Deutsche Boerse Drops; AXA, Adidas Surges

123jump.com Staff
05 Aug, 2009
New York City

European benchmark indexes traded sideways. AXA net in the first half declined 39%. Deutsche Boerse dropped 6.5% after net dropped 33% in the first half. Swiss Re reported quarterly net loss.

[R]7:00 PM Frankfurt, Paris; 1:00 PM New York – European benchmark indexes traded sideways. AXA net in the first half declined 39%. Deutsche Boerse dropped 6.5% after net dropped 33% in the first half. Swiss Re reported quarterly net loss.[/R]

In London FTSE 100 Index closed lower 24.24 or 0.52% to 4,647.13, in Paris CAC 40 Index decreased 17.84 or 0.51% to close at 3,458.53 and in Frankfurt DAX index lower 64.01 or 1.18% to close at 5,353.01. In Zurich trading SMI decreased 27.87 or 0.47% to close at 5,911.91.

Gainers & Losers

Adidas AG surged 5.9% to 32.23 euros after first-half sales fell 2.5% to €2.46 billion from €2.52 billion a year ago. Net profit in the first-half fell 101% to €9 million or €0.06 per diluted share compared to net profit of €116 million or €0.56 per share a year ago.

AXA increased 1.7% to 15.57 euros after first-half revenues fell 1.8% to €48.4 billion from €49.3 billion a year ago. Net profit in the first-half fell 39% to €1.32 billion or €0.50 per diluted share compared to net profit of €2.16 billion or €1.07 per share a year ago.

Bauer AG decreased 0.5% to 23.80 euros after first-half revenues fell 5.4% to €681 million from €719.5 million a year ago. Net profit in the first-half fell 43.3% to €21.1 million compared to net profit of €37.2 million a year ago.

Deutsche Boerse AG dropped 6.5% to 53 euros after first-half revenues fell 13.8% to €1.06 billion from €1.23 billion a year ago. Net profit in the first-half fell 33% to €370.8 million or €1.99 per diluted share compared to net profit of €553.6 million or €2.88 per share a year ago.

Henkel AG & Co increase 3.3% to 26.34 euros after second quarter sales fell 5% to €3.49 billion from €3.67 billion a year ago. Net profit in the quarter rose 276% to €143 million or €0.33 per diluted share compared to net profit of €38 million or €0.09 per share a year ago.

Kuka AG increased 0.3% to 10.68 euros after first-half revenues fell 24.7% to €437.7 million from €580.9 million a year ago. Net loss in the first-half was €36.0 million or €1.42 per diluted share compared to net profit of €18.7 million or €0.71 per share a year ago.

Societe Generale SA surge 6% to 49.10 euros after second quarter revenues rose 2.4% to €5.72 billion from €5.53 billion a year ago. Net profit in the quarter fell 52% to €309 million compared to net profit of €644 million a year ago.

Swiss Re declined 2% to CHF 42.48 the global reinsurer said second quarter net loss was CHF381 million or €1.13 per diluted share compared to net profit of CHF564 million or €1.70 per share a year ago.

DAX Index Movers

Deutsche Boerse AG led the decliners in the DAX index of 6.81% followed by losses in Volkswagen AG of 6.34%, in Daimler AG of 3.42%, in BMW AG of 3.02%, in Fresenius SE of 2.77%.

Deutsche Lufthansa AG led gainers in the DAX index with a rise of 6.49% followed by increase in Adidas AG of 5.86% in Henkel AG of 3.02%, in Allianz SE of 2.44%, in CommerzBank AG of 1.14%.

CAC-40 Index Movers

Michelin SCA led the decliners in the CAC-40 index of 2.97% followed by losses in Electricite de Strasbourg SA of 2.80%, in GDF Suez SA of 2.56%, in Renault SA of 2.33%, in STMicroelectronics N.V. of 2.32%.

Vallourec SA gainers in the CAC-40 index with a rise of 7.33% followed by gains in Air France-KLM SA of 7.07%, in Societe General SA of 6.02%, in Unibail-Rodamco SA of 3.84%, in Accor SA of 1.99%.

FTSE 100 Index Movers

Of the stocks in the FTSE 100 index, 44 increased, 57 declined and 1 were unchanged.

Randgold Resources Ltd. decliners in the FTSE 100 index with a loss of 4.32% followed by losses in Royal Dutch Shell Plc-A of 3.90%, in Royal Dutch Shell Plc-B of 3.63%, in BG Group Plc of 3.62%, in Reed Elsevier Plc of 3.53%.

Lloyds Banking Group Plc led gainers in the FTSE 100 index with a rise of 10.60% followed by increase in British Airways Plc Plc of 7.66%, in Land Securities Group Plc of 6.93%, in Hammerson Plc of 5.79%, in Liberty International Plc of 3.04%.