UUGRY United Utilities Group PLC (PK)

By Sara Sjolin, MarketWatch

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

Gainers

Shares of Ryanair Holdings PLC climbed 3.4% after the budget airline detailed new plans to attract more business travelers.

Polymetal International PLC added 3.4% after the gold and silver miner said it swung to a profit in the first half of the year.

RWE AG picked up 0.6% after Deutsche Bank lifted the utility company to hold from sell.

Decliners

Shares of United Utilities Group PLC dropped 1.3% after Bank of America Merrill Lynch cut the stock to underperform.

STMicroelectronics NV lost 0.8% after Credit Suisse initiated coverage of the chip maker with an underperform rating. The analysts argued that the company's midterm margin target looks challenging.

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