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Europe at 3-Week High as Volatile Oil and Metal Prices Rebound

Lucy Stoeva
26 Feb, 2016
New York City

European markets extended gains on Friday on the back of the gain in resource sector overwhelming inflation data from Germany and France. Wind turbine maker Gamesa posted 85% increase in 2015 net profit. Oil producer Eni cut investments to maintain dividends.

European Markets Jump 2%; Lloyds, Seadrill and Technip Surge

Lucy Stoeva
25 Feb, 2016
New York City

European markets rebounded after positive news from key financial and energy companies overshadowed a selloff in China and a drop in oil prices. Technip increased its quarterly profit by 27%. Seadrill announced a refinancing plan. Lloyds will pay a special dividend.

Lower Oil and Copper Weigh on European Markets

Lucy Stoeva
24 Feb, 2016
New York City

Market indexes in Europe declined after resource sector led the downturn and copper and oil prices edged lower. IPF warned of lower 2016 profits amid tighter credit regulations. Barratt Developments posted a 40% pre-tax profit growth.

BHP Cuts Dividend, Stan Chart Reports First Loss in Decades

Lucy Stoeva
23 Feb, 2016
New York City

European markets retreated from the three-week highs. Standard Chartered posted its first loss in more than 25 years. BHP Billiton cut its interim dividend by 74% and posted its first net loss in more than a decade.

Cracker Barrel, Macy's Rise; Ecolab, Expeditors, Smucker, Office Depot Fall

Mukesh Buch
23 Feb, 2016
New York City

Cracker Barrel lifted fiscal earnings outlook. Ecolab net tumbled 38%. Expeditors Intl net soared 15% while sales declined 10%. Home Depot profit surged 7%. Smucker net and sales jumped. Macy''s profit plunged 31%. Office Depot net swung to profit.

Broad Rally in Europe, Sterling Drops on Brexit Worries

Lucy Stoeva
22 Feb, 2016
New York City

A surge in resource prices and the market rebound in Asia powered the stock rally in Europe. The U.K. pound dropped nearly 2% on the concerns that the U.K. may leave the European Union. HSBC reported a surprise pre-tax loss of. Vivendi increased its share in Telecom Italia to 22.8%.

Allergan Loss Narrows, Dean Foods Net Surges

Mukesh Buch
22 Feb, 2016
New York City

AT&T plans to invest $10 billion in its global business solutions unit. Allergan net loss narrowed but revenues soared. Cobalt Intl net loss widened. Dean Foods net surged while revenues plunged. Envision Healthcare net plummeted. LTC Properties net declined 11% to $18 million.

European Markets Trim Weekly Gains, Allianz and Valeo in Focus

Lucy Stoeva
19 Feb, 2016
New York City

European bourses trimmed weekly gains after oil price resumed slide. French auto parts maker Valeo raised its dividend by 36% after net profit surged 30%. Insurer Allianz reported profit growth of 6.3%.

Barnes Group, Brady Jump; CST Brands, Deere, Gentherm, VF Corp Fall

Mukesh Buch
19 Feb, 2016
New York City

Barnes Group net plunged. Brady Corp profit jumped 32% and safety products maker lifted fiscal forecast. CIRCOR net and revenues tumbled. CST Brands declined 73%. Consolidated Edison net jumped 117% but revenues dropped. Deere & Co net plummeted 34%. Virgin America net surged.

European Markets Extend Gains, Weak Resource Sector Weigh on FTSE

Lucy Stoeva
18 Feb, 2016
New York City

European markets gained on renewed hopes of more stimulus from the European Central Bank, but profit taking in resource stocks weighed on the U.K. market. Air France-KLM soared 11% after reporting its first annual profit since 2008. Nestl

IBM in $2.6 B Deal with Truven Health; Hyatt, Wal-Mart Net Tumble

Mukesh Buch
18 Feb, 2016
New York City

Cott Corp net swung to a loss. Choice Hotels net and revenues surged. Duke Energy net fell. DISH Network and Perrigo net swung to a loss. Hyatt Hotels net tumbled. IBM agreed to acquire Truven Health for $2.6 billion. Wal-Mart net declined.

GEO, Medicines, Noble Energy, Priceline Group Soar; Gannett Drops

Mukesh Buch
17 Feb, 2016
New York City

Analog Devices profit declined 8%. Gannett net tumbled 70%. GEO Group profit and revenues surged. Medicines net loss widened. Noble Energy net swung to a loss. Priceline Group net and revenues jumped. T-Mobile US net soared 180% and added 2.1 million net customers.

Banks and Resource Stocks Lead European Markets 2% Rebound

Lucy Stoeva
17 Feb, 2016
New York City

European indexes gained 2% fueled by positive news from the banking and resource sectors. Glencore announced new loan facility. Credit Agricole posted better-than-expected results and simplified its ownership structure. Schneider Electric SE increased its dividend and share-buyback program.

European Markets Turn Volatile on German Economic Outlook

Lucy Stoeva
16 Feb, 2016
New York City

European markets were mixed on Tuesday after volatile banking stocks turned lower and renewed concerns over oil prices. In Germany, economic expectations sank to 1.0 in February from 10.2 in January. Anglo American doubled its net loss in 2015.

ADT Goes Private in $7 B Deal, Freeport Raises $1 B

Mukesh Buch
16 Feb, 2016
New York City

ADT agreed to be acquired by Apollo Global for $7 billion. Baxalta net plunged 88%. Freeport agreed to sell its 13% stake to Sumitomo Metal Mining. Generac net plummeted 81% and agreed to acquire a majority stake in Italy-based PR Industrial. Hormel Foods net soared.

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