European stocks inch up after mixed earnings

Published on 10/16/2025 at 03:29 am EDT - Modified on 10/16/2025 at 03:30 am EDT
(Reuters) - European stocks inched up on Thursday as investors digested mixed corporate results following a rocky few sessions marked by concerns about tariffs and still a largely positive start to the earnings season.
The pan-European STOXX 600 index was up 0.06% by 0718 GMT, with the travel and leisure sector offsetting gains in food and beverage stocks.
Nestle climbed 7.59% after the world's largest packaged food company reported better-than-expected sales growth and new CEO Philipp Navratil announced job cuts of 16,000.
French spirits maker Pernod Ricard dipped 0.77% after it reported a well-flagged 7.6% fall in first quarter sales, due to weak consumer demand and destocking in China and the United States.
In the UK,Whitbreaddropped 7.1% after the hotel and restaurant operator posted a 7% drop in half-year profit due to lower food and beverage sales.
Franco-German lab supplies makerSartoriusand its French unitSartorius Stedim Biotechjumped 9.3% and 11.3%, respectively, after the companies issued quarterly results and forecasts.
 (Reporting by Sruthi Shankar in Bengaluru; Editing by Mrigank Dhaniwala) 

Sumber : Reuters