By Sara Sjolin, MarketWatch
LONDON (MarketWatch) — Here are some companies whose shares are making notable moves in European trade on Monday.
Altice SA dropped 1.2% after the Dutch telecom firm made an offer to buy Portugal Telecom from its Brazilian owner, Oi SA /zigman2/quotes/201804219/delayed BR:OIBR4 -1.23% . The offer values the company at 7.03 billion euro ($8.8 billion).
HSBC Holdings PLC /zigman2/quotes/203901799/delayed UK:HSBA +0.01% /zigman2/quotes/208272822/composite HSBC +0.07% /zigman2/quotes/202687335/delayed HK:5 0.00% lost 1.8% after setting aside around $1.7 billion to cover one-off charges, such as legal settlements and compensation to customers.
Royal Bank of Scotland Group PLC saw its shares drop 2% after a research group at Investec cut the bank to sell from hold.
Holcim Ltd. /zigman2/quotes/200284171/delayed CH:HOLN +0.27% and Lafarge SA dropped 2.6% and 3%, respectively, after HeidelbergCement AG /zigman2/quotes/202418791/delayed DE:HEI +0.19% said it won’t pursue a bid for assets of the two companies. Holcim and Lafarge are in the process of selling some of their assets to get regulatory approval for a planned merger.
Ryanair Holdings PLC jumped 7.7% after the budget airliner posted a rise in net profit and lifted its full-year profit guidance. Peer carrier easyJet PLC /zigman2/quotes/202825892/delayed UK:EZJ -0.53% gained 2.7%, while Air France-KLM SA /zigman2/quotes/205396176/delayed FR:AF -2.05% picked up 3.5%.
Also read: European stocks pull back
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