The pan-European STOXX 600 was off 0.32 percent in early trade, while most sectors traded in the red. All major bourses were marginally lower.
Tele2 was Europe’s top performer in early trade, soaring over 5 percent after the open on news that the operator has raised its guidance after third-quarter profit beat expectations.
Builders’ merchant Travis Perkins also rose on earnings, ticking 3.6 percent higher, after the group posted a rise in third-quarter sales. Carrefour and Pernod Ricard both climbed 2.5 percent or more, after both French firms published positive earnings reports.
However, not every company was celebrating when it came to earnings. Unilever reported a slowdown in third-quarter revenue, placing blame on natural disasters and poor weather in Europe for slowing growth. Shares slipped over 3 percent, falling to the bottom of the household goods sector, which fell almost 1 percent.
Meanwhile, advertiser Publicis tumbled 3 percent in early trade after the group published third-quarter sales which missed analyst forecasts.
The STOXX 600’s worst performing stock in morning deals however was London-listed IWG, after the group issued a trading update which stated that group operating profit for the year was now expected to be “materially below market expectations.” Shares tanked 33 percent.
Kion Group also issued a profit warning Thursday, causing it to sink almost 9 percent.