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European stocks rose
European stocks rose, climbing to the highest level in the last 4.5 years, after the company reported better-than-expected results of its activities.
Stoxx Europe 600 Index added 0.2 percent, reaching 294.79.
Note that today is expected to publish the reports of eight other companies that are in the Stoxx 600 today. Of those that reported their results, about 48% higher than analysts' estimates for earnings.
Cost Henkel AG rose 2.7% to 70.54 euros, registering with the highest value, at least since August 1992, after the company reported a 4 percent increase in revenue for the fourth quarter, topping analysts' estimates at 3.2%. We also note that Henkel forecast sales growth of as much as 5 percent, as well as higher yield this year.
Shares of Legal & General Group Plc rose 0.7% to 163.8 pence as the biggest asset manager UK pension dividends per share increased by 20% to 7.65 pence, citing increased demand for pension products, as well as increasing cash flow and earnings.
The cost of Admiral Group Plc rose 4.3% to 1,322 pence after the owner of the site confused.com reported an increase in profit before tax for the previous year by 15% to 345 million pounds, compared with forecasts for the level of 331.7 million .
Shares of Sacyr (SYV) fell 3.5% to 1.65 euros after Goldman Sachs Group said it sold 2.79% stake in the Spanish builder to 1.64 euros per share. Note that the bank acquired the shares from the Austral BV before reselling them to investors.
To date:
FTSE 100 6,441.73 +9.78 +0.15%
CAC 40 3,793.66 +6.47 +0.17%
DAX 7,939.48 +69.17 +0.88%
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