The British FTSE 100 grew 0.11%, German DAX 30 was down by 0.04%, French CAC 40 increased by 0.05% to 4918,66 item.
MOSCOW, 3 Nov. Major stock indexes in Europe at the opening of trading on Tuesday mainly due to growing accountability of local companies, Standard Chartered data constrain the growth, according to AFP.
As at 12.11 GMT, the British FTSE 100 grew 0.11% to 6368,64 points, the German DAX 30 declined by 0.04% to 10946,55 points, French CAC 40 increased by 0.05% to 4918,66 item.
Net profit of German automaker Bayerische Motoren Werke AG (BMW) in the first nine months of this year increased by 6.8% compared with the same period of 2014, amounting to 4,844 billion euros. Revenues increased by 16.4% to 67,197 billion euros. In the third quarter, the company increased its net profit by 20.5% compared with the previous year, to € 1,579 billion. The automotive giant revenue increased by 14% and reached 22,345 billion euros.
Profit the largest Swiss Bank UBS AG in the first nine months of 2015 increased 1.99 times compared with the same period of the previous year and amounted to RUB 5,437 billion Swiss francs (5,5 billion dollars). Net profit for the third quarter of 2015 amounted to 2,083 billion francs (2,11 billion), which is 2.7 times higher than the figure for the same period in 2014.
Holding back European stocks from higher growth in reporting banking group Standard Chartered. In the first nine months of 2015, it has reduced profit by 11.6% to 12,177 billion. Profit before taxes amounted to $ 1,685 billion dollars, a decrease of 2.85 times. In the third quarter, the company made a profit of 3,682 billion, which is 18.4% less than in the same period last year. Loss before taxes was $ 139 million against a profit of $ 1.53 billion a year earlier.
Standard Chartered CEO bill winters (Bill Winters) explained the weak financial performance by lower commodity prices, the slowdown in China’s economic growth, reduced client activity and challenging market conditions. Along with this, the Bank announced the issue of new shares in order to receive 5.1 billion dollars, and also about the upcoming strategy review of its work. So, the Bank intends to restructure some of its divisions.
