Europe Earnings: Ashmore, ASOS, Balfour Beatty, BSkyBCelesio, SGPS

Nigel Thomas
14 Jan, 2014
New York City

Ashmore tumbled 13% after assets under management declined to $75.3 billion. ASOS plunged 7% despite sales increased 38% to

[R]3:40 PM Frankfurt – Ashmore tumbled 13% after assets under management declined to $75.3 billion. ASOS plunged 7% despite sales increased 38% to £336 million. Balfour Beatty anticipated order book in-line with expectation. Jeronimo Martins said sales for the year jumped 10.7% to €11.8 billion.[/R]

In London trading, FTSE 100 index slid 0.2% or 13.03 to 6,744 and in Frankfurt the DAX index fell 0.4% or 37.95 to 9,472.

In Paris, CAC 40 index dropped 0.4% or 17.62 to 4,246.

Ashmore Group Plc tumbled 12.6% to 357.50 pence after the U.K.-based investment manager said assets under management in the second-quarter declined 4.1% to $75.3 billion from $78.5 billion as of the first quarter 2013.

ASOS Plc plunged 7.4% to 6,355 pence after the U.K.-based online fashion and beauty retailer Total retail sales in the four months ending in December climbed 38% to £335.7 million. Sales in the UK surged 37% to £133.7 million and international sales rose 38% to £202 million.

Balfour Beatty Plc gained 1.3% to 293.90 pence after the U.K.-based infrastructure developer anticipated order book for the year in-line with the £13.5 billion estimate.

British Sky Broadcasting Group Plc climbed 4.1% to 873.58 after the U.K.-based pay television service provider said it has completed the purchase of 18,573 shares from 21st Century Fox. The price paid by the company was 823.956 pence per share.

Celesio AG plunged 5.2% to €22.90 and the Germany-based pharmaceutical distributor plans to remain independent as McKesson Corporation failed to reach minimum acceptance rate of 75% despite for its takeover offer. McKesson increased its offer by €0.50 to €23.50 per Celesio share on January 9.

Jeronimo Martins SGPS SA dropped 2.7% to €13.61 after the Portugal-based supermarket operator said net sales in the year jumped 10.7% to €11.8 billion from €10.7 billion a year ago.

The retailer said sales in the fourth-quarter climbed 8.5% to €3.13 billion from €2.88 billion a year earlier. Comparable sales in the fourth quarter increased 2.5% in Poland.