Europe Movers: Carnival, EasyJet, UniCredit, United Utilities

Nigel Thomas
03 Oct, 2014
New York City

EasyJet surged after improved fiscal outlook. UniCredit agreed to sell its 16.4% stake in CA Immobilien for

[R]4:00 PM Frankfurt – EasyJet surged after improved fiscal outlook. UniCredit agreed to sell its 16.4% stake in CA Immobilien for €295 million. United Utilities trimmed investment plans and said revised tariff rate to 2020 will save lower costs to consumers.[/R]

In London trading, FTSE 100 index climbed 1.3% or 81.52 to 6,527.91 and in Frankfurt the DAX index declined 2% or 186.35 to 9,195.68.

In Paris, CAC 40 index jumped 0.9% or 39.07 to 4,281.74.

Carnival Plc soared 4.3% to 2,444 pence after the cruise line operator said the company improved fuel efficiency between 2007 and 2014 by 24% and saved $2.5 billion in fuel costs and estimated additional savings of 1 billion gallons by the end of 2014.

EasyJet Plc surged 6.4% to 1,459 pence after the U.K.-based airline company expected revenue per seat for the year to grow by around 1.5% and pretax profit to increase between £575 million and £580 million from earlier estimate of £545 million and £570 million, mainly due to lower-than-expected fuel costs.

In September, the company carried 6.14 million passengers, an increase of 7.5% from 5.71 million and load factor climbed to 92.2% compared to 89.7% in the month a year earlier.

UniCredit SpA jumped 2.4% to €6.14 after the Italy-based financial service provider agreed to sell its 16.4% stake in CA Immobilien Anlagen AG to a Cyprus-based investment fund for €295 million or $375 million.

United Utilities Group Plc climbed 3.2% to 803.13 pence after the U.K.-based water and wastewater plants operator revised pricing plan for 2015 to 2020 periods and reduced planned total expenditure by about £370 million from the earlier proposal.

As per the fresh plan, the company said average household bills to drop 4.1% in real terms over the five-year period compared to 2.3% reduction estimated in the plan proposed in June.