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European Equities Close Lower in Thursday Trading; UK Monthly GDP Stagnates

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Last updated: 11/13/2025 12:12:35

12:12 PM EST, 11/13/2025 (MT Newswires) -- The European stock markets closed lower in Thursday trading as the Stoxx Europe was off 0.59%, Germany's DAX was down 1.39%, the FTSE 100 fell 1.05%, France's CAC declined 0.11%, and the Swiss Market Index dropped 0.41%.

In the UK, the estimated monthly gross domestic product declined 0.1% in September, after registering no growth in August, according to the Office for National Statistics. Production fell by 2.0%, while services and construction grew 0.2% each.

On a quarterly basis, real gross domestic product grew an estimated 0.1% in Q3, compared with 0.3% growth in Q2. Compared with a year earlier, GDP grew an estimated 1.3%.

Seasonally adjusted industrial production increased 0.2% in the euro area and 0.8% in the EU in September, compared with August, according to preliminary estimates from Eurostat, the statistical office of the European Union. Compared with a year earlier, industrial production increased 1.2% in the euro area and 2.0% in the EU.

And in corporate news, Novo Nordisk and Eli Lilly have entered into a partnership with Mangoceuticals to launch two integrated programs that provide direct access to the companies' GLP-1 medications, Mangoceuticals said Thursday. MangoRx Direct and PeachesRx Direct will provide access to Lilly's Zepbound and Novo Nordisk's Wegovy, respectively, Mangoceuticals said.

Shares of Novo Nordisk were off 0.75% in Copenhagen

BP is in active talks with Stonepeak over the sale of its Castrol lubricants unit, Reuters reported Wednesday, citing two sources familiar with the matter. Castrol's sale process started earlier this year and Reuters said it will help BP meet its $20 billion divestment goal. One of the sources told Reuters that Stonepeak and One Rock submitted bids for Castrol in September.

Financial details were not disclosed. BP and Stonepeak did not immediately respond to MT Newswires' requests for comments.

Shares of BP dropped 1.7% on the FTSE 100.

TotalEnergies is considering selling some of its renewable energy assets in Asia in a move to cut its debt, Bloomberg News reported Wednesday, citing people familiar with the matter. The French oil and gas company has hired an adviser and is sounding out interest from potential suitors for the assets, the unnamed sources told the news outlet, adding that the assets could be worth "several hundred million dollars."

TotalEnergies didn't immediately respond to MT Newswires' request for comment.

Shares of the company were up 1.6% in Paris.

Spanish construction, engineering, and infrastructure company ACS is nearing a 23 billion-euro ($26.8 billion) partnership with BlackRock's Global Infrastructure Partners to develop data centers, Reuters reported Thursday, citing newspaper Expansion. Global Infrastructure Partners would acquire a 50% stake in ACS' Digital & Energy unit, with the deal comprising 5 billion euros in equity and 18 billion euros in debt, according to the report.

ACS, BlackRock, Global Infrastructure Partners did not immediately respond to MT Newswires' request for comment.

Shares of ACS dropped 1.3% in Madrid.

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