EUROPE MARKETS: LVMH Gains, Hugo Boss Declines: European Movers

By Carla Mozee, MarketWatch

LONDON (MarketWatch) -- Here are a few companies whose shares made notable moves in European trade Wednesday.

Ashtead Group PLC: Shares rose 3.6% after the equipment-rental company said full-year results should come in ahead of its previous expectations, following a strong first quarter.

Booker Group PLC: Shares dropped 6.9% after Germany's Metro AG said it planned to sell its stake in the British food wholesaler. Metro has a roughly 9% holding in Booker.

LVMH Moët Hennessy Louis Vuitton: Investors pushed shares up 2.9% as the luxury-goods company reached an agreement to settle its differences with Hermès International SCA. The conflict stems from LVMH's accumulation of a significant stake in Hermès, according to The Wall Street Journal. LVMH will now redistribute its 23% in Hermès to shareholders. Hermès shares fell 3.4%.

Hargreaves Lansdown PLC: Full-year revenue at the financial services firm rose 8% to 291.9 million pounds ($481.21 million), but came in below a Reuters consensus estimate of GBP342 million. Shares fell 5.8%.

Hugo Boss AG: The German fashion house dropped 5.7% after private-equity firm Permira said it is selling 7.9 million shares. The sale represents 11.2% of total share capital, said Hugo Boss in a Tuesday statement.

The Stoxx Europe 600 index rose 0.7% on the prospect that Kiev and Moscow are moving toward a cease-fire deal for eastern Ukraine.

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