4:00 PM Frankfurt Kering net surged 17% on 7% increase in revenues. L''Oreal net declined 6% and cosmetic products maker said Body Shop. Reckitt Benckiser agreed to buy the U.S.-based Mead Johnson for £13.2 billion. Renault profit surged 20%.
In London trading, FTSE 100 index rose 20.93 or 0.3% to 7,250.43 and in Frankfurt the DAX index gained 28.75 or 0.3% to 11,671.42.
In Paris, CAC 40 index slid 2.43 to 4,823.27.
For the week, FTSE 100 index gained 0.8%, the DAX index rose 0.2% and the CAC 40 index edged down 0.04%.
jumped 3.9% to 233.10 after France-based luxury goods retailer reported revenues in the second-half ending in December advanced 6.9% from a year ago to 12.4 billion.
Net profit in the period surged 16.9% from a year ago to 813.5 million compared to 696 million and diluted earnings per share gained to 6.46 from 5.52.
dropped 2.3% to 170.05 after France-based cosmetic products maker said revenues in the second-half ending in December increased 2.3% from a year ago to 25.84 billion.
Net profit in the period declined 6.1% from a year ago to 3.1 billion compared to 3.3 billion and diluted earnings per share decreased to 5.50 from 5.84.
L''Oreal said sales in the skincare brand The Body Shop dropped 5% to 920.8 million from a year ago period.
The cosmetic products maker said it is ""exploring all strategic options"" including potential sale of The Body Shop. Chairman and chief executive officer Jean-Paul Argon reported ethical beauty retailer is losing sales and profits but he added no decision has been taken so far.
Reckitt Benckiser Group Plc
rose 0.3% to 7,264 pence after the U.K.-based health, hygiene and home products maker agreed to acquire the U.S.-based baby formula maker Mead Johnson Nutrition Co for about £13.2 billion or $16.6 billion.
The acquisition will strengthen our presence in developing markets particularly in China, said chief executive Rakesh Kapoor. The company is estimating annual cost savings of about £200 million.
With the acquisition, China will jump to the second largest market trailing the U.S.
Reckitt agreed to pay $90 per share in cash, including debt, the deal is valued at $17.9 billion. The transaction is expects to close by the end of the third-quarter.
Separately, Reckitt said revenues in the fourth-quarter ending in December soared 11% from a year ago to £9.9 billion.
Net income in the quarter jumped 5% from a year ago to £1.8 billion compared to £1.7 billion and diluted earnings per share increased to 256.5 pence from 240.9 pence.
The hygiene products maker said comparable sales in the year rose 1% in the Europe and North America and in emerging markets surged more than 8%.
gained 1.8% to 84.25 after France-based automobiles manufacturer said revenues in the year ending in December soared 13.1% from a year ago to 51.24 billion.
Net profit in the year surged 19.7% from a year ago to 3.5 billion compared to the 2.9 billion and diluted earnings per share gained to 5.50 from 5.84.
Renault said registrations in the year jumped 13.3% to 3.18 million units.
Renault said it will present a new five-year strategic plan later in the year and the company forecasted revenues to jump to 70 billion in the next five years, representing 37% increase from the 2016
plunged 5.6% to 51.02 after Belgium-based batteries and photovoltaic products maker stated revenues in the year ending in December rose 1% from a year ago to 2.7 billion and operating profit jumped 4% to 527 million.