Philips shares surge 12% amid 'clear step up in sales'; European stocks close down

February 10, 2026

TL;DR

European stocks closed lower on Tuesday amidst numerous corporate earnings reports.
Philips reported a return to profit and comparable order intake growth of 6%, with shares rising 12.2%.
BP shares fell 6.3% after suspending its share buyback and reporting weaker-than-expected net profit.
Kering's shares rose 10.1% after sales beat expectations and the company anticipated a return to growth in 2026.
Other luxury stocks such as Burberry, Hermes, and LVMH also saw gains.
The political situation in the U.K., concerning Prime Minister Keir Starmer, was also a point of monitoring for investors.
U.S. stock futures were broadly lower, while Asian stocks rallied, with Japan's Nikkei 225 reaching a fresh all-time high.

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