european equities slide on poor earnings
Last Updated : GMT 10:30:02
Arab Today, arab today
Arab Today, arab today

European equities slide on poor earnings

Arab Today, arab today

Arab Today, arab today European equities slide on poor earnings

London - AFP

Europe's main stock markets beat a retreat on Thursday, as investor sentiment was knocked by a raft of poor company results, dealers said. London's benchmark FTSE 100 index fell 0.72 percent to stand at 6,750.58 points in midday deals. Frankfurt's DAX 30 dived 1.58 percent to 9,509.95 points and the CAC 40 in Paris dipped 0.78 percent to 4,362.66 points. The euro firmed against the dollar. Concerns over what would be a catastrophic default by Ukraine saw the local currency take a 9.6-percent plunge to a record low of 11.5 hryvnias against the dollar in afternoon trading In London, shares in Royal Bank of Scotland (RBS) tumbled 9.15 percent to 321.60 pence after the state-rescued lender revealed that losses soared to almost £9.0 billion last year on legal charges and the creation of a 'bad bank'. Net losses widened 49 percent to £8.995 billion ($15.0 billion, 10.9 billion euros) in 2013, RBS said in a results statement as it unveiled major new restructuring plans that will result in yet more job losses. That compared with a loss after tax of £6.055 billion in 2012. The Edinburgh-based bank, which is 81-percent state-owned after the world's biggest bailout during the global financial crisis, added it will slash its cost base by another £5.3 billion in the coming years and warned of more "inevitable" job cuts. Allianz topped the fallers board in Frankfurt after the company, Europe's leading insurer disappointed investors with its fourth-quarter earnings. The group's share price slid 3.89 percent to 125.9 euros. Allianz added however that it would pay shareholders an increased dividend of 5.30 euros per share for 2013, compared with 4.50 euros a year earlier. In Paris, Areva stock plunged by 14.01 percent to 18.78 euros after the French nuclear power group reported a net loss for the third year running. Areva revealed that it had taken heavy charges for its deeply troubled contract to build a new-generation EPR nuclear reactor in Finland. The group also warned that sales this year would suffer from persistent problems for the nuclear energy market. Areva logged a net loss of 494 million euros ($675 million). French computer group Bull meanwhile reported a net profit slump, sending its shares diving. The company, which has gone through years of restructuring and strategy refocusing, said that net profit last year fell by almost two-thirds from the 2012 level to 10.9 million euros ($14.9 billion). The price of Bull shares dropped 8.61 percent to 3.61 euros. In foreign exchange deals on Thursday, the European single currency rose to $1.3653, from $1.3683 late in New York on Wednesday. The euro eased to 82.06 British pence from 82.10 pence on Wednesday. The pound slipped to $1.6640 from $1.6667. On the London Bullion Market, the price of gold stood at $1,331.53, compared with $1,331.75 on Wednesday.

arabstoday
arabstoday

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

european equities slide on poor earnings european equities slide on poor earnings

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

european equities slide on poor earnings european equities slide on poor earnings

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday