EUROPE MARKETS: Santander Falls; Kingfisher Climbs: Europe's Big Stock Moves

By Sara Sjolin, MarketWatch

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

Decliners

Banco Santander (SAN) dropped 0.8% after the banking giant said Chairman Emilio Botín died overnight.

Stora Enso lost 4.3% after Credit Suisse cut the pulp-and-paper maker to underperform from neutral.

Shares of Sports Direct International lost 1.7% after the retailer said sales in the first quarter were impacted by England's "disappointing" World Cup performance.

Shares of Deutsche Lufthansa gave up 0.5% after its pilots at Munich's airport went on strike, grounding the airline's flights in and out of the city.

Swatch Group shaved off 2.1% after Apple (AAPL) launched its long-awaited Apple Watch, which is seen as threat to the Swiss watch company.

Gainers

Kingfisher added 4% after the home-improvement said Chief Executive Ian Cheshire will step down and appointed Véronique Laury, the head of French unit Castorama, as the new CEO.

Fiat SpA climbed 1.4% after the company said Ferrari Chairman Luca Cordero di Montezemolo will resign. Fiat is a majority stakeholder of Ferrari.

Barratt Developments climbed 2.8% after the house builder said full-year pretax profit more than tripled.

Electricite de France rose 1.4% after Goldman Sachs lifted the French utility firm to buy from neutral.

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