Nokia in Talk with Alcatel, Fraport March Traffic Jumps

Nigel Thomas
14 Apr, 2015
New York City

Alcatel Lucent surged on merger talks with Nokia. British Land acquired London-based property from Malaysian state pension fund for

[R]4:00 PM Frankfurt – Alcatel Lucent surged on merger talks with Nokia. British Land acquired London-based property from Malaysian state pension fund for £210 million. Frankfurt Airport said passenger in March jumped 2.5% to 4.6 million. Gerresheimer profit surged 23% to €11 million.[/R]

In London trading, FTSE 100 index rose 0.1% or 8.57 to 7,072.87 and in Frankfurt the DAX index declined 0.9% or 110.04 to 12,228.69.

In Paris, CAC 40 index dropped 0.7% or 37.24 to 5,216.88.

Alcatel Lucent SA surged 15.9% to €4.47 after the Bloomberg News reported Nokia Oyj confirmed that it is in advance talk with France-based telecom equipment maker.

British Land Company Plc gained 0.5% to 864.50 pence after the U.K.-based real estate developer completed the acquisition of the freehold office property at One Sheldon Square in London''s Paddington Central that owned by Malaysian state pension fund for about £210 million.

Fraport Frankfurt Airport Services Worldwide AG slid 0.3% to €56.42 after the Germany-based airport services provider said traffic in March jumped 2.5% to 4.6 million passengers but the number of total aircraft movements dropped by 2.3% to 37,218 departures and landings.

The airport services provider said cargo volume declined by 6.1% to 189,546 metric tons.

Gerresheimer AG climbed 5.6% to €57.05 after the Germany-based diversified conglomerate stated revenues in the first-quarter ending in February jumped 1.4% to €301.8 million from €297.5 million in a year ago period.

Net profit in the quarter surged 23% form a year ago to €11.1 million compared to €9 million and earnings per share jumped to €0.35 from €0.29.

The company forecasted organic revenue growth for fiscal 2015 between 1% and 3%.