Hilton Food, Partners Group, JD Sports Profit Jump; Esure to Split Gocompare

Sarla Buch
13 Sep, 2016
New York City

Esure plans to separate its price comparison website Gocompare.com. Hilton Food net surged 30%. Partners Group soared 19% to 254 million francs. JD Sports profit surged 69% on 20% jump in revenues. Ocado group sales in the third-quarter surged 15%.

[R]4:00 PM Frankfurt – Esure plans to separate its price comparison website Gocompare.com. Hilton Food net surged 30%. Partners Group soared 19% to 254 million francs. JD Sports profit surged 69% on 20% jump in revenues. Ocado group sales in the third-quarter surged 15%.[/R]

In London trading, FTSE 100 index edged up 2.50 to 6,702.66 and in Frankfurt the DAX index rose 6.60 to 10,437.35.

In Paris, CAC 40 index slipped 30.68 or 0.7% to 4,409.12.

Esure Group Plc gained 1.2% to 290.70 pence after the U.K.-based insurance services provider plans to demerge its price comparison website Gocompare.com and list it on the London stock exchange in the fourth-quarter.

The demerger is expected to be completed before the end of the year after regulatory approvals.

Hilton Food Group Plc soared 5.2% to 605.12 pence after the U.K.-based meat packing group said revenues in the twenty-eight week ending on July 28 jumped 9.1% from a year ago to £631.9 million.

Net profit in the period surged 29.9% from a year ago to £13.4 million compared to the £10.3 million and diluted earnings per share advanced to 16.6 pence from 13 pence.

Partners Group Holding surged 9.9% to 497.75 Swiss francs after the Switzerland-based private markets investment firm reported revenues in the first-half ending in June jumped 57.7% from a year ago to 441.9 million francs.

Net income in the period soared 18.7% from a year ago to 253.7 million francs compared to the 213.8 million francs and diluted earnings per share increased to 9.53 francs from 8.03 francs.

JD Sports Fashion Plc jumped 5% to 1,400 pence after the U.K.-based sports fashion and outdoor brands reported revenues in the first-half ending in July advanced 20% from a year ago to £970.6 million.

Net profit in the period surged 69.4% from a year ago to £58.1 million compared to the £34.3 million and diluted earnings per share increased to 29.83 pence from 17.62 pence.

Ocado Group Plc tumbled 14.3% to 275.90 pence after the U.K.-based online grocery retail stated group sales in the third-quarter ending on August 7 surged 15.4% from a year ago to £314 million and gross sales in retail segment jumped 13.6% to £286.4 million while average order size per week dropped 3.4% to £107.94 million.

Sportech Plc surged 9.4% to 77.77 pence after the U.K.-based pools betting services provider agreed to sell its Football Pools to private equity firm Burlywood Capital for about £97.25 million on a debt and cash free basis.