U.K. Retailer Next Offered Upbeat Outlook, Ryanair Traffic Soar 10%

Sarla Buch
03 Jan, 2018
New York City

Addex Therapeutics signed deal with $339 million with Indivior. Deutsche Bank faces new claims for

[R]4:00 PM Frankfurt – Addex Therapeutics signed deal with $339 million with Indivior. Deutsche Bank faces new claims for €740 million from its investors. Next lifted fiscal 2017 profit forecast on upbeat Christmas sales. Ryanair December traffic grew 3% and applied for the U.K. domestic routes.[/R]

In London trading, FTSE 100 index edged up 6.84 to 7,654.94 and in Frankfurt the DAX index advanced 62.89 or 0.5% to 12,935.35.

In Paris, CAC 40 index increased 24.48 or 0.5% to 5,313.08.

Addex Therapeutics Ltd surged 20.1% to 2.75 Swiss francs after Switzerland-based molecule drugs maker today signed a licensing and collaboration agreement with the U.K.-based specialty pharmaceutical products maker Indivior Plc to develop and commercialize ADX71441 for addiction treatments.

Under the terms, Addex will receive $5 million upfront, $4 million of committed research funding and $330 million of development, regulatory and commercialization milestones and tiered royalties.

Deutsche Bank AG slipped 0.6% to €91.56 after Germany-based financial services provider said on Twitter that more than 30 investors have sued bank for €740 million, claiming they were paid too little for their Postbank shares in 2010

Next Plc jumped 6.6% to 4,797 pence after the U.K.-based clothing and home products retailer lifted fiscal 2017 pretax profit forecast to £725 million from the earlier estimate of £717 million and full price sales increased 1.5% compared to the estimate of 0.3% in November.

Ryanair Holdings Plc jumped 3.1% to €15.46 after Ireland-based ultra-low fare airline operator said in December traffic grew by 3% to 9.3 million passengers and load factor increased 1% to 95% from the same month a year ago.

For fiscal 2017, the airliner said total traffic soared 10% to 129 million from a year ago month.

Separately, today Ryanair said it had applied for a license to operate domestic U.K. air routes.

Wizz Air Holdings Plc fell 0.4% to 3,686 pence after the U.K.-based low-cost airline operator said passenger numbers in December surged 19.8% to 2.25 million from 1.88 million in December 2016 and load factor increased to 87.5% from 87.3%.

The budget airline said total passenger numbers in fiscal 2017 jumped 24.1% to 28.3 million from 22.8 million in 2016 after it adding three new routes from the U.K. and one from Latvia.