11:56 AM EDT, 08/27/2025 (MT Newswires) -- European stock markets closed mixed in Wednesday trading as The Stoxx Europe 600 rose 0.12%, Germany's DAX was down 0.42%, the FTSE 100 edged 0.09% lower, France's CAC was up 0.48%, and the Swiss Market Index gained 0.45%.

The EU is planning to expedite legislation that will eliminate tariffs on US industrial goods, according to Bloomberg, which cited people familiar with the matter. The move is in response to a warning by the US that it would not lower tariffs on EU automobile exports unless the tariffs were removed. The European Commission will also give preferential tariff rates on certain seafood and agricultural goods, Bloomberg reported.

In Germany, consumer sentiment declined for the third straight month in August, with income and economic expectations decreasing as the GfK Consumer Climate index fell 1.9 points to -23.6. Analysts were expecting a reading of -21.5, according to Bloomberg. The market research firm said it expects the index to continue to slide in September.

And in corporate news, Ukrainian building materials company Kovalska warned that CRH has been given too much control over the country's cement supply, the Financial Times reported Wednesday. The warning comes as construction materials are expected to be in high demand for the rebuilding Ukraine's infrastructure that has been destroyed in its war with Russia.

CRH did not immediately respond to a request for comment from MT Newswires.

Shares of CRH were down 0.3% in Dublin.

Rio Tinto said Wednesday it is launching a new operating model along with a reshuffling of its executive team. The mining company said it will reorganize its structure into three businesses: iron ore, aluminum, and lithium, and copper.

Rio Tinto named Matthew Holcz as chief executive of iron ore and Jerome Pecresse as chief executive of aluminum and lithium, while Katie Jackson will become chief executive of copper.

Shares of Rio Tinto edged 0.2% lower in London trading.

Ericsson said Wednesday that Stella Medlicott will step down from her roles as chief marketing and communications officer and head of corporate relations. Medlicott will leave Ericsson on March 31, following a stint of more than 11 years, to "pursue other opportunities."

Shares of the Swedish telecommunications company edged 0.2% lower in Stockholm.

Inspired Entertainment said Wednesday it agreed to sell its UK holiday parks business and certain associated leisure assets to Genda for about 18.6 million British pounds ($25 million) in cash.

Shares of Inspired Entertainment were up 2.1% on the Frankfurt Stock Exchange.