By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Here are companies whose shares made
notable moves in European trade on Tuesday:
Gainers
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.
Decliners
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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