4:00 PM Frankfurt Kuka revenues soared on strong demand in China. Linde profit declined on weak revenues. RBS reported third consecutive quarterly profit after cost-cutting. Safran beats revenue growth expectations. Total SA net soared 40%. UBS profit surged 32%.
In London trading, FTSE 100 index increased 14.67 or 0.2% to 7,501.17 and in Frankfurt the DAX index advanced 79.74 or 0.6% to 13,212.38.
In Paris, CAC 40 index jumped 36.03 or 0.7% to 5,491.42.
For the week, FTSE 100 index fell 0.2%, the DAX index jumped 1.7% and the CAC 40 index soared 2.3%.
tumbled 18.5% to 164 after Germany-based robotics and automation solutions provider said revenues in the nine-month ending in September soared 27.1% from a year ago to 2.6 billion.
Net income in the period rose 0.6% to 79.4 million from 78.9 million in a year ago nine-month period and diluted earnings per share edged down to 2 from 2.01.
The robotics and automation solutions provider said as of September 30, order received jumped 5.8% to 2.8 billion and order backlog increased 1% to 2.2 billion.
Kuka reaffirmed fiscal 2017 revenues to jump 12% or about 3.3 billion and operating margin to grow to more than 5.5% from a year ago.
Separately, today Kuka secured three major new systems contracts for about $75 million from the U.S.-based leading manufacturer of vehicles comprising engineering and construction of systems to build vehicles body structures in the U.S. and Mexico.
Separately, Kuka said today it invested in the Munich-based Device Insight GmbH, the maker of Internet enabled devices, without disclosing investment amount.
jumped 3% to 189.05 after Germany-based industrial gases producer and supplier reported revenues in the nine-month ending in September increased 2.7% from a year ago to 12.9 billion.
Net income in the period declined 6.9% to 879 million from 945 million in a year ago nine-month period and diluted earnings per share advanced to 4.63 from 5.
Linde reaffirmed full-year revenues estimate in the engineering division between 2 billion and 2.4 billion and operating margin of about 8%.
Royal Bank of Scotland Group Plc
increased 1.9% to 286.50 pence after the U.K.-based banking and financial services provider reported total interest income in the nine-month ending in September jumped 7.4% from a year ago to £10.1 billion.
Net in the period swung to profit £1.3 billion from a loss of £2.5 billion in a year ago nine-month period and diluted earnings per share swung to 11.2 pence from diluted loss per share of 21.5 pence.
The bank warned that it will not return to full-year profit up to 2018 after hefty fine in the U.S. for selling of subprime mortgages that may be £6 billion.
We remain optimistic of reaching a final settlement this financial year
we almost got ourselves through legacy cleanup, said chief executive officer Ross McEwan.
gained 1.9% to 91.57 after France-based aircraft and rocket engines and propulsion systems provider said revenues in the nine-month ending in September advanced 3% from a year ago to 11.9 billion.
Safran lifted fiscal 2017 revenues forecast of about 3% from the earlier estimate of 2% to 3% but operating income may near to fiscal 2016 level.
advanced 1.6% to 47.33 after the France-based oil and gas producer reported revenues in the nine-month ending in September surged 15.1% from a year ago to $43 billion.
Net income in the period soared 39.5% to $2.7 billion from $1.9 billion in a year ago nine-month period and diluted earnings per share jumped to $1.06 from 79 cents
, the Switzerland-based financial advisor said revenues in the revenues in the nine-month ending in September advanced 3.2% from a year ago to 22.9 billion Swiss francs.
Net income in the period surged 31.9% to 3.4 billion francs from 2.6 billion francs in a year ago nine-month period and diluted earnings per share increased to 0.88 francs from 0.67 francs.