Oil majors rise, airlines fall and banks struggle

8. Oct 2026

(AWP Alliance News) - The following stocks are the leading risers and fallers in Europe's major stock indices on Thursday.

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CAC 40 winners

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Capgemini SE, up 2.5% at EUR113.65

TotalEnergies SE, up 1.5% at EUR76.57, oil price climbs

Publicis Groupe SA, up 1.0% at EUR96.20

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CAC 40 losers

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Stellantis NV, down 3.7% at EUR3.98

STMicroelectronics NV, down 3.5% at EUR48.15

ArcelorMittal SA, down 3.3% at EUR53.76

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DAX 40 winners

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Scout24 SE, up 1.5% at EUR70.15

SAP SE, up 1.0% at EUR189.54

Daimler Truck Holding AG, up 0.8% at EUR41.00

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DAX 40 losers

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Infineon Technologies AG, down 2.8% at EUR59.26

Qiagen NV, down 2.7% at EUR39.70

Hochtief AG, down 2.7% at EUR389.40

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FTSE 100 winners

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Tesco PLC, up 3.9% at 494.20p, reports better-than-expected half-year profit

Pearson PLC, up 2.7% at 1,277.00p

J Sainsbury PLC, up 2.5% at 335.70p, tracks grocery competitor Tesco higher

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FTSE 100 losers

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Standard Life PLC, down 4.4% at 833.25p, Aberdeen Group halves stake

Rolls-Royce Holdings PLC, down 2.7% at 1,367.20p

International Consolidated Airlines Group SA, down 2.5% at 422.00p, hurt by rising oil price

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MIB 40 winners

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Eni Spa, up 1.4% at EUR24.57, tracks oil higher

Lottomatica Group Spa, up 0.6% at EUR24.46

A2A Spa, up 0.5% at EUR2.26

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MIB 40 losers

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STMicroelectronics, down 3.8% at EUR47.99

Stellantis, down 3.7% at EUR3.97

Mediobanca Spa, down 3.6% at EUR24.51

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SMI 20 winners

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Swiss Re AG, up 0.3% at CHF144.20

Logitech International SA, up 0.2% at CHF85.18

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SMI 20 losers

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Compagnie Financiere Richemont SA, down 2.4% at CHF168.55, Jefferies cuts price target to CHF200 from CHF220

Roche Holding AG, down 1.8% at CHF353.40

Holcim Ltd, down 1.8% at CHF62.52

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European stock movers in focus:

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argenx SE, down 18% at EUR684.60 in Brussels, 12-month range EUR568.40-EUR925.00. The pharmaceutical firm sinks as it announces it will discontinue a phase three probe on a Sjogren's disease treatment. "The decision is based on the recommendation from an Independent Data Monitoring Committee to stop the study for futility following an interim analysis. The IDMC concluded that the UNITY study is unable to meet its primary endpoint," it says.

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Tesco, up 3.9% at 494.20p, 12-month range 411.70p-510.40p. It says consumers remained "resilient" as it delivered better-than-expected first half profit supported by growing online sales. The Welwyn Garden City, England-based grocer says pretax profit rose 12% to GBP1.46 billion in the 26 weeks ended August 29 from GBP1.31 billion the year prior. Adjusted operating profit increased 6.5% to GBP1.78 billion from GBP1.67 billion beating Visible Alpha consensus of GBP1.72 billion. For the financial year as a whole, Tesco now expects adjusted operating profit between GBP3.15 billion and GBP3.30 billion, the bottom end of guidance raised from GBP3.00 billion. Reflecting a strong cash flow performance, Tesco increases its share buyback to GBP950 million from GBP750 million.

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UniCredit Spa, down 2.5% at EUR75.80 in Milan, 12-month range EUR57.36-EUR86.42. European banking shares struggle amid a backdrop of falling bond prices. The STOXX Europe 600 banks subindex was 1.9% lower on Thursday morning. "In terms of the last 24 hours, it was clear that European contagion risk was back on the agenda, as there was a sharp widening in the spreads of multiple countries. So that marked a change in the mood relative to the last few days, as the financial market stress had generally been easing since last Friday. While there wasn't a single driver of the renewed sell-off, the investor mood arguably wasn't helped by comments from Bank of France Governor Moulin, who said that while the situation in France's bond market was complicated 'the conditions are not met today for an intervention from the ECB'," analysts at Deutsche Bank commented.

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TotalEnergies, up 1.5% at EUR76.57, 12-month range EUR49.24-EUR81.34. Brent moves north of the USD104 a barrel mark, after reports suggest the US is looking into a resumption of strikes on Iran. The Atlantic reports the White House has asked the Pentagon to look at strike options on Iranian targets. Citing two administration officials, The Atlantic reported strikes could be made ahead of the US midterm elections on November 3. A separate report from Axios says the Pentagon called on Central Command to finalise preparations for a resumption of combat operations in Iran.

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Ryanair Holdings PLC, down 1.5% at EUR23.63 in Dublin, 12-month range EUR21.12-EUR30.15. An oil price hike, on worries surrounding the US-Iran conflict, hit airlines. However, Ryanair Chief Executive Michael O'Leary says Thursday that he did not expect any jet fuel shortages in Europe this winter, and not before summer 2027, even as the Iran war disrupts supply chains. "There is no question, I think, over availability of jet fuel in Europe this winter, or frankly into next summer either, unless there's some unforeseen event," O'Leary says at a press conference by the A4E association of European airlines.

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Euronext NV, down 0.7% at EUR161.50 in Paris, 12-month range EUR110.00-EUR166.20. Bloomberg reports that the Italian government is mulling buying back MTS, a bond trading platform owned by Euronext. Cassa Depositi e Prestiti Spa will be the vehicle buying the unit, according to people familiar with discussions, Bloomberg says. The Italian government would buy back Euronext's 63% stake. The remainder is held by other investors. The move would look to "preserve national oversight of the country's debt", Bloomberg says, though cost could be a stumbling block. Citing its sources, Bloomberg reports Euronext's stake is valued at around EUR600 million.

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By Eric Cunha, Alliance News news editor

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