Corvus Capital Inc. 2007 Report & Accounts
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Interim Results for the six month period ended 31 March 2008.
European close: Bourses extend gains
23 Jul 2008
Europe's leading exchanges closed with stellar gains, helped by a strong financial sector and better than expected quarterly results from a number of carmakers.
rallied after first-half profit rose 49% to €733m. The carmaker also reiterated its sales and operating margin targets for the full year.
Italy's saw quarterly net income advance to a slightly better than expected €604m from €593m last year.
Meanwhile, second-quarter profit at rose 31% to €2.57bn, with revenue up 3% to €56.5bn. Operating profit increased 22% to €3.43bn.
Banks were also doing well, with , , and among the biggest risers in the sector.
Oil continued to fall as concerns over the impact of Hurricane Dolly eased. The storm is not expected to have a large impact on oil and natural gas production in the Gulf of Mexico, where around one quarter of US crude oil is produced.
The German Dax closed up 93 points at 6,563, the French CAC gained 81 points to 4,408, while the Swiss market rose 135 points to 7,058.
In economic news, euro zone new industrial orders fell 3.5% in May compared to the previous month and 4.4% year-on-year, according to EU statistics office Eurostat.
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