EUROPE MARKETS: Raiffeisen Rallies, Miners Slip: Europe Movers

By Sara Sjolin, MarketWatch

LONDON (MarketWatch)--Here are companies whose shares made notable moves in European trade on Thursday.

Gainers

Raiffeisen Bank International AG: Shares of the Austrian bank rallied 11% after it said falling costs helped lift second-quarter profit, allowing it to confirm its outlook.

AstraZeneca PLC (AZN) and Sanofi SA climbed 3% and 1.7%, respectively, after they entered a partnership with Illumina Inc. (ILMN) to develop a cancer-test system.

Shares of Schroders PLC picked up 2.7% after HSBC lifted the asset manager to overweight from neutral.

Decliners

Royal Ahold NV lost 0.9% after the Dutch retailer reported a 29% fall in second-quarter profit, as fierce competition and a weaker U.S. dollar weighed on margins and sales.

Miners in London slipped after data from China showed factory activity in the world's second-largest economy weakened to a three-month low in August. Shares of Anglo American PLC fell 1.3%, Rio Tinto PLC (RIO) fell 0.7% and BHP Billiton PLC (BHP) dropped 0.4%.

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