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STOCKS NEWS EUROPE- Deutsche Post up after quarterly profit beat

Reuters - UK Focus

Shares in Deutsche Post (LSE: 0H3Q.L - news) rise 1.9 percent to the top of Germany's blue-chip Dax index and their highest level since May 2007 after the world's No. 1 postal and logistics group reports stronger-than-expected operating and net profit in the third quarter.

Foreign exchange effects caused a drop in revenue in the quarter but operating and net profit are up, Equinet analysts point out.

Deutsche Post's confirmation of its full-year guidance, which it had increased in August, is also adding to the positive mood around the stock, traders say.

To read more about Deutsche Post's results, please click

Reuters messaging rm://jonathan.gould.thomsonreuters.com@reuters.net

Reuters messaging rm://daniela.pegna.thomsonreuters.com@reuters.net