By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- Here are some of the companies whose
shares made notable moves in European trading on Tuesday.
Air France-KLM SA: Shares took at 3.3% hit as a week-long strike
by pilots resulted in the airline canceling the majority of its
flights on Monday.
Asos PLC: The online fashion retailer's shares dropped 8.9%
after the company said 2015 profit would be hurt in part by lower
selling prices.
Ladbrokes PLC: The bookmaker's stock bounced up 3.4% and shares
of rival Paddy Power PLC gained 2.1% after ratings upgrades at
Citigroup. Bookmakers Ladbrokes was raised to neutral from sell and
Paddy Power was lifted to buy from neutral.
Orange SA: Investors pulled shares down 1.4% in the wake of the
French telecom company's EUR3.33 billion ($4.31 billion) buyout
offer for Spanish broadband and mobile phone operatorJazztel PLC.
Jazztel shares climbed 6.1%.
Pearson PLC: The publisher's shares are "worth owning again,"
said Morgan Stanley as it upgraded the company to overweight from
equal-weight. The shares closed up 1.7%. Restructuring at the firm
appears to be complete and per-share earnings could grow 15% to 20%
in 2015, the broker said.
Thomas Cook Group shares fell 6.2%. Bookings in Germany at the
travel services company have recently moderated due to angst over
geopolitical events and a more subdued economic outlook stemming
from further European Union sanctions against Russia, a major
trading partner for Germany.
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