Indexes in U.K. and Europe Surge in Final Quarter and in 2016

Sarla Buch
30 Dec, 2016
New York City

Despite Brexit fears, indexes in the U.K. and Europe surged in the quarter and extended the halted rally in the year. Hammerson agreed to sell 50% stake in Watermark to its Singapore-based partner GIC. ICAP completed the sale of its global hybrid broking business to Tullett Prebon for

[R]4:00 PM Frankfurt – Despite Brexit fears, indexes in the U.K. and Europe surged in the quarter and extended the halted rally in the year. Hammerson agreed to sell 50% stake in Watermark to its Singapore-based partner GIC. ICAP completed the sale of its global hybrid broking business to Tullett Prebon for £1.3 billion.[/R]

In London trading, FTSE 100 index gained 22.57 or 0.3% to 7,142.83 and in Frankfurt the DAX index edged up 30.01 or 0.3% to 11,481.06.

In Paris, CAC 40 index rose 12.43 or 0.3% to 4,850.90.

For the week, FTSE 100 index increased 1.5%, the DAX index rose 0.5% and the CAC 40 index edged up 0.4%.

For the month, FTSE 100 index soared 4.9%, the DAX index advanced 7.7% and the CAC 40 index jumped 5.9%.

For the quarter, FTSE 100 index jumped 3.2%, the DAX index surged 9.1% and the CAC 40 index soared 9.1%.

For the year, FTSE 100 index surged 13.4%, the DAX index jumped 6.7% and the CAC 40 index advanced 3.7%.

Hammerson Plc increased 1.8% to 573 pence after the U.K.-based real estate developer agreed to sell 50% stake in its newly-opened leisure and dining assets Watermark in Southampton to its Singapore-based partner GIC for £48.5 million or $59.55 million.

TP ICAP Plc, formerly ICAP Group jumped 4.8% to 433.30 pence after the U.K.-based brokerage services provider today completed the sale of its global hybrid broking business to Tullett Prebon for about £1.28 billion.

TP ICAP Plc starts trading with a new name called NEX Group Plc from today.

""Today we complete our transformation as we officially launch NEX Group, a technology services company,"" chief executive officer of NEX Group Plc Michael Spencer said.

NEX Group Plc stock soared 4.2% to 464.50 pence.

KUKA AG gained 1.7% to €88.55 after the Committee on Foreign Investment in the United States and Directorate of Defense Trade Controls approved takeover of Germany-based robotics and automation solution provider by China-based Midea Group Co., Ltd.