Palantir shares slip by 7% despite posting record revenue in third quarter
Investing.com -- The FTSE 100 index closed slightly higher on Tuesday, as European peers were in the red, while the pound slumped further, and corporate earnings reports included BP and Associated British Foods.
The blue-chip index FTSE 100 gained 0.2% and the British pound dropped 0.7% against the dollar to 1.30.
The DAX index in Germany fell 0.8%, and the CAC 40 in France slipped 0.5%.
U.K. roundup:
- International Workplace Group Plc (LON:IWG) on Tuesday reported third-quarter system-wide revenue of $1.13 billion, up 4% year-over-year but slightly below analyst expectations. The world’s largest hybrid workspace platform saw its shares fall 2.6% following the announcement. IWG’s managed and franchised segment delivered strong performance with system-wide revenue growth of 36% and an 83% increase in recurring management fees compared to the same period last year. However, company-owned revenue of $806 million came in below analyst expectations of $833 million, remaining flat year-over-year. The company continues to expand its global network of flexible workspaces, though the mixed results across business segments contributed to the stock’s decline.
- In other corporate news, BP PLC (LON:BP) reported third-quarter underlying replacement cost net income of $2.21 billion, slightly ahead of analyst expectations of $2.02 billion but down marginally from $2.27 billion a year earlier. The oil major maintained its quarterly share buyback at $750 million and said it expects asset disposals to total about $5 billion this year. BP posted an underlying replacement cost EBIT of $5.33 billion for the quarter, also above the company-compiled consensus of $4.9 billion.
- Associated British Foods PLC (LON:ABF), owner of fashion retailer Primark and brands including Twinings and Ovaltine, reported lower annual profit for the year ended September 13, and announced a review that could lead to separating its retail and food businesses. The group said adjusted operating profit fell 12% to £1.73 billion and adjusted profit before tax declined to £1.70 billion.
- Domino’s Pizza Group PLC reported a 2.1% increase in system sales to £382.7 million for the third quarter of 2025, with like-for-like system sales growing 1.0% despite challenging consumer conditions. The company maintained its full-year underlying EBITDA guidance of £130-140 million. Total orders at Domino’s declined 1.5% during the quarter, with delivery orders dropping 3.4% due to weaker consumer sentiment across the quick-service restaurant sector. However, collection orders increased 1.7%, benefiting from a national collection campaign. The company’s shares fell 1.8% following the announcement.