By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- Here are companies whose shares made notable moves in European trade on Wednesday:

Decliners

Carlsberg AS slid 3.6% after the Danish brewer warned that problems in Russia and Ukraine will have a bigger impact on full-year earnings than previously expected.

Balfour Beatty PLC: Shares tumbled 6.7% after the U.K. construction firm rejected a sweetened merger offer from Carillion PLC . Carillion shares lost 2%.

Luxottica Group SpA dropped 3.6% after Kepler Cheuvreux downgraded the Italian eyewear company to hold from buy.

Gainers

Heineken NV (HINKY) shares rallied 8.3% after the Dutch brewer said it expects organic revenue and profit to keep growing in the second half of the year, albeit at a slower pace than in the first six months.

Royal Vopak NV surged to the top of the Stoxx Europe 600 index, up 13.5%, after the tank-storage provider reported better-than-expected second-quarter earnings.

Sydbank AS jumped 8.7% after the Danish lender said it expects core income to increase this year and sees loan losses to be lower than expected.

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