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Market Update

Nokia in Talk with Alcatel, Fraport March Traffic Jumps


Author: Nigel Thomas
ticker.com
Last Update: 9:44 AM ET April 14 2015

4:00 PM Frankfurt Alcatel Lucent surged on merger talks with Nokia. British Land acquired London-based property from Malaysian state pension fund for 210 million. Frankfurt Airport said passenger in March jumped 2.5% to 4.6 million. Gerresheimer profit surged 23% to 11 million.

In London trading, FTSE 100 index rose 0.1% or 8.57 to 7,072.87 and in Frankfurt the DAX index declined 0.9% or 110.04 to 12,228.69.

In Paris, CAC 40 index dropped 0.7% or 37.24 to 5,216.88.

Alcatel Lucent SA surged 15.9% to 4.47 after the Bloomberg News reported Nokia Oyj confirmed that it is in advance talk with France-based telecom equipment maker.

British Land Company Plc gained 0.5% to 864.50 pence after the U.K.-based real estate developer completed the acquisition of the freehold office property at One Sheldon Square in London''s Paddington Central that owned by Malaysian state pension fund for about 210 million.

Fraport Frankfurt Airport Services Worldwide AG slid 0.3% to 56.42 after the Germany-based airport services provider said traffic in March jumped 2.5% to 4.6 million passengers but the number of total aircraft movements dropped by 2.3% to 37,218 departures and landings.

The airport services provider said cargo volume declined by 6.1% to 189,546 metric tons.

Gerresheimer AG climbed 5.6% to 57.05 after the Germany-based diversified conglomerate stated revenues in the first-quarter ending in February jumped 1.4% to 301.8 million from 297.5 million in a year ago period.

Net profit in the quarter surged 23% form a year ago to 11.1 million compared to 9 million and earnings per share jumped to 0.35 from 0.29.

The company forecasted organic revenue growth for fiscal 2015 between 1% and 3%.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc