EUROPE MARKETS: Santander Slides; Kingfisher Climbs: Europe's Big Stock Moves

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- Here are some of the companies whose shares are making notable moves in European trade on Wednesday.

Decliners

Banco Santander (SAN) dropped 2% after the banking giant said Chairman Emilio Botín died overnight.

Stora Enso lost 2.8% after Credit Suisse cut the pulp-and-paper maker to underperform from neutral.

Shares of Sports Direct International lost 2% after the retailer said sales in the first quarter were impacted by England's "disappointing" World Cup performance.

Shares of Deutsche Lufthansa gave up 1.1% after its pilots at Munich's airport went on strike, grounding the airline's flights in and out of the city.

Gainers

Kingfisher added 3% after the home-improvement said Chief Executive Ian Cheshire will step down and appointed Véronique Laury, the head of French unit Castorama, as the new CEO.

Fiat SpA climbed 2.1% after the company said Ferrari Chairman Luca Cordero di Montezemolo will resign. Fiat is a majority stakeholder of Ferrari.

Shares of Investment AB Kinnevik put on 0.8% after Rocket Internet, which is partly owned by Kinnevik, announced plans for an initial public offering.

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