French authorities extended partial curfews in Paris and Lyon for a third night to prevent looting and vandalism. Against that backdrop, the yield on the French 10-year bond crossed the 5% threshold to reach 5.08%, a 24-year record, and the spread over the German bond hit its highest level since 2011. The unrest left at least 3,000 businesses affected and more than 2,500 people detained.
Ardagh Metal Packaging S.A. reported third-quarter 2026 revenue of US$1.694 billion, up 19% year over year, and adjusted EBITDA of US$213 million, up 2% year over year. Beverage can shipments rose 2%, with Europe up 6% and the Americas down 1%. The company presented the figures as a mid-cycle update with stable demand.
Old Republic International Corporation presented its third-quarter 2026 results, reporting segment trends, higher investment income and a US$124.9 million bargain purchase gain stemming from the acquisition of ECM Insurance Group on July 1. The information is based on the company's original press release, distributed by PR Newswire.
Elanco Animal Health appointed Jamie Preston as executive vice president and chief people officer, effective November 3. Preston succeeds Dave Kinard, who plans to retire at the end of the year. The announcement was released in a company press release distributed by PR Newswire.
Allegion reported revenue of $1,172.6 million in the third quarter of 2026, up 9.6%, with organic growth of 7.2%. Net income was $220.9 million and diluted earnings per share were $2.59, versus $2.18 a year earlier. Adjusted diluted earnings per share rose 13.0% to $2.60. The company raised its full-year outlook and ended the quarter with $388.1 million in cash.
Honeywell International reported sales of $4.994 billion in the third quarter of 2026, up 1% reported and 7% organically, with operating profit of $740 million, up 79%. Net income was $676 million, compared with $1.859 billion a year earlier, while net income from continuing operations reached $779 million. The company raised its full-year outlook for organic sales growth, adjusted earnings per share and free cash flow.
Lockheed Martin announced a framework with the Department of War for multi-year production and sustainment of the F-35: 850 U.S. aircraft over 10 years, plus spare parts and modifications, keeping 156 aircraft per year. The plan is subject to multi-year authorization and budget appropriations before contracts are formalized.
PG&E Corporation reported third-quarter 2026 GAAP EPS of $0.34 and non-GAAP core EPS of $0.41, versus $0.37 and $0.50 a year earlier. The company reaffirmed its 2026 EPS guidance of $1.64–$1.66 and $1.78–$1.82 for 2027. The update reaffirms multi-year EPS targets, while quarterly EPS declined year over year.
The European Commission selected 77 projects in 23 countries of the European Economic Area that will receive €3.4 billion from the Innovation Fund, financed by revenues from the EU emissions trading system. According to the source, they could avoid around 290 million tonnes of GHG emissions in their first ten years. Among those chosen are two with Basque participation: H2SITE UP TEMPO, coordinated by H2SITE, on palladium membranes for high-purity hydrogen, and LATEM, coordinated by Lithium Iberia with Sidenor, for a European lithium and battery materials value chain.
The Banco de la República's Regional Economic Pulse report estimates that Colombia's economy grew close to zero in the third quarter of 2026, after 3.5% in the second quarter, due to activity declines in five of the seven regions. The Southwest and the Central Coffee region posted the sharpest deteriorations due to the earthquake, high temperatures and wildfires. Housing, agriculture and financial services were the weakest sectors; Bogotá and the Northeast remained in positive territory.
Spain is moving forward on industrial decarbonization with four projects: Volkswagen's battery plant in Sagunto, with 10 billion euros committed and a first phase of 20 GWh expected in December; the Stellantis and CATL gigafactory in Figueruelas (Zaragoza), with 4.1 billion euros of investment; Moeve and Apical's 2G biofuel plant in Palos de la Frontera (Huelva), worth 1.2 billion; and the first phase of the Andalusian Green Hydrogen Valley, with 300 MW of electrolysis.
Metrovacesa closed the first nine months of 2026 with revenue of 465 million euros, 75% more than a year earlier. The developer will propose a one-euro-per-share dividend to the Extraordinary General Meeting on November 24, with payment expected around December 23 and a payout of about 152 million euros. Added to the 0.90 euros per share distributed in May, total shareholder remuneration for 2026 would reach 1.90 euros per share, with a dividend yield above 20% according to the company's calculations.
SoftBank's market value has halved from its all-time highs in June. The Japanese conglomerate's capitalization has fallen below 25 trillion yen (about 140 billion euros) and its shares plunged almost 7% on Thursday. Investor fears over the sustainability of the AI ecosystem and rising financing costs are hitting the group, whose five-year CDS are at four-year highs, implying a default risk above 20%.
MARF, BME's fixed-income market in Spain, admitted four euro-denominated bond issues from Swiss issuers totaling €3.6 billion under a new service that allows bonds listed on SIX Swiss Exchange to also be available on that market at the initiative of the market operator. The first issuers are UBS Group (€2 billion), Swiss Life Finance (€600 million), Galderma Finance Europe (€500 million) and SIX Finance (€500 million). The admission is based on MARF's Circular 3/2026, in force since July 2026.
Bankinter shares are down 4% at the start of the session after the bank reported third-quarter 2026 figures. Net interest income reached 601.74 million euros (+6.32% year on year), net fees 210.32 million (+7.07%) and net profit 295.41 million (+9.49%), although fees and profit came in below consensus. The market fears that rate hikes could affect growth in new credit production.
Metrovacesa and Atresmedia will pay dividends in December, as both reported to the CNMV. Metrovacesa will propose a one-euro-per-share dividend, about 152 million euros, to its November 24 shareholders meeting, with payment around December 23. Atresmedia will take an interim dividend of 0.83 euros per share to its November 18 meeting, of which 0.67 comes from the sale of Fever Labs. Neither payment is yet listed on BME's calendar.
JP Morgan Asset Management estimates in its 'Long Term Capital Markets Assumptions 2027' report a 7% annual return for a 60/40 dollar portfolio of equities and fixed income over 10-15 years, 60 basis points above its previous forecasts. The figure rises to 7.5% if 30% is allocated to diversified alternatives. The manager highlights the role of hedge funds and real assets, and expects the artificial intelligence investment boom to boost productivity.
The Ibex 35 drops 1.6% to 19,006 points and European stocks fall sharply, with Bankinter down more than 4% after reporting results and dragging the sector lower. The session is marked by global alarm over two critical vulnerabilities in PHP, known as 'PHP2Shell', which could allow remote execution of malicious code. Google, OpenAI, Amazon and Cloudflare are working to identify affected systems, while the PHP team has already released security patches.
The CNMV and the ICAC published on October 20, 2026, their third joint statement to guide Spanish companies in preparing their sustainability information amid the lack of transposition of the CSRD Directive and the amendment introduced by the Omnibus I Reform. The text updates recommendations for fiscal year 2026 and confirms that companies will coexist with Law 11/2018, still in force, and a simplified European framework pending transposition.
Spot Bitcoin ETFs in the U.S. recorded net inflows of $528 million on Wednesday, according to SoSoValue, bringing their three-session total to $1.08 billion after $23 million on Tuesday and $526.6 million on Monday. BlackRock's iShares Bitcoin Trust (IBIT) led with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with about $213 million, according to Farside Investors. Bitcoin hit an intraday high of $84,777 before pulling back to $82,485. October inflows stand at roughly $461 million.
