EUROPE MARKETS: Philips Rises; Barclays Falls In European Trade

By Carla Mozee, MarketWatch

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

Gainers

Philips NV climbed 2% 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: shares of the Norwegian chemical company gained 7% after the company said it's discussing a merger with U.S. fertilizer producer CF Industries (CF).

Decliners

Barclays PLC shares were down 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 12% after the Austrian bank issued a profit warning largely the ongoing Ukraine crisis has driven it towards a net loss this year.

Stock in Tate & Lyle PLC tumbled 16% after the food ingredients maker issued its second profit warning this year, citing weaker selling prices and ongoing supply-chain issues.

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