4:00 PM Frankfurt – HeidelbergCement profit rebounds on cost controls. Hannover Re earnings drop on catastrophic losses. Marks & Spencer said it will step up apparel store closures and slow down stand-alone food store expansion. Symrise jumped on strong growth in pet food and strong demand in new flavor segment.
In London trading, FTSE 100 index edged up 7.43 to 7,520.54 and in Frankfurt the DAX index slid 4.06 to 13,383.23.
In Paris, CAC 40 index fell 11.51 or 0.2% to 5,469.13.
jumped 5.1% to €89.13 after Germany-based building materials manufacturer reported revenues in the nine-month ending in September soared 19% from a year ago to €13 billion.
Net profit in the period surged 31% to €768 million from €585 million in a year ago nine-month period and diluted earnings per share advanced to €3.87 from €3.06.
Hannover Rueck SE
gained 0.4% to €108.45 after Germany-based reinsurance services provider said revenues in the nine-month ending in September jumped 8.3% from a year ago to €13.5 billion.
Net profit in the period tumbled 30.7% to €548.9 million from €791.9 million in a year ago nine-month period and diluted earnings per share dropped to €4.55 from €2.52.
J D Wetherspoon Plc
increased 0.5% to 1,251 pence after the U.K.-based pubs and restaurants operator said total sales in the first-quarter ending on October 29 jumped 4.3% and comparable sales soared 6.1% and operating margin in the quarter surged 8.6% from 3.5% in the same period a year ago.
Marks & Spencer Group Plc
gained 1% to 331.10 pence after the U.K.-based food, apparel and home products retailer reported group revenues in the first-half ending in September rose 2.6% from a year ago to £5.1 billion.
Net income in the period surged to £84.6 million from £15.9 million in a year ago six-month period and diluted earnings per share advanced to 5.2 pence from 1 pence.
M&S reported pre-tax profits jumped to £118 million from £25.1 million in the same period a year ago.
advanced 3.7% to €70.31 after the Germany-based fragrances, flavorings, cosmetic and ingredients maker said revenues in the nine-month period ending in September increased 3.9% from a year ago to €2.3 billion.
Operating profit in the period rose 2.3% to €337.2 million from €329.5 million in a year ago nine-month period and diluted earnings per share advanced to €3.87 from €3.06.