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Market Update

Ted Baker and Bonmarche Sales Rise; Bwin.party, Zodiac Fall

Author: Nigel Thomas
Last Update: 11:36 AM ET June 12 2015

4:00 PM Frankfurt SKY lifted its stake in Team Sky after the transfer of stake from 21st Century Fox. Boohoo.Com revenues surged 35%. Bonmarche net soared 78%. Bwin.party two shareholders will sell up to 50 million shares. Ted Baker revenues soared 24%.

In London trading, FTSE 100 index dropped 1.1% or 75.04 to 6,771.70 and in Frankfurt the DAX index declined 2.2% or 244.97 to 11,087.81.

In Paris, CAC 40 index slumped 1.8% or 90.03 to 4,863.09.

For the week, FTSE 100 index fell 0.5% and in Frankfurt the DAX index slipped 0.9%.

In Paris, CAC 40 index decreased 1.1%.

Boohoo.Com Plc dropped 2.5% to 29.25 pence after the online fashion retailer said revenues in the quarter ending in May surged 35% to 41.3 million on strong sales growth in UK of 27% to 26.3 million and 36% increase in international business.

Bonmarche Holdings Plc soared 7.4% to 289.98 pence after the U.K.-based womenswear retailer said revenues in the year ending on March 28 climbed 8.7% to 178.6 million from 164.3 million in a year ago period.

Comparable store sales in the year jumped 4%.

Profit in the year soared 77.8% from a year ago to 9.9 million compared to 5.6 million while earnings per share dropped to 19.8 pence from 22 pence.

Bwin.party Digital Entertainment Plc plunged 6.9% to 97.75 pence after the Gibraltar-based online gaming services provider said its two shareholders Emerald Bay Limited and Stinson Ridge will sell up to 50 million shares in the company.

SKY Plc rose 0.1% to 1,040.50 pence after the entertainment and communications services provider lifted its stake in Tour Racing Limited or Team Sky, after transfer to Sky of 25% shareholding from 21st Century Fox at the par value of 25 a share.

Following the transaction, Sky will own 85% of Team Sky and 21st Century Fox will retain 15% stake.

Ted Baker Plc increased 1.5% to 2,858 pence after the U.K.-based apparel and accessories retailer said group revenue for the eighteen-week period ending on June 6 soared 24.2% and retail sales climbed 18.9%. Wholesales sales surged 41.2% with strong business in the U.K. and in North America.

Zodiac Aerospace SA declined 5.4% to 30.99 after the aeronautical company said group revenues in the nine-month period ending in May climbed 19.2% to 3.63 billion from 3.04 billion in a year ago period.

The company increased its foreign euro exchange hedging portfolio for fiscal 2015.

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