European equity markets moved lower on Thursday as investors reacted to strong earnings from NVIDIA while continuing to monitor diplomatic developments between the United States and Iran.
Iran is currently reviewing a fresh proposal from Washington aimed at resolving the Middle East conflict, while U.S. President Donald Trump said negotiations could either produce an agreement within days or deteriorate into renewed military action.
Germany’s DAX index fell 0.8%, France’s CAC 40 declined 0.6%, and the UK’s FTSE 100 slipped 0.4%.
Mitchells & Butlers Slides on Softer Sales Momentum
Shares in Mitchells & Butlers (LSE:MAB) dropped sharply after the pub and restaurant group reported slowing sales growth alongside flat underlying profit for the first half of the year.
BT Shares Decline Following Revenue Weakness
BT Group (LSE:BT.A) also traded lower after the telecoms group reported weaker revenue for fiscal 2026, reflecting pressure within its international operations.
Bayer Falls Despite FDA Priority Review
German pharmaceutical company Bayer (TG:BAYN) moved lower even after announcing that the U.S. Food and Drug Administration had granted priority review status to its supplemental New Drug Application for Kerendia.
Cedergrenska Drops Despite Strong Quarterly Growth
Swedish education group Cedergrenska also declined sharply despite reporting robust quarterly growth in both revenue and profit margins.
Investec and Swiss Life Advance on Strong Results
Meanwhile, banking and wealth management group Investec (LSE:INVP) rallied after posting a sharp increase in annual profit for its latest fiscal year.
Swiss pensions and insurance provider Swiss Life (TG:SLW) also gained ground following strong first-quarter 2026 financial results.
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