By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Here are some of the companies whose
shares are making notable moves in Wednesday's European trading
session.
Decliners
TNT Express NV sank 11% after the Dutch parcel-delivery company
warned that it no longer expects to meet its full-year profit
guidance due to weak trading in Europe.
Shares of AstraZeneca PLC (AZN) lost 1.1%. The drop built on a
3.6% loss from Tuesday, after the pharmaceutical company's merger
prospects were hit by new tax-inversion rules from the U.S.
Treasury Department.
Tesco PLC shares slipped 0.6%, continuing hefty losses after the
supermarket chain on Monday cut its full-year profit view by 250
million pounds ($409 million) on discovering an accounting
error.
Adecco SA dropped 4.1% after the staffing company said the weak
European economy hurt hiring in September.
Gainers
Rio Tinto PLC (RIO) gained 0.9% after Morgan Stanley lifted the
mining giant to overweight from equal weight.
Royal Philips NV rose 2%, building on a 3.5% gain from Tuesday
when the Dutch conglomerate said it will split into two new
companies.
Shares of United Utilities Group PLC picked up 1.5% after the
U.K. utility firm said its current performance is in line with its
expectations for the six months ending Sept. 30.
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