By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Here are some of the companies whose
shares made notable moves in European trading on Wednesday.
Gainers
Air France-KLM SA put on 3.6% after the French prime minister,
Manuel Valls, called for an end to the strike by Air France
pilots.
Shares of ICAP PLC jumped 4.8% after UBS lifted the markets
broker to neutral from sell.
Shares of pulp and paper company UPM-Kymmene Oyj added 2.6%
following an upgrade from Credit Suisse to neutral from
underperform.
Ebro Foods SA climbed 2.3% after UBS lifted the Spanish food
company to buy from neutral.
Decliners
Shares of Cie. Financière Richemont SA slumped 4.1% after the
luxury-goods company, which owns Cartier and watch brands such as
IWC and Jaeger-LeCoultre, reported sales growth below analysts'
estimates.
Daily Mail & General Trust PLC slid 6.7%. The media company
said adjusted operating profit in one of its divisions will be hit
by further delays with its new risk-management software.
Industria de Diseno Textil SA , also known as Inditex and the
owner of the Zara brand, reported a drop in profit, pressured by
political and economic turmoil in some of the company's high-growth
markets. Shares dropped 2.1%.
Smiths Group PLC topped the losers list in London with a 6%
drop, after the medical-device and airport-scanner maker posted a
fall in full-year revenue and profit, dragged by a weak performance
at its detection business.
Nestlé SA (NSRGY) slipped 0.7% after Société Générale cut the
food producer to hold from buy.
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