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Market Update

Shell in 47 B Deal with BG, easyJet March Traffic Climbs 8%

Author: Nigel Thomas
Last Update: 8:13 AM ET April 08 2015

4:00 PM Frankfurt easyJet said passenger traffic in March climbed 7.5% to 5.49 million. Royal Dutch Shell agreed to acquire BG Group for 47 billion. Robert Walters profit in the first-quarter surged 12% to 54 million. Wirecard net climbed 31% to 108 million.

In London trading, FTSE 100 index gained 0.2% or 14.59 to 6,976.36 and in Frankfurt the DAX index fell 0.3% or 31.68 to 12,091.84.

In Paris, CAC 40 index edged up 3.71 to 5,154.90.

easyJet plc rose 0.5% to 1,855 pence after the U.K.-based discount airline said number of passengers in March climbed 7.5% to 5.49 million from 5.11 million and load factor in the month increased 1.1 percentage point to 92.6% compared to 91.5% in a year ago month.

Royal Dutch Shell Plc declined 3.3% to 2,025 pence after the U.K.-based energy giant agreed to acquire oil and gas explorer BG Group Plc in a cash and stock deal valued at about 47 billion or $69.78 billion.

Shell confirmed that it will pay dividends of $1.88 per share in fiscal years 2015 and 2016 and expects to commence a share buyback program in fiscal 2017 ending in fiscal 2020 and acquire as much as $25 billion.

The deal is expected to close in early 2016.

Shares of BG Group Plc surged 32.7% to 1,208.50 pence.

Under the terms, shareholders of BG Group will receive 383 pence cash per share and 0.4454 B shares of Shell.

BG confirmed the takeover talk with Shell.

Robert Walters Plc climbed 5.9% to 380 pence after the U.K.-based recruitment company said gross profit in the first-quarter ending in March surged 12% to 53.9 million compared to 48.1 million in a year ago period.

The company added gross profit from Asia Pacific jumped 8% to 21.2 million, in the U.K. soared 22% to 18.6 million, in Europe increased 1% to 11.1 million and in other international markets surged 53% to 3.1 million.

Wirecard AG dropped 2.3% to 39.07 after the Germany-based electronic payment services provider said revenue in the year ending in January soared 24.8% to 601.0 million from 481.7 million in a year ago period.

Net earnings in the year climbed 30.5% from a year ago to 107.9 million compared to 82.7 million and diluted earnings per share jumped to 0.89 from 0.74.

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