By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Here are some of the companies whose
shares are making notable moves in Friday's European trading
session.
Decliners
Allianz SE slumped 6.2% and shaved off around 3.9 billion euros
($5 billion) from its market cap after news that "bond king" Bill
Gross is leaving Pimco to join Janus Capital. Allianz bought Pimco
in 2000. Read: It's a tale of two firms: Allianz slides as Gross
exits, Janus jumps
Sports Direct International PLC dropped 2.7%, extending
Thursday's loss of 3.4%. The retailer, under owner Mike Ashley's
direction, made a 43 million pound ($70.1 million) bet via a
put-option that shares of embattled Tesco will rise, it said. Tesco
shares have slumped 17% this week on the back of an accounting
error.
Gainers
U.K. banks advanced and helped lift the FTSE 100 index into
positive territory after sources said British regulators were
closing in on settling a long-running investigation into
foreign-exchange manipulation. Shares of HSBC Holdings PLC (HSBC)
climbed 0.6% and Lloyds Banking Group PLC (LYG) added 0.6%.
Shares of British Land Company PLC gained 2.1% after Société
Générale lifted the real-estate firm to buy from hold.
Royal Philips NV put on 1.6% after Morgan Stanley upgraded the
Dutch conglomerate to overweight from equal weight.
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