William Hill Rejects

Sarla Buch
10 Aug, 2016
New York City

Bilfinger net loss narrowed. E.ON net swung to a loss after revenues plummeted 11%. G4S net soared as in the first-half secured new contracts worth

[R]4:00 PM Frankfurt – Bilfinger net loss narrowed. E.ON net swung to a loss after revenues plummeted 11%. G4S net soared as in the first-half secured new contracts worth £1.4 billion. Heidelberger net loss widened. Prudential net tumbled.[/R]

In London trading, FTSE 100 index edged up 5.11 to 6,856.43 and in Frankfurt the DAX index decreased 31.87 or 0.3% to 10,661.81.

In Paris, CAC 40 index fell 13.44 or 0.3% to 4,453.73.

Bilfinger SE jumped 2.5% to €29.35 after the after the Germany-based engineering services provider reported total revenues in the first-half ending in June declined 11% from a year ago to €2.14 billion.

Net loss in the period narrowed from a year ago to €134 million compared to the €439 million and diluted loss per share dropped to €3.03 from €9.93.

The engineering services provider said orders received for the quarter declined 12.7% to €1.03 billion from a year ago period.

E.ON SE plunged 7% to €8.77 after the Germany-based energy solutions provider said sales in the first-half ending in June plummeted 11% from a year ago to €20.3 billion.

Net in the period swung from a year ago to €3.03 billion loss compared to €1.15 billion income and diluted loss per share swung to a €1.55 from diluted earnings per share of €0.59.

G4S Plc surged 15.5% to 226 pence after the U.K.-based security services provider said revenues in the first-half ending in June jumped 3.2% from a year ago to £3.53 billion.

Net income in the period soared 43.8% from a year ago to £69 million compared to the £48 million and diluted earnings per share rose 4.5 pence from 3.1 pence.

Chief executive officer Ashley Almanza said in the first half, the group secured new contracts worth about £1.4 billion.

Heidelberger Druckmaschinen AG plunged 6.5% to €2.45 after the Germany-based printing machines maker stated sales in the first-quarter ending in June declined 13.7% from a year ago to €486 million.

Net loss in the quarter widened from a year ago to €37 million compared to the €4 million and diluted loss per share increased to €0.14 from €0.02.

Prudential Plc advanced 2.5% to 1,427 pence after the U.K.-based financial services provider reported total revenues in the first-half ending in June soared 40.6% from a year ago to £35.54 billion.

Net income in the period tumbled 52.3% from a year ago to £687 million compared to the £1.44 billion and diluted earnings per share slumped to 26.87 pence from 56.2 pence.

The insurer said operating profits in Asia surged 15% to £743 million and including the U.S. and U.K. total operating profit in the first-half jumped 6% to £2.06 billion.

William Hill Plc slipped 1.7 % to 323.40 pence after the U.K.-based betting services provider said that the board rejected the unsolicited non-binding highly conditional £3.6 billion three-way merger proposal from 888 Holdings Plc and Rank Group Plc.

Chairman of the company the proposal is a complex three-way combination at a low “premium” and also ""conditional proposal substantially undervalues the company.""