4:00 PM Frankfurt – easyJet passenger numbers and load factor in February jumped. Smurfit Kappa rejected unsolicited proposal from the U.S.-based International Paper Company. Evonik explore all options for Methacrylates business. Just Eat net swung to a loss on £50 million investment plan.
In London trading, FTSE 100 index advanced 57.26 or 0.8% to 7,173.24 and in Frankfurt the DAX index gained 76.75 or 0.6% to 12,167.15.
In Paris, CAC 40 index increased 34.66 or 0.7% to 5,201.88.
slipped 1.5% to 1,573 pence after the U.K.-based low-cost airline operator said passenger numbers in February rose 4% to 5.55 million while the load factor increased 93% from 92% in a year ago month.
Evonik Industries AG
declined 3.1% to €29.19 after Germany-based specialty chemicals producer reported revenues in the year ending in December soared 13% from a year ago to €14.4 billion.
Net income in the year plunged 15% to €717 million from €844 million in a year ago period and diluted earnings per share slumped to €1.54 from €1.81.
Evonik forecasted fiscal 2018 slightly higher sales from fiscal 2017 and operating profit between €2.4 billion and €2.6 billion.
The chemical producer estimated that prices of its specific raw materials to be slightly higher and raw material index will be also slightly higher than a year ago period.
Evonik said that the board will explore all options for the future development of the methacrylates businesses, including possible partnerships or a complete exit.
Just Eat Plc
plummeted 10.4% to 763.20 pence after the U.K.-based online takeaway food services provider reported revenues in the year ending in December surged 45% from a year ago to £546.3 million.
Net in the year swung to a loss of £103.5 million from profit of £71.4 million in a year ago period and diluted loss per share swung to 15.2 pence from diluted earnings per share of 10.5 pence.
Just Eat estimated fiscal 2018 revenue between £660 million and £700 million and operating profit in the range of £215 million to £235 million.
Smurfit Kappa Group Plc
surged 21.2% to 3,082 pence after the U.K.-based corrugated packaging maker said it had rejected an unsolicited proposal from the U.S.-based International Paper Company and advised shareholders to take no action.
The proposal failed to attract shareholder interest and the company announced record operating profit in 2017 of €1.2 billion and plans to improve market position and strengthen integrated model between 2018 and 2021.