Caribbean Markets Index Value   Change +-% USD EURO GBP CAD
Bahamas BISX All Share Index1,827.47-0.02 0.00% 1.00 1.26 1.53 1.53
Barbados BSE 1000 Index656.560.00 0.00 1.98 2.13 2.82 1.37
Jamaica JSE Market Index156,273.84-4,573.60 -2.84% 120.31 112.32 172.13 80.51
Trinidad TTSE Composite1,164.821.15 0.10% 6.40 6.90 8.96 4.45


Caribbean Market Update

Bilfinger Orders Drops, TUI Declines on weak Sales and Bookings

Author: Sarla Buch
Islandjournal.net
Last Update: 7:14 AM ET May 15 2017


4:00 PM Frankfurt Bilfinger fell on weak demand in the energy and utility sectors. Dignity Plc net and revenues soared on higher number of deaths. Deutsche Pfandbriefbank net jumped 4%. Indus Holding profit revenues surged. The tour operator TUI declined on weak sales and bookings in the U.K.

In London trading, FTSE 100 index rose 20.11 or 0.3% to 7,455.94 and in Frankfurt the DAX index increased 19.31 or 0.2% to 12,790.15.

In Paris, CAC 40 index edged up 0.23 to 5,405.75.

Bilfinger SE slipped 0.9% to 38.71 after Germany-based industrial services provider reported revenues in the first-quarter ending in March declined 8% from a year ago to 961 million.

Net loss in the quarter narrowed from a year ago to 55 million from 80 million and diluted earnings per share rose to 1.24 from 1.81.

The Bilfinger said orders dropped 4% after demand in the energy and utility sectors remained restrained.

Dignity Plc jumped 3.2% to 2,612 pence after the U.K.-based funeral related services provider said revenues in the first-quarter ending in March soared 15% from a year ago to 93.3 million.

Dignity said operating profit in the quarter surged 20% to 37.4 million from 31.1 million in the same period a year ago.

However, the funeral services provider said number of deaths in the quarter increased 7% 167,000 from 156,000.

Deutsche Pfandbriefbank AG slid 0.2% to 12.52 after Germany-based financial services provider said net interest income in the first-quarter ending in March grew 1% from a year ago to 103 million.

Net income in the quarter jumped 4% from a year ago to 38 million from 34 million and diluted earnings per share rose to 0.28 from 0.25.

General and administrative expenses rose to 50 million from 45 million in a year ago period and new loan loss provisions of 2 million were recognized during the period under review.

Indus Holding AG fell 0.3% to 63.10 after Germany-based engineering products maker stated net sales in the first-quarter ending in March jumped 14.5% from a year ago to 381 million.


  1