4:00 PM Frankfurt Aurubis net swung to profit despite scheduled shut-down. The debt laden online bank Co-Operative Bank is looking for capital injection or a buyer. Ipsen agreed to buy five consumer healthcare products from Sanofi. Peugeot agreed to acquire India-based passenger car brand Ambassador.
In London trading, FTSE 100 index rose 9.36 to 7,268.11 and in Frankfurt the DAX index increased 107.47 or 0.9% to 11,775.88.
In Paris, CAC 40 index jumped 56.88 or 1.2% to 4,885.20.
Aurubis AG advanced 3% to 53.50 after Germany-based copper producer reported revenues in the first-half ending in December jumped 3% from a year ago to 2.5 billion.
Net in the period swung to profit from a year ago to 78.1 million compared to a loss of 24.8 million and diluted earnings per share swung to 1.73 from diluted loss per share of 0.56.
""The result was significantly influenced by a scheduled shut-down in Hamburg,"" the company said.
Co-Operative Bank Plc, the U.K.-based online banking services provider decided to put itself on the block.
The board had decided to begin a process to sell the Bank and also to consider alternative options to build our capital position for the future, chief executive officer Liam Coleman said.
However, the debt-laden bank added this announcement does not affect the products customers hold with us, or the service we provide.
Ipsen SA gained 1.5% 76.38 after France-based pharmaceutical products maker agreed to acquire five consumer healthcare products in the European region for about 83 million cash from therapeutic drugs maker Sanofi SA.
The transaction is expected to close in the second-quarter of 2017.
Peugeot SA jumped 3.2% to 17.94 after France-based vehicles maker agreed to acquire India-based Ambassador brand, including trademark and certain rights for about $12 million or ₹800 million from Hindustan Motors Limited controlled by Birla Group.
STADA Arzneimittel AG surged 14.1% to 56.70 after Germany-based healthcare products maker confirmed that it had received two legally non-binding takeover offers including a bid from Cinven Partners LLP at a takeover price of 56.
Trenitalia, the Italys national railway FS Group said it completed the acquisition of the c2c rail operation for about £72.6 million from National Express between London to Essex Thameside franchisee c2c that is approved by the Department for Transport.