European equity markets traded broadly lower on Thursday as investors digested a varied set of corporate earnings and reacted to reports that the United States military could be ready to launch strikes against Iran as soon as this weekend.
In geopolitical developments, Russia said it had intercepted and destroyed 113 Ukrainian drones overnight, while U.S.-mediated negotiations in Geneva concluded without meaningful progress.
Germany’s DAX fell 1.1%, France’s CAC 40 declined 0.9%, and the U.K.’s FTSE 100 slipped 0.7%.
Airbus (EU:AIR) led losses after the aircraft manufacturer warned that delays in engine deliveries for its A320 program were slowing its planned production ramp-up.
Accor (EU:AC) shares also came under pressure after the hotel operator reaffirmed its medium-term guidance, which failed to excite investors.
In London, CRH (LSE:CRH) moved lower after reporting fourth-quarter results that fell short of market expectations.
On the positive side, French telecom operator Orange (EU:ORA) advanced strongly after posting quarterly core earnings that exceeded forecasts.
Air France-KLM (EU:AF) rallied as the airline group reported a record operating profit exceeding €2 billion for 2025.
Nestle (BIT:1NESN) gained ground following its announcement that it intends to divest its ice cream division.
Shares of Repsol (TG:REP) also climbed after the Spanish energy company increased its 2026 dividend outlook and confirmed it would continue its share buyback program at the current pace.
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