EUROPE MARKETS: Maersk Leads Stoxx 600 With 5% Rally

By Sara Sjolin, MarketWatch

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

A.P. Møller-Maersk AS: The Danish shipping and oil conglomerate topped the Stoxx Europe 600 index with a 5.3% advance after raising raised its full-year underlying profit outlook to $4.5 billion from $4 billion. It also said it would kick off a $1 billion share buy-back program over the next 12 months.

John Wood Group PLC: The energy-services company rallied 4.3% after backing its full-year guidance for earnings before interest, taxes and amortization.

Shares of Imperial Tobacco Group PLC (ITYBY) gained 1.6%. The U.K. company said it is on course to complete its acquisition of a pack of U.S. cigarette brands from Reynolds American Inc. (RAI) and Lorillard Inc. (LO).

AstraZeneca PLC (AZN): Shares of the U.K. drug maker climbed 1.1% after the U.S. Department of Justice dropped an investigation into Plato, a clinical trial with heart drug Brilinta.

Losers

Shares of BHP Billiton PLC (BHP) slid 3.9% after the mining firm said it will spin off several assets, including its nickel mines and aluminum smelters, which will be listed on Australia's stock exchange. The company also reported a 23% rise in annual profit.

Fiat SpA shares fell 1.1% after Credit Suisse initiated coverage of the Italian car maker with an underperform rating.

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