges of 990 million related to acquisitions of companies and estimated gross margin ratio in 2017 between 70% and 71%.
The healthcare products maker lifted earnings per share forecast in 2017 of ""broadly stable"" compared to the previous forecast of earnings per share between stable and decline up to 3%.