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European Stocks to Watch: Air France-KLM

Shares of Air France-KLM rose Thursday after the company reported a 33% rise in full-year operating profit.

The company also claimed it would generate a 7% return on capital employed, which is its preferred way of measuring profitability. That helped push the stock in Europe's biggest airline higher at 2.9%, bucking the overall weakness of the European markets.

Air France-KLM also announced it had placed a $7 billion order for new planes to refresh its fleet. The purchase included two Airbus A380 superjumbos.

Galiform (Up 2.5%) Shares of the U.K. kitchen maker were upgraded to "buy" from "neutral" by UBS, which lifted the company’s price target to 200p from 142p and expects "good growth without huge risks" for the company.

Vostok Nafta (Down 2.8%) The Swedish energy investment group posted a net loss of over $320 million in the first quarter.

Cable & Wireless (Up 2.8%) The communications company posted a better-than-expected rise in full-year earnings.

Dexia (Down 3.8%) The French bank’s potential upside is already priced into the current stock price, according to Credit Suisse, which said the company’s results are "unlikely to change many of the market's earnings estimates."