By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- Here are some of the stocks that made
notable moves in European trade Monday.
HSBC PLC:Shares fell 0.9%, with investment manager Neil Woodford
saying his fund sold its stake in the bank. In a blog post,
Woodford said he's concerned HSBC will be issued substantial
penalties stemming from an investigation into alleged rigging of
the Libor interest rate and manipulation of foreign-exchange
markets.
Iliad SA: Shares dropped 8.8% after the French
telecommunications firm said it's in talks with several potential
partners to file a new bid for control T-Mobile US Inc.
ITV PLC: The stock jumped 3.2% and moved toward its highest
close in roughly 14 years, following a Telegraph report on Saturday
that Liberty Global (LBTYA) is eyeing a potential takeover of the
British broadcaster. Liberty Global in July bought a 6.4% stake in
ITV for 481 million pounds ($799.6 million).
Novartis AG:The Swiss drug maker's shares leapt 4.6% after a
clinical trial that showed Novartis' new heart treatment, LCZ696,
reduced deaths in patients with chronic heart failure by 20%
compared with standard therapy. Chronic heart failure affects more
than 20 million people worldwide, implying a $40 billion market
opportunity based on average prices for branded-cardiovascular
drugs, wrote analysts at Credit Suisse on Monday.
Tesco PLC: The U.K.'s largest supermarket chain fell 2.2% after
David Herro, the chief executive of Harris Associates, said the
U.S. investment fund had cut its stake in Tesco to about 1%, from
3%, and is looking for a clear strategy from Tesco on how to
improve business.
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