By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Here are some companies whose shares
made notable moves in European trade on Tuesday.
Advancers:
A.P. Møller-Maersk AS: The Danish shipping and oil conglomerate
was among biggest advancers in the Stoxx Europe 600 index with a
4.9% advance after raising raised its full-year underlying profit
outlook to $4.5 billion from $4 billion. It plans to kick off a $1
billion share buyback program over the next 12 months. Also read:
Solid Maersk outlook bodes well for U.S., global growth
John Wood Group PLC: The energy-services company rallied 4.9%
after backing its full-year guidance for earnings before interest,
taxes and amortization.
Shares of Imperial Tobacco Group PLC (ITYBY) gained 2.3%. The
U.K. company said it is on course to complete its acquisition of a
pack of U.S. cigarette brands from Reynolds American Inc. (RAI) and
Lorillard Inc. (LO).
AstraZeneca PLC (AZN): Shares of the U.K. drug maker climbed
0.9% after the U.S. Department of Justice dropped an investigation
into Plato, a clinical trial with heart drug Brilinta.
Bayer AG shares added 1.9% after UBS lifted the German chemicals
and pharmaceutical maker to buy from neutral.
Balfour Beatty PLC climbed 3.2% after Carillion PLC sweetened
its merger offer for the U.K. construction firm.
U.K. house builder Persimmon PLC rose 1.1% after posting a 57%
increase in first-half pretax profit as it sold 28% more homes at
higher prices, and reported "encouraging" summer business. The
earnings report comes a day after Rightmove, a company tracking
real-estate prices in the U.K, said asking prices fell by 2.9% in
August.
Decliners
Shares of BHP Billiton PLC (BHP) slid 4.9% after the mining firm
said it will spin off several assets, including its nickel mines
and aluminum smelters, which will be listed on Australia's stock
exchange. The company also reported a 23% rise in annual
profit.
Fiat SpA shares fell 2.9% after Credit Suisse initiated coverage
of the Italian car maker with an underperform rating.
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