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European Equities Close Out Week Flat in Friday Trading; UK Growth Stagnant in July
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European Equities Close Out Week Flat in Friday Trading; UK Growth Stagnant in July
Sep 12, 2025 9:45 AM

12:16 PM EDT, 09/12/2025 (MT Newswires) -- The European stock markets closed little changed in Friday trading as The Stoxx Europe 600 was off 0.09%, Germany's DAX declined 0.02%, the FTSE 100 was down 0.15%, France's CAC gained 0.02%, and the Swiss Market Index fell 0.80%.

In the UK, the real gross domestic product was stagnant in July, after rising 0.4% in June, according to the Office for National Statistics. Analysts were expecting no growth, according to Bloomberg.

In Germany, the consumer price index was 2.2% in August compared with a year earlier, according to the Federal Statistical Office. "The inflation rate has increased slightly for the first time this year," Ruth Brand, President of the Federal Statistical Office, said in a statement."

In France, inflation rose 0.4% in August from July, according to the National Institute of Statistics and Economic Studies, which attributed the increase mainly to a rebound in manufactured products prices. Compared with a year earlier, inflation was up 0.9%.

And in corporate news, Banco Sabadell said Friday its board unanimously recommended that its shareholders reject Banco Bilbao Vizcaya Argentaria's hostile takeover bid as it "significantly undervalues" the company. The board said it "has full confidence in Banco Sabadell's growth strategy."

Shares of Banco Sabadell were up 0.36% in Madrid, while Bilbao Vizcaya Argentaria shares declined 0.63%.

Stellantis Chief Executive Antonio Filosa said Thursday the US tariff environment is "getting clearer" though not fully defined, and that the company is "ready to act." Speaking in a fireside talk during the Kepler Cheuvreux Autumn Conference, Filosa said Stellantis is engaged in a "very productive exchange of ideas" with President Donald Trump's administration to "create the final scenario." He said the company's most urgent objective is to "turn the corner on cash generation" and grow the revenue line.

Shares of the European automaker fell 2.3% in Paris.

Alphabet's Google Cloud has won a 400 million British-pound ($541.6 million) contract to provide a secure cloud platform for the UK Ministry of Defense, according to separate statements Friday. Google Cloud will hire a team in the UK to manage the technology, according to the statements. The ministry said that the deal will strengthen secure communication links between the UK and the US ahead of President Donald Trump's second state visit to the UK.

Eni said Friday that its chief executive officer, Claudio Descalzi, met with US energy and interior secretaries to review the company's activities with American partners and discuss global energy scenarios. Descalzi hosted US Secretary of Energy Chris Wright, US Secretary of Interior Doug Burgum and US Ambassador to Italy Tilman Fertitta, the company said.

Shares of the Italian oil and gas company were off 0.23% in Milan

Ryanair Chief Executive Michael O'Leary said he was prepared to reduce another 1 million seats from flights to Spain next summer in an aggravating dispute with the country's airports operator over higher passenger taxes, the Financial Times reported Thursday. O'Leary told FT that he is likely to announce the additional cutback in Madrid in two weeks' time, adding that the airline is better off flying elsewhere if the costs in regional Spain are too high.

Shares of the Irish airline operator were down 1.1% in Dublin.

Abivax said Friday that the Euronext Paris exchange has decided to include the French biotech firm in the CAC Mid 60 and SBF 120 indices. The addition is effective after the end of trading Sept. 19.

Abivax shares lost 2.75% in Paris.

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