EUROPE MARKETS: Swatch Falls, Kingfisher Climbs: 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 on Wednesday.

Decliners

Stora Enso lost 3.8% as 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.

Swatch Group shaved off 1.8% after Apple (AAPL) launched its long-awaited Apple Watch, which is seen as threat to the Swiss watch company.

Banco Santander (SAN) shed 0.7% after the banking giant said Chairman Emilio Botín had died overnight and it had appointed Ana Patricia Botín, the former chairman's daughter, to succeed him as head of the bank.

Gainers

Kingfisher jumped 4.3% 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 1.9% as Ferrari Chairman Luca Cordero di Montezemolo resigned, to be replaced by the chief executive of Fiat. Fiat owns 90% of Ferrari.

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

Electricite de France rose 1.3% after Goldman Sachs lifted its view on the French utility firm to buy from neutral.

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