European stocks rose on Thursday, with the Stoxx 50 rising 0.9% and the Stoxx 600 up 0.6%, led by food and beverage companies. The Stoxx Food & Beverage Index jumped 3.2% after Nestlé announced plans to cut 12,000 white-collar jobs, with an additional 4,000 roles to be eliminated over the next two years. German life sciences company Sartorius rose 9% after reporting a 7.5% rise in revenue and improved profitability for the first nine months of 2025.
Nordea Bank shares rose around 3% to a record high, supported by stronger-than-expected loan income, with mortgage and corporate loans up 6% year-on-year, driven by growth in Sweden and an acquisition in Norway. Whitbread, on the other hand, fell 10% following lower profit and growth figures. In France, investors welcomed political stability as the new government successfully survived a no-confidence vote. (alg)
Source: Trading Economics
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