Europe Movers: Carpetright, Imagination Tech, Saab, Banco de Sabadell

Nigel Thomas
30 Jun, 2015
New York City

Saab signed contracts for two new submarines and to upgrade two submarines worth about 8.6 billion kronor. Banco de Sabadell received regulatory approval to acquire share of TSB Banking for

[R]4:00 PM Frankfurt – Saab signed contracts for two new submarines and to upgrade two submarines worth about 8.6 billion kronor. Banco de Sabadell received regulatory approval to acquire share of TSB Banking for £1.7 billion. Carpetright net swung to profit. Imagination Technologies net swung to a loss.[/R]

In London trading, FTSE 100 index fell 0.9% or 61.45 to 6,556.25 and in Frankfurt the DAX index slipped 0.7% or 81.33 to 10,997.82.

In Paris, CAC 40 index gained 0.4% or 19.84 to 4,889.66.

For the month, FTSE 100 index plunged 6.2% and in Frankfurt the DAX index dropped 3.6%. In Paris, CAC 40 index slumped 3.7%.

For the quarter, FTSE 100 index declined 4.9% and in Frankfurt the DAX index plummeted 8.9%. In Paris, CAC 40 index declined 5.1%.

For the six-months, FTSE 100 index decreased 1.2% and in Frankfurt the DAX index soared 10.8%. In Paris, CAC 40 index surged 11.7%.

In the last twelve months, FTSE 100 index dropped 2.8% and in Frankfurt the DAX index surged 11.9%.

In Paris, CAC 40 index jumped 9%.

Carpetright Plc soared 5% to 619 pence after the U.K.-based specialist floor covering retailer said group revenues in the year ending on May 2 increased 3.3% to £469.8 million from £447.7 million in a year ago period.

Net in the year swung to profit from a year ago to £6.6 million compared to a loss of £7.2 million and diluted earnings per share swung to 6.7 pence from a diluted loss per share of 5.3 pence.

The company said it had made “encouraging start” to new fiscal year in the eight weeks to 27 June.

Comparable sales climbed 4.9% in the U.K. and soared 7.4% in the rest of Europe.

Imagination Technologies Group Plc jumped 2.5% to 221 pence after the U.K.-based mobile graphic processor designer said group revenues in the year ending in April rose 3.6% to £177 million from £170.8 million in a year ago period.

Net in the year swung to a loss from a year ago to £13.02 million compared to profit of £0.78 million and diluted loss per share swung to a 4.9 pence from diluted earnings per share of 0.3 pence.

The company added royalty revenue in the year climbed 9% to £118.9 million and licensing revenue gained 2% to £39 million.

Saab AB gained 0.5% to €202 after the Sweden-based military defense to civil security products maker signed contracts with the Swedish Defense Materiel Administration for the construction of two new Type A26 submarines and a mid-life upgrade for two Gotland-class submarines worth about 8.6 billion kronor or $1.04 billion.

Banco de Sabadell SA increased 0.8% to €2.19 after the Spain-based financial institution received approval from Britain''s financial regulators for £1.7 billion or $2.7 billion to acquire shares of U.K.-based TSB Banking Group Plc.