Dunelm, Next Profit Jump; Morrison Net Tumbles

Nigel Thomas
10 Sep, 2015
New York City

Bouygues secured contract worth

[R]4:00 PM Frankfurt – Bouygues secured contract worth £257 million to build cancer hospital in London. Dunelm net jumped. Deutsche Lufthansa passenger traffic and load factor rose in August. Next, the apparel retailer said profit soared 8%. Grocery retailer Morrison said net tumbled 42%.[/R]

In London trading, FTSE 100 index slumped 73.17 or 1.2% to 6,155.66 and in Frankfurt the DAX index decreased 102.93 or 1% to 10,200.19.

In Paris, CAC 40 index declined 56.50 or 1.2% to 4,608.09.

Bouygues SA rose 0.4% to €34.77 after the France-based building construction services provider secured a contract worth about £257 million from the University College London Hospitals NHS Foundation to build a new hospital dedicated to advanced cancer treatment and surgery services in central London.

Etablissementen Fr Colruyt NV fell 1.4% to €42.62 after the Belgium-based food products retailer agreed to acquire 40% stake in domestic online underwear store MyUnderwear24.

Dunelm Group Plc slipped 1.2% to 893.96 pence after the U.K.-based home furnishing company reported revenues in the year ending on June 27 soared 12.7% from a year ago to £835.8 million from £730.2 million.

Net profit in the quarter jumped 7.8% from a year ago to £96.1 million compared to £89.1 million and diluted earnings per share increased to 47.3 pence from 43.7 pence.

Darty Plc jumped 3.1% to 77.31 pence after the U.K.-based electrical appliances retailer said revenues in the first-quarter ending in July increased 2% from a year ago period.

The company said revenues in France jumped 2.4% and in Belgium and the Netherlands increased 0.5%.

The retailer forecasted to reduce average net debt by €50 million.

Deutsche Lufthansa AG rose 0.3% to €11.73 after the Germany-based airline reported passenger traffic in August jumped 3.6% to 10.85 million and load factor increased 1.2 percentage point to 87.6% but cargo load factor declined 5.2 percentage point to 61.1% from a year ago month.

Next Plc increased 0.5% to 7,715 pence after the U.K.-based clothing, footwear, accessories and home products retailer reported revenues in the first-half ending in July jumped 2.2% from a year ago to £1.89 billion from £1.85 billion.

Net profit in the quarter soared 7.5% from a year ago to £277 million compared to £257.7 million and diluted earnings per share advanced to 183.7 pence from 168.8 pence.

The retailer reaffirmed pre-tax profit for the year between £805 million and £845 million.

WM Morrison Supermarkets Plc slumped 3.3% to 170.10 pence after the U.K.-based supermarkets operator said revenues in the first-half ending on August declined 5.1% from a year ago to £8.1 billion from £8.5 billion.

Net profit in the quarter tumbled 41.5% from a year ago to £107 million compared to £183 million and diluted earnings per share dropped to 4.57 pence from 7.81 pence.

Separately, the supermarket operator agreed to sell 140 local convenience stores for about £25 million in cash to a team led by retailer Mike Greene and Greybull Capital LLP.