European Stocks Mixed as Investors Digest Fresh Batch of Corporate Earnings from BAT to Heineken

European stocks were mixed on Wednesday as investors digested a fresh batch of corporate earnings. British American Tobacco was down in London after the maker of Lucky Strike and Pall Mall cigarettes posted a 0.6% decline in revenue for the nine months through Sept. 30 and a 1% slump in cigarette shipments. In Amsterdam, Heineken NV fell 1.62% to €57.22 ($72.62) after posting a 0.2% increase in third-quarter revenue, well below expectations, as declines in western Europe as well as central and Eastern Europe outpaced gains in other regions. In Amsterdam, Heineken was also down after posting third-quarter revenue well below expectations, as a slump across Europe outpaced gains in other regions. In Frankfurt, investors had a muted reaction to Daimler AG selling its 4% stake in electric-car maker Tesla Motors Inc. despite plans to keep cooperating.