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Sept. 18, 2014, 12:26 p.m. EDT

Banks climb after TLTRO, Siemens slips: Europe’s big stock moves

Miners give back ground as gold prices fall

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By Sara Sjolin, MarketWatch

NEW YORK (MarketWatch)—Here are some of the companies whose shares made notable moves in European trading on Thursday.

Gainers

Banks were among major gainers in Europe after the European Central Bank said eurozone banks borrowed 82.6 billion euros ($106.9 billion) in the first round of targeted long-term refinancing operation, also known as TLTRO. The uptake was lower than expected, which some analysts argued was because the banks might wait on TLTRO until after their asset-quality review and stress test results. In addition, economists noted that the weak demand could add more pressure on the ECB to launch a full-scale quantitative-easing program.

Shares of Banco Santander SA /zigman2/quotes/205677933/delayed ES:SAN +0.46%   /zigman2/quotes/202859081/composite SAN +1.63%  rose 1.1%, BNP Paribas SA /zigman2/quotes/206351084/delayed FR:BNP -0.06%  picked up 0.9%, Société Générale SA /zigman2/quotes/206663756/delayed FR:GLE +2.63%  climbed 1.4% and Commerzbank AG /zigman2/quotes/200193353/delayed DE:CBK +2.57%  added 1.3%.

Randstad Holding NV /zigman2/quotes/202421454/delayed NL:RAND +0.91%  jumped 3% after Citigroup lifted the recruitment agency to neutral from sell.

EasyJet PLC /zigman2/quotes/202825892/delayed UK:EZJ +2.41% rose 0.5% after the cut-rate airline said Thursday that it would increase its dividend payout more than 20% and buy 27 more Airbus Group NV /zigman2/quotes/203968255/delayed DE:AIR +0.03%  jets.

Shares of chemicals and drug maker Bayer AG /zigman2/quotes/210533053/delayed DE:BAYN -3.03%  gained 6.2% as investors welcomed news that the company plans to spin off its plastics business to focus entirely on its life-sciences operations.

Tate & Lyle PLC /zigman2/quotes/205109332/delayed UK:TATE +0.48%  put on 3.7% after Exane BNP Paribas raised the sugar maker to neutral from underperform.

Decliners

Siemens AG /zigman2/quotes/200873563/delayed DE:SIE -0.09%  dropped 0.4% after Exane BNP Paribas cut the German industrial conglomerate to neutral from outperform.

Miners were giving back ground in London as gold /zigman2/quotes/210039467/delayed GCZ24 0.00%  and other precious- and base-metal prices fell. In the wake of the Fed, a rising dollar knocked gold back to levels not seen since January. Shares of Fresnillo PLC /zigman2/quotes/201300065/delayed UK:FRES -0.50%  fell 1.9%, Randgold Resources Ltd .  dropped 2.6%, and heavyweight Rio Tinto PLC /zigman2/quotes/208934945/delayed UK:RIO -1.20%   /zigman2/quotes/202627887/composite RIO +0.25%  slipped 0.3%.

/zigman2/quotes/205677933/delayed
ES : Spain: Madrid
1.60
+0.0074 +0.46%
Volume: 60.99M
Sept. 30, 2020 5:38p
P/E Ratio
N/A
Dividend Yield
5.06%
Market Cap
€26.45 billion
Rev. per Employee
€374,762
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/zigman2/quotes/202859081/composite
US : U.S.: NYSE
$ 1.87
+0.03 +1.63%
Volume: 5.11M
Sept. 30, 2020 2:50p
P/E Ratio
N/A
Dividend Yield
4.41%
Market Cap
$31.02 billion
Rev. per Employee
$442,125
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/zigman2/quotes/206351084/delayed
FR : France: Euronext Paris
30.98
-0.02 -0.06%
Volume: 4.42M
Sept. 30, 2020 5:37p
P/E Ratio
5.59
Dividend Yield
0.00%
Market Cap
€38.67 billion
Rev. per Employee
€456,254
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/zigman2/quotes/206663756/delayed
FR : France: Euronext Paris
11.32
+0.29 +2.63%
Volume: 6.87M
Sept. 30, 2020 5:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
€8.65 billion
Rev. per Employee
N/A
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/zigman2/quotes/200193353/delayed
DE : Germany: Frankfurt
4.22
+0.11 +2.57%
Volume: 33,279
Sept. 30, 2020 7:52p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€166,016
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/zigman2/quotes/202421454/delayed
NL : Netherlands: Euronext Amsterdam
44.53
+0.40 +0.91%
Volume: 340,946
Sept. 30, 2020 5:36p
P/E Ratio
28.37
Dividend Yield
0.00%
Market Cap
€8.09 billion
Rev. per Employee
N/A
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/zigman2/quotes/202825892/delayed
UK : U.K.: London
501.60 p
+11.80 +2.41%
Volume: 2.33M
Sept. 30, 2020 4:35p
P/E Ratio
8.25
Dividend Yield
8.75%
Market Cap
£2.23 billion
Rev. per Employee
N/A
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/zigman2/quotes/203968255/delayed
DE : Germany: Frankfurt
62.52
+0.02 +0.03%
Volume: 2,726
Sept. 30, 2020 7:57p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€476,596
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/zigman2/quotes/210533053/delayed
DE : Germany: Frankfurt
51.78
-1.62 -3.03%
Volume: 17,386
Sept. 30, 2020 7:56p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€338,348
loading...
/zigman2/quotes/205109332/delayed
UK : U.K.: London
665.20 p
+3.20 +0.48%
Volume: 701,927
Sept. 30, 2020 4:35p
P/E Ratio
12.69
Dividend Yield
4.45%
Market Cap
£3.07 billion
Rev. per Employee
N/A
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/zigman2/quotes/200873563/delayed
DE : Germany: Frankfurt
108.24
-0.10 -0.09%
Volume: 9,229
Sept. 30, 2020 7:09p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€219,884
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/zigman2/quotes/210039467/delayed
US : U.S.: Nymex
$ 1,983.90
0.00 0.00%
Volume: 0.00
Sept. 29, 2020 5:05p
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/zigman2/quotes/201300065/delayed
UK : U.K.: London
1,197.00 p
-6.00 -0.50%
Volume: 856,154
Sept. 30, 2020 4:35p
P/E Ratio
55.99
Dividend Yield
0.95%
Market Cap
£8.86 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,655.50 p
-56.50 -1.20%
Volume: 2.33M
Sept. 30, 2020 4:35p
P/E Ratio
13.30
Dividend Yield
6.38%
Market Cap
£78.37 billion
Rev. per Employee
N/A
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/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 60.36
+0.15 +0.25%
Volume: 1.62M
Sept. 30, 2020 2:50p
P/E Ratio
13.65
Dividend Yield
6.39%
Market Cap
$100.63 billion
Rev. per Employee
$852,406
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Sara Sjolin is a MarketWatch reporter based in London. Follow her on Twitter @sarasjolin.

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