The City of London skyline with 20 Fenchurch Street, affectionately known as Walkie Talkie, goes dark at dusk on November 27, 2025 in London, England.
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European stock markets on Tuesday remained in slightly positive territory amid a flurry of corporate earnings announcements.
By 12:15 p.m. (7:15 a.m. ET) in London, pan-European Stocks 600 Most major exchanges and sectors were mixed, rising 0.1%.
Tuesday is a busy day for corporate results, with some of Europe’s most prominent companies updating investors on their financial standings.
Among them are philipsannounced its full-year 2025 results before the bell on Tuesday morning.
The company recorded a like-for-like order growth rate of 6%, turning from a net loss to a profit in 2024. The company released new guidance for 2026, saying it now expects comparable sales growth to be in the range of 3% to 4.5%.
Net income increased by 1.6 million euros ($1.9 million), which Phillips attributed to higher operating profit, lower income tax liability and lower expenses. Separately, the company announced on Tuesday that it is proposing the reappointment of Chief Executive Officer Roy Jacobs, and that the proposal will be submitted for shareholder approval at the company’s annual general meeting on May 8.
Jacobs told CNBC’s “Squawk Box Europe” on Tuesday that Philips’ results contained “a lot of very good news,” highlighting 7% growth in orders and margin growth despite tariff headwinds.
“It’s a path of incremental improvement,” he said. “We’ve had very strong orders going into 2025, but it’s going to take a little bit of time to actually turn that into sales. That’s built into our guidance, but we’re stepping up from 2% (last year’s sales growth) and say we’ll be from 3% to 4.5% in 2026. That’s a clear increase in sales.”
Phillips stock rose more than 8% in early afternoon trading.
Listed in London blood pressure Shares traded 3.8% lower on Tuesday after the company announced it would suspend share buybacks “to accelerate the strengthening” of its balance sheet. The oil giant’s full-year net profit for 2025 came in at $7.49 billion, lower than expected.
On Tuesday, the French luxury goods giant also announced its financial results. kering. Shares in the Gucci owner soared 13% in early trading and ended up 10.8% after the company said its sales beat expectations and the company said it expects to return to growth in 2026.
Kering stock price
The positive sentiment spilled over into the wider luxury space and brought benefits. burberryup 2.7%, hermeslast seen rising 2% in Italy. brunello cucinelliadded 1.5%.
Shares of French luxury conglomerate LVMH Switzerland reversed morning gains and fell almost 0.1%. Richemont It rose by 1.4%.
Elsewhere, investors will also keep an eye on the political situation in the UK, where Prime Minister Keir Starmer’s position remains at risk. Lawmakers are putting pressure on Starmer to resign following a series of U-turns on Starmer and fresh controversy over Peter Mandelson’s appointment as ambassador to the US, whose links to disgraced financier Jeffrey Epstein have been highlighted.
U.S. stock futures fell across the board overnight after the Dow Jones Industrial Average closed at a record high. Stock prices rose in Asia, and Japan’s Nikkei Stock Average hit a new all-time high.
—CNBC’s Sam Meredith and Elsa Ohlen contributed to this report.
