By Dow Jones Business News,
August 26, 2014, 12:06:00 PM EDT
By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Here are companies whose shares made notable moves in European trade on Tuesday:
Steel stocks posted some of the biggest gains in Europe after UBS said it had turned positive on the sector. The
investment bank lifted ArcelorMittal SA, up 4.4%, Salzgitter AG , up 7.2%, and Voestalpine AG, 3.3% higher, to buy from
sell. UBS also raised Kloeckner & Co SE to neutral from sell, helping to send the shares 3.5% higher.
Veolia Environnement SA picked up 2.2% after Exane BNP Paribas upgraded shares in the water- and waste-management
company to outperform from neutral.
Shares of WPP PLC picked up 1.4% after the advertising giant reported a rise in first-half profit as revenue improved.
Bank stocks were fueled by hopes of asset purchases by the ECB. Shares of BNP Paribas SA climbed 2.1% in Paris,
Deutsche Bank AG (DB) gained 2% in Frankfurt and UniCredit SpA jumped up 2.3% in Milan.
Telecity Group PLC slumped 6% after the data-center operator said Chief Executive Michael Tobin will step down by the
end of October.
Shares of GDF Suez SA gave up 0.8% after UBS cut the French utility company to neutral from buy.
Antofagasta PLC fell 1.2% after the miner said earnings fell in the first half of the year, due to lower copper output
and weaker prices.
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