By Investors Hub
European stocks have turned mixed on Wednesday as rallying oil prices have helped lift energy stocks and investors remained hopeful that the Iran nuclear deal will remain partially intact, even without the United States.
While the U.K.?s FTSE 100 Index is up by 0.5 percent, the German DAX Index is just below the unchanged line and the French CAC 40 Index is down by 0.1 percent.
Dialog Semiconductor has soared after its underlying net income for the first quarter rose 19 percent from last year. Siemens has also jumped after lifting its full-year profit guidance.
Vodafone Group has rallied on news the telecommunications conglomerate has entered into a definitive agreement to buy operations in four European countries from John Malone’s Liberty Global.
Provident Financial has also moved sharply higher. The sub-prime lender said that each of the group’s three businesses has started 2018 with positive momentum and the company is on track to deliver results for 2018 in line with internal plans.
Tobacco firm Imperial Brands has advanced after posting half-year results in line with expectations.
Meanwhile, telecommunications firm Deutsche Telekom has moved lower despite posting higher first quarter earnings and raising its outlook for the year.
Consumer goods firm Henkel has also declined. The company’s revenue fell in the first quarter due to negative currency effects and delivery problems in North America.
Eurofins Scientific has dropped after it signed an exclusive agreement to acquire PHAST, one of Europe’s leading service providers in the field of pharmaceutical products quality.
Foodservice company Compass Group has also slumped after its first-half profit declined due to foreign exchange effects.
Adedapo Adesanya