EUROPE MARKETS: GKN, Renault Among European Stocks On The Move

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- Earnings reports pushed these companies to notable moves in European trading on Tuesday, with bank shares in focus.

GKN PLC rallied 5.9% after the car-parts maker posted an increase in first-half profit.

Heavyweight BP PLC (BP) added 0.4% after the oil giant reported a rise in second-quarter profit, boosted by its investment in Russian energy group OAO Rosneft .

UBS AG (UBS) shares slipped 0.8% even as the Swiss banking major reported a rise in second-quarter profit that beat expectations.

Deutsche Bank AG (DB) lost 1% after reporting a fall in second-quarter net profit and revenue and missing Wall Street forecasts.

Renault SA shares gave up 2.9% after the auto maker said revenue slipped in the first six months of the year as an improvement in European sales failed to offset a slide in emerging markets.

Compagnie Generale des Etablissements Michelin fell 0.6%. The French tire maker said sales slipped in the first half, blaming the drop on price cuts on some tires and falling demand for its most expensive products.

St. James's Place PLC slid 3.2% after the U.K. wealth manager reported a 9% drop in first-half pretax profit.

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