Airbus Wins $10 B Order from China; Agricole Net Jumps

Nigel Thomas
06 Nov, 2014
New York City

Airbus secured $10.2 billion order from China Aircraft. AstraZeneca net tumbled 80% and sell Myalept business for $325 million. Credit Agricole net jumped 4%

[R]4:00 PM Frankfurt – Airbus secured $10.2 billion order from China Aircraft. AstraZeneca net tumbled 80% and sell Myalept business for $325 million. Credit Agricole net jumped 4% €758 million. Cable & Wireless net swung to profit and agreed to buy Columbus Intl for $1.9 billion.[/R]

In London trading, FTSE 100 index rose 0.2% or 15 to 6,554.14 and in Frankfurt the DAX index increased 1% or 92.42 to 9,407.90.

In Paris, CAC 40 index gained 0.8% or 35.98 to 4,244.40.

Airbus Group NV jumped 1.8% to €48.65 after the France-based aircrafts, helicopters, commercial space launch vehicles maker secured order to supply 100 single-aisle A320 planes to China Aircraft Leasing Group Holdings Ltd. for about $10.2 billion.

AstraZeneca Plc slipped 1.5% to 4,549 pence after the U.K.-based biopharmaceutical company reported revenue in the third-quarter ending in September jumped 4.6% to $6.54 billion from $6.25 billion a year ago period.

Net income in the quarter tumbled 79.8% from a year ago to $253 million compared to $1.25 billion and diluted earnings per share dropped to 20 cents from 99 cents.

Separately today, the company agreed to sell Myalept orphan product that treats complications of leptin deficiency to Aegerion Pharmaceuticals, Inc. for $325 million.

Credit Agricole SA dropped 4.8% to €11.11 after the France-based banking group reported revenue in the third-quarter ending in September climbed 4% to €4.01 billion and net income jumped 4.1% €758 million from a year ago period.

Cable & Wireless Communications Plc declined 5.4% to 46.28 pence after the U.K.-based communications service provider agreed to acquire privately-owned Columbus International Inc. for about $1.85 billion.

The company said total revenue in the first-half ending in September rose 1% to $848 million from $841 million a year ago period.

Net in the period swung to profit from a year ago to $103 million compared to a loss of $8 million and earnings per share swung to 1.9 cents from a loss of 2 cents.

Coca Cola HBC AG slid 0.1% to 1,378 pence after the Switzerland –based non-alcoholic beverages maker said net revenue in the third-quarter ending in September declined 5.3% to €1.82 billion from €1.92 billion a year ago period.

Net profit in the quarter edged up 0.1% from a year ago to €148.2 million compared to €148.1 million and earnings per share was flat at €0.41 from a year ago period.

Experian Plc climbed 5.8% to 994.50 pence after the U.K.-based analytical tools provider said revenue in the second-quarter ending in September increased 2.1% to $2.39 billion from $2.34 billion a year ago period.

Profit in the quarter soared 21.7% from a year ago to $409 million compared to $336 million and diluted earnings per share jumped to 41.4 cents from 33.8 cents.