4:00 PM Frankfurt – Delivery Hero net swung to profit after revenues surged 38%. Natixis sold several of its finance services units to parent company BPCE. WM Morrison profit declined. Rubis net declined but revenues surged.
In London trading, FTSE 100 index edged down 0.51 to 7,312.85 and in Frankfurt the DAX index advanced 55.97 or 0.5% to 12,087.38.
In Paris, CAC 40 index increased 22.49 or 0.4% to 5,353.98.
Delivery Hero SE
declined 5% to €44.16 after Germany-based online food-delivery service provider reported revenues in the first-half ending in June surged 38.1% from a year ago to €340 million.
Net in the period swung to profit €146.7 million from a loss of €221.4 million in the same period a year ago period and diluted earnings per share swung to €0.80 from diluted loss per share of €1.54.
The online food-delivery service provider said it plans to divest its business in Brazil, Australia, France, Italy and Netherlands in the second-half 2018.
Delivery Hero forecasted fiscal 2018 revenues between €760 million and €780 million and additional investments may negatively impact the adjusted operating profit up to €80 million.
jumped 3.3% to €5.97 after France-based insurance and financial services provider today said it sold off units of its finance services division to parent company Groupe BPCE for about €2.7 billion or $3.1 billion.
The transaction is expected to close by the end of first-quarter 2019.
plunged 8.7% to €46.16 after France-based petroleum, gas, food and chemical storage service provider reported revenues in the first-half ending in June soared 21% from a year ago to €2.4 billion.
Net profit in the period declined 7.2% to €129 million from €139 million in the same period a year ago period and diluted earnings per share swung to €0.80 from diluted loss per share of €1.54.
Rubis said sales in Europe rose 3%, in Caribbean region surged 8% and in Africa increased 4%.
WM Morrison Supermarkets Plc
slipped 1.4% to 262.05 pence after the U.K.-based supermarkets operator said revenues in the first-half ending on August 5 jumped 4.5% from a year ago to £8.8 billion.
Net income in the period tumbled 41.6% to £94 million from £161 million in a year ago period and diluted loss per share increased to 3.91 pence from 6.81 pence.
The supermarkets operator said pretax profit in the period declined 29% to £142 million from £200 million in the same period a year ago and the decline in profit was driven by costs of bond tendering and estimated inventory cost.
However, the retailer said comparable sales in the first-half advanced 4.9% and in second-quarter soared 6.3%.