29 Jan, 2019
In London trading, FTSE 100 index jumped 125.43 or 1.9% to 6,846.97 and in Frankfurt the DAX index surged 237.51 or 2.2% to 10,859.58.
In Paris, CAC 40 index soared 98.69 or 2.1% to 4,841.07.
Ashtead Group Plc, jumped 4.7% to 1,681.50 pence after the U.K.-based industrial equipment rental supplier reported revenues in the first-half ending in October soared 19% from a year ago to £2.3 billion.
Net income in the period surged 43.8% to £461.5 million from £320.9 million in the same period a year ago and diluted earnings per share jumped to 94.7 pence from 64.2 pence.
The equipment rental services provider said the U.S.-based Sunbelt business earned additional revenue after stronger demand for clean-up the country after Hurricanes Florence and Michael.
Ashtead forecasted fiscal 2018 results will ahead of prior expectations.
Aurubis AG, gained 0.6% to €43.71 after Germany-based copper producer reported revenues in the year ending in October soared 6% from a year ago to €11.7 billion.
Net profit in the year jumped 12.3% to €265 million from €236 million in a year ago period and diluted earnings per share dropped to €5.87 from €5.21.
Aurubis forecasted fiscal 2018 operating profit moderately below the prior-year result due to unscheduled maintenance shutdowns.
Banco BPM SpA, advanced 3.8% to €2.15 after Italy-based bank said it had signed binding agreement to sell its €7.8 billion bad loans business along with a stake in its debt recovery business to Credito Fondiario and the U.S.-based fund operator Elliott.
The final transaction in expected to complete by the end of second-quarter of 2019.
WPP Plc, soared 5.1% to 846.40 pence after the U.K.-based advertising and public relations services provider said it will spend £300 million or $377 million in the next three years to restructure the existing businesses.
WPP estimated the restructuring is expected to save £275 million by the end of 2021 and reinvest approx half of savings in the period between 2019 and 2021 and operating profit margin of about 15% by the end of 2021.
WPP reaffirmed fiscal 2018 net sales forecast to drop between 0.5% and 1% and operating margin to decline 1% to 1.5%.