4:00 PM Frankfurt Rhoen-Klinikum issued optimistic outlook. Swiss Re net plunged on sharp jump in natural catastrophe charges. Construction chemicals maker Sika net surged 15% on 9% jump in revenues. Standard Life Aberdeen agreed to sell insurance unit. Valeo net fell after higher raw material costs.
In London trading, FTSE 100 index fell 18.56 or 0.3% to 7,233.83 and in Frankfurt the DAX index rose 19.03 to 12,480.38.
In Paris, CAC 40 index edged down 1.15 to 5,308.08.
For the week, FTSE 100 index slipped 0.8%, the DAX index increased 0.2% and the CAC 40 index gained 0.5%.
Rhoen Klinikum AG
edged up 0.1% to 29.42 after Germany-based hospitals and medical care provider said preliminary revenues in the year ending in December of about 1.2 billion and operating profit of about 97.8 million and net profit in the year of 36.7 million.
In fiscal 2018, the health care services provider forecasted revenues in the range of 1.19 billion and 1.24 billion and operating profit between 117.5 million and 127.5 million.
Swiss Re AG
jumped 2.7% to 97.70 Swiss francs after Switzerland-based insurance services provider reported gross premiums written in the year ending in December dropped 2% from a year ago to $34.8 billion.
Net income in the year tumbled to $331 million from $3.6 billion in a year ago period and diluted earnings per share dropped to $1.03 from $9.82.
In 2017, natural catastrophes in the U.S. and Mexico estimated combined claims were $4.7 billion but the company said economic solvency remains strong and comfortably above the groups respectability level.
The insurer renewed jumped 8% to $8.1 billion from $7.5 billion for renewal on January 1 and this was driven by higher rates across all business and regions.
dropped 1.4% to 7,665 Swiss francs after Switzerland-based construction chemicals maker said net sales in the year ending in December soared 8.7% from a year ago to 6.2 billion francs.
Net income in the year surged 14.5% to 649 million francs from 566.4 million francs in a year ago period and diluted earnings per share jumped to 253.52 francs from 221.81 francs.
In the 2018, Sika reaffirmed sales growth of more than 10%.
Standard Life Aberdeen Plc
declined 3.3% to 373 after the U.K.-based investment services provider today confirmed that it had to sell its insurance business to Phoenix Group in a £3.2 billion transaction.
plunged 11.2% to 54.76 after France-based auto parts supplier reported sales in the year ending in December soared 12.7% from a year ago to 18.6 billion.
Net profit in the year declined 4.2% to 886 million from 925 million in a year ago period and diluted earnings per share slumped to 3.68 from 3.86.