By Carla Mozee, MarketWatch
LONDON (MarketWatch)--Here are some of the companies whose
shares made notable moves in European trade Friday.
BP PLC: The British energy-sector heavyweight (BP) rose 2.6%,
cutting into a 5.9% decline Thursday after U.S. federal judge found
the company grossly negligent in the 2010 Deepwater Horizon
disaster. BP said late Thursday it will appeal the decision, and
Citigroup raised its rating on the shares to buy following
Thursday's share-price drop.
GDF Suez: The French power utility gained 2.1% after being added
to Morgan Stanley's list of top stock picks. The brokerage said it
expects the company to deliver better earnings growth than most of
its peers.
Julius Baer Gruppe AG: Shares picked up 2.6% after the
Zurich-based bank was upgraded to a buy rating from neutral at UBS,
which cited an expected expansion in a valuation multiple as the
reason.
London Stock Exchange PLC: Shares in the exchange operator fell
2.2% as Borse Dubai sold 8.5 million shares, or a 3.1% stake,
according to news reports.
Neopost SA: The mailroom-equipment maker late Thursday posted
higher second-quarter sales as it logged "significant improvement
in growth" at its two divisions, and it reiterated its full-year
view. The company also sold $90 million in new debt to a single
investor. Shares of the French company leapt 7.2%.
The Stoxx Europe 600 fell Friday, with investors moving with
caution after a cease-fire agreement was reached for eastern
Ukraine. But the index finished the week higher by 1.6%.
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