By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- Here are companies whose shares have made notable moves in European trade on Friday.

Decliners

Shares of London Stock Exchange Group PLC dropped 0.8% after the exchange operator said it plans to raise 938 million pounds ($1.56 billion) to fund the takeover of asset manager Frank Russell Co.

Petrofac Ltd.: Shares of the U.K. oil-services firm lost 1.2% after the company said its chairman, Norman Murray, is stepping down from the board and chairmanship because of illness in his family.

Oil majors were also falling, as oil prices headed south. Shares of Total SA (TOT) gave up 1.1%, ENI SpA erased 1.2% and Royal Dutch Shell PLC (RDSB) fell 0.3%.

Gainers

Hugo Boss AG: Shares of German clothing company climbed 2.7% after Deutsche Bank lifted the company to buy from hold, with the analysts saying the outlook for the second half of the year looks better than for the broader luxury sector.

Essentra PLC gained 2.9% after J.P. Morgan Cazenove lifted the supplier of plastic and fiber products to overweight from neutral.

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