EUROPE MARKETS: Philips Rises, Barclays Falls In European Trade

By Carla Mozee, MarketWatch

LONDON (MarketWatch) -- Here are some of the companies whose shares made notable moves in Tuesday's European trading session.

Gainers

Philips NV climbed 3.4% as the Dutch conglomerate said it will split into two new companies -- a lighting business and a health-care and consumer-lifestyle company.

Yara International: Topping the Stoxx Europe 600 index , the Norwegian chemical company gained 3.9% after saying it's discussing a merger with U.S. fertilizer producer CF Industries (CF).

Decliners

Barclays PLC shares fell 1%. The U.K.'s financial regulator fined the British bank nearly 38 million pounds ($62.2 million) for putting client money at risk. Barclays said, according to The Wall Street Journal, that it accepts the regulator's findings, but that it didn't profit from the issue and that no customers lost out.

Raiffeisen Bank International AG dropped 10% as the Austrian bank issued a profit warning largely because the ongoing Ukraine crisis has driven it towards a net loss this year.

Stock in Tate & Lyle PLC tumbled 17% after the food ingredients maker issued its second profit warning this year, citing weaker selling prices and ongoing supply-chain issues.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires