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Market Update

Vivendi Lifts Telecom Italia Stake to 19.9%, Ted Baker Profit Jumps

Author: Nigel Thomas
Last Update: 12:14 PM ET October 06 2015

4:00 PM Frankfurt Vivendi increased its stake in Telecom Italia to 19.9%. Bouygues jumped on positive sales forecast for 2017. BTG tumbled on weak outlook. SABMiller second-quarter sales soared 6%. Ted Baker profit surged 15% and revenues surged 25%.

In London trading, FTSE 100 index increased 30.65 or 0.5% to 6,331 and in Frankfurt the DAX index rose 72.43 or 0.7% to 9,890.38.

In Paris, CAC 40 index gained 37.81 or 0.8% to 4,654.29.

Bouygues SA jumped 3.6% to 34.03 after the France-based telecom company forecasted network sales in 2017 to jump more than 10% from 2014 and estimated one million more mobile customers and one million additional fixed broadband customers in fiscal 2017.

Bouygues raised a savings target for fiscal 2016 of about 100 million to 400 million and plans to invest about 750 million in a year.

BTG Plc tumbled 9.3% to 601.50 after the U.K.-based specialist healthcare company anticipated group revenue for the full-year will be near the lower end of estimated range of 410 million to 440 million.

For the first-half ending in September, the company forecasted specialty pharmaceuticals revenue will be similar to the same period a year ago while revenues in licensing segment will be single digit percentage growth from the prior year.

Greggs Plc surged 9.3% to 1,175.50 pence after the U.K.-based bakery food retailer said comparable sales in the third-quarter ending on October 3 jumped 4.9% and the growth for the year will be slightly ahead of previous forecasts.

Total sales during the period increased 5% and advanced by 5.1% in the year to date.

SABMiller Plc declined 3.5% to 3,633 pence after the brewing and beverages maker said net revenues on constant-currency basis in the second-quarter ending in September jumped 6%.

The trading statement was released earlier from the scheduled October 15, a one day after the U.K. regulatory deadline for AB InBev to make an offer.

Ted Baker Plc dropped 2.5% to 3,196 pence after the U.K.-based fashion brand apparels retailer said sale in the first-half ending on August 15soared 24.5% from a year ago to 226.8 million.

Profit in the period surged 14.9% from a year ago to 13.1 million compared to 11.4 million and diluted earning per share increased to 29.4 pence from 25.8 pence.

Vivendi SA increased 2.1% to 21.39 after the media and pay-television operator increased its stake in Italy-based Telecom Italia SpA for the second time in a month and now holds 19.9% for a total acquisition price of about 3.05 billion.

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