EUROPE MARKETS: Electrolux Rallies, U.K. Banks Slump: Europe's Big Stock Moves

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- Here are some of the companies whose shares made notable moves in European trade Monday.

Gainers

Shares of Electrolux jumped 5.9% to the top of the Stoxx 600 after the Swedish household-appliances maker agreed to buy General Electric's (GE) appliance division for $3.3 billion. Analysts at Kepler Cheuvreux said in a note that the deal is very positive for Electrolux, as it helps the firm get a stronger foothold in North America and Latin America.

ArcelorMittal rose 1.8% as Kepler Cheuvreux lifted the steelmaker to buy from reduce.

Lundin Petroleum added 1.1% as Deutsche Bank raised the oil and gas explorer to buy from hold.

Decliners

Associated British Foods dropped 4.9% after the food and clothing company said full-year revenue from its sugar division is expected to be lower than a year ago.

U.K. banks were hit hard by renewed jitters about the Scotting referendum on Sept. 18, after a poll over the weekend showed the pro-independence camp was in the lead for the first time. Shares of Lloyds Banking Group (LYG) fell 3.3%, Royal Bank of Scotland Group (RBS) lost 2.9% and Barclays (BCS) slipped 1.9%.

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