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European Stocks Mixed in Thursday Trading; Sanofi Names Belen Garijo as CEO

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Last updated: 02/12/2026 12:04:56

12:04 PM EST, 02/12/2026 (MT Newswires) -- The European stock markets were mixed in Thursday trading as The Stoxx Europe declined 0.6%, Germany's DAX was down 0.1%, the FTSE 100 was off 0.7%, France's CAC rose 0.3%, and the Swiss Market Index was 0.1% lower.

In the UK, monthly GDP grew 0.1% in December, following 0.2% growth in November 2025, according to the Office for National Statistics. Services grew 0.3%, while production and construction fell 0.9% and 0.5% respectively

The ONS also reported that Q4 real GDP grew by 0.1% compared with Q3.

In corporate news, Sanofi said Thursday it has named Belen Garijo as its next chief executive officer, effective April 29.

Garijo will succeed Paul Hudson, after the board decided not to renew his director mandate, making Feb. 17 his last day as CEO.

The drugmaker said it has appointed Olivier Charmeil, executive vice president of General Medicines and a member of the executive committee, as interim CEO during the transition.

Shares of Sanofi fell more than 3% in Paris.

Deutsche Bank has reached a confidential settlement with former manager Stefano Foresti, who claimed he was wrongfully blamed for the Monte dei Paschi accounting scandal, Bloomberg reported Thursday.

This was the first of six similar cases involving former staffers, the report said.

Deutsche Bank did not immediately respond to MT Newswires' request for comment.

Shares of the German bank were off 0.8% in Frankfurt.

Unilever reported Q4 turnover Thursday of 12.59 billion euros ($14.96 billion), down from 12.94 billion euros a year earlier.

Underlying sales for the quarter grew by 4.2%, the company said.

Unilever said it expects 2026 underlying sales growth to be within its multiyear guidance range of 4% to 6%.

The company also unveiled a new buyback program of up to 1.5 billion euros that is slated to start in Q2.

Shares of the consumer goods giant edged 0.1% higher in London.

Anheuser-Busch InBev reported Q4 underlying earnings Thursday of $0.95 per share, up from $0.88 a year earlier and above FactSet consensus of $0.88.

Revenue for the quarter ended Dec. 31 was $15.56 billion, up from $14.84 billion a year earlier, but below the FactSet estimate of $15.58 billion.

Shares of the brewing company rose 5.5% in Brussels.

British American Tobacco reported preliminary 2025 adjusted earnings Thursday of 352.1 British pence ($4.82) per diluted share, down from 362.5 pence a year earlier.

Analysts polled by FactSet expected 341.16 pence.

Reported revenue for the year ended Dec. 31 was 25.61 billion pounds, down from 25.87 billion pounds a year earlier.

Analysts surveyed by FactSet expected 25.58 billion pounds.

Shares of the tobacco company were down 1% in London.

Eni, Argentine energy company YPF Sociedad Anonima and XRG said Thursday they have signed a binding joint development agreement to develop liquid natural gas in Argentina.

The project will involve Argentina's Vaca Muerta shale basin and is expected to deliver 12 million tons per year of LNG capacity, equally divided between two floating LNG facilities, the companies said.

Shares of Eni were off 0.4% in Milan.

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