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Market Update

Total, InterOil in $3.6 B Deal; Nestle Sold Givaudan Stake

Author: Nigel Thomas
Last Update: 10:34 AM ET December 06 2013

3:40 PM Frankfurt Berkeley profit climbed 22% to 131 million. Domino''s Pizza chief executive officer resigned. Lloyds sold loans portfolio for 257 million. Nestle sold its stake in Givaudan for 1.2 billion francs. Total SA agreed to acquire stake in InterOil controlled oil field for $3.6 billion.

In London trading, FTSE 100 index gained 0.7% or 42.44 to 6,541 and in Frankfurt the DAX index jumped 0.9% or 80.70 to 9,166.

In Paris, CAC 40 index increased 0.6% or 25.15 to 4,125.

Associated British Foods Plc rose 0.7% to 2,269 pence after the U.K.-based food processing company reiterated its guidance for adjusted earnings per share in the fiscal 2014 to match the previous year.

The Berkeley Group Holdings Plc surged 8.1% to 2,466.15 pence after the U.K.-based property developer reported revenue in the first-half ending in October soared 19.7% to 821 million from 686 million a year ago.

Profit for the period climbed 21.9% to 131 million compared to 107.5 million and diluted earnings per share jumped to 84.7 pence from 73.9 pence a year earlier.

The company said gross margin for the period increased 16% to 169.6 million and profit-before-tax surged 19.2% to 169.5 million.

Domino''s Pizza Group Plc declined 4.8% to 503.55 pence after the pizza delivery company said its chief executive officer Lance Batchelor resigned to join private equity-backed company from 2014.

Lloyds Banking Group Plc gained 1.6% to 78.41 pence after the U.K.-based financial service provider sold non-performing loans portfolio of Irish mortgages for 257 million in cash to private equity group Apollo Global Management LLC.

Nestle SA increased 1.2% to 65.25 francs after the Switzerland-based food and beverage group sold its entire 10% stake in Givaudan S.A., flavors and fragrances maker for about 1.2 billion francs or $1.3 billion.

SThree Plc jumped 3.4% to 326.75 pence after the U.K.-based contract staffing provider expects gross profit for the year to drop 5% to 200 million and profit-before-tax in the range of 21 million to 22 million.

Total SA rose 1% to 42.99 after the France-based oil and gas explorer agreed to acquire a stake in InterOil controlled a field in Papua New Guinea in a deal valued $3.6 billion to build liquefied natural gas project.

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