Europe Movers: Booker, Generali, BTG, Domino's, EADS, IAG

Nigel Thomas
04 Apr, 2013
New York City

Booker total sales increased 3.5% to

[R]3:00 PM Frankfurt – Booker total sales increased 3.5% to £4 billion. Banca Generali said Assicurazioni Generali successful completed a stake sale of 12% in the bank. BTG expects full-year revenue of £230 million. Domino''s sales for the quarter jumped 12.3% to £164.1 million.[/R]

In London trading, FTSE 100 index slipped 0.8% or 52.6 to 6,368 and in Frankfurt the DAX index edged up 0.1% to 4 to 7,879.

In Paris, CAC 40 index slid 0.2% or 9.3 to 3,746.

Booker Group Plc slid 0.9% to 121.70 pence after the UK based food wholesaler said total sales grew 2.3% for the quarter and for the year total sales increased 3.5% to £4 billion compared to last year. Profits for the year ended on March 29 remain in line with expectations.

The company added Internet sales increased 11% to £704 million and expansion in India continues with the opening of our third branch in Mumbai.

Banca Generali SpA declined 5.5% to €13.79 after the Italy based bank said Assicurazioni Generali announces the successful completion of stake sale 12% representing 13.7 million ordinary shares at €13.55 per share.

Gross proceeds from the placement were €185.2 million resulting in a capital gain of nearly € 143 million.

BTG Plc gained 2.1% to 366.20 pence after the UK based healthcare specialist reported full year revenue is expected to be around £230 million.

Domino''s Pizza Group plc climbed 6.1% to 606 pence after the UK based pizza delivery said system sales for the quarter jumped 12.3% to £164.1 million. The company said like-for-like sales in the UK in 670 stores climbed by 6.6% from 4.1% in last year.

The online sales account for 61.9% of all UK delivered sales. Sales taken through online platforms surged 38.4% to £82.4 million, 25.2% through a mobile device.

EADS NV slipped 1.7% to €39.63 after the Netherlands based aerospace and defense sector said Sociedad Estatal de Participaciones Industriales sale of 1.15% stake for €380 million. SEPI said it still owns 4.2% of EADS.

Fresenius Medical Care AG & Co KGaA jumped 4.2% to €56.32 after the German based dialysis products and service provider said it will buy back with an aggregate value of up to €385 million over the next six months.

International Airlines Group, the parent of Iberia and British Airways reported the company plans to order 18 more 787 Dreamliners to replace grounded Dreamliners with battery problems in January. The company said in regulatory filing with Spanish stock exchange.