NWG Natwest Group Plc

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- Here are some of the companies whose shares made notable moves in European trade on Thursday.

Gainers

Shares of Royal Bank of Scotland Group (RBS) added 1.1% after the bank said it would relocate its holding company to England in case of a "yes" vote for an independent Scotland. A referendum will be held next week.

Lloyds Banking Group (LYG) also said it would move headquarters to England if the union is broken, sending the shares 1.2% higher.

Air France-KLM put on 1.9% after the airline detailed a plan for cutting costs to increase yearly earnings by up to 10% through 2017.

Decliners

Shares of Sanofi (SNY) lost 0.5% after Berenberg cut the French drug maker to hold from buy.

Ashmore Group slumped 5.2% after the investment manager reported a drop in full-year earnings.

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