Emirates No May End A380, Carillion Files Liquidation

Sarla Buch
15 Jan, 2018
New York City

Airbus may be forced to abandon, once heralded as showpiece, A380 superjumbo passenger aircraft production. U.K. based Carillion files for liquidation. Metso warned of weak fourth-quarter profit. Renault said annual vehicle sales jumped 4%. William Hill beats profit estimates.

[R]4:00 PM Frankfurt – Airbus may be forced to abandon, once heralded as showpiece, A380 superjumbo passenger aircraft production. U.K. based Carillion files for liquidation. Metso warned of weak fourth-quarter profit. Renault said annual vehicle sales jumped 4%. William Hill beats profit estimates.[/R]

In London trading, FTSE 100 index fell 6.43 to 7,772.21 and in Frankfurt the DAX index slipped 33.70 to 13,210.81.

In Paris, CAC 40 index slid 4.55 to 5,512.50.

Airbus SE slipped 0.6% to €89.83 after the Netherlands-based aerospace and defense product maker said that it will stop manufacturing A380 superjumbo aircraft, if the Emirates airline did not place another order for the model.

""If we cannot close an agreement with Emirates, there is no choice but to shut down the program,"" said chief salesman of Airbus John Leahy.

""We remain optimistic that a deal can be concluded,"" said president Emirates Airline Tim Clark.

Carillion Plc last traded at 14.20 pence after suspended from trading, the U.K.-based construction services provider files for liquidation after the rescue talks failed. Over the weekend the U.K. Government refused to offer a bailout to the troubled construction company and creditors also refuse to lend any more capital.

HSBC Holdings and Royal Bank of Scotland, the two leading lenders of the company traded lower in London trading.

Metso Oyj declined 9.8% to €27.02 after Finland-based mining equipment maker forecasted fourth-quarter sales growth of about 5% to €710 million and operating profit of about €64 million in minerals segment on lower margin in the services business.

Renault SA fell 0.4% to €88.20 after France based automobiles maker reported fiscal 2017 sales increased 4.1% to 462,859 units including sale at Dacia and LCV segments.

In Europe, group registrations jumped 5.6% to 1,911,169 units and outside the region and sales outside the Europe surged 49.2% to 1,850,465 units of the total.

Renault maintained the leadership in electric vehicle segment registrations, and the top-selling electric vehicle ZOE sales surged 44%.

William Hill Plc rose 0.2% to 336.10 pence after the U.K.-based online gaming and sports betting services provider forecasted fiscal 2017 operating profit of about £290 million from a year ago period and sales in the U.K. and the U.S. continued to grow at double-digit rates.