By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Here are companies whose shares have
made notable moves in European trade on Tuesday:
Gainers
Steelmakers posted some of the biggest gains in Europe after UBS
said it had turned positive on the sector, arguing that now is the
right time to play European steel stocks. The investment bank
lifted ArcelorMittal SA, up 2.4%, Salzgitter AG , up 3.6%, and
Voestalpine AG, 2.5% higher, to buy from sell. UBS also raised
Kloeckner & Co SE to neutral from sell, sending the shares 2.1%
higher.
Shares of Veolia Environnement SA picked up 2% after Exane BNP
Paribas upgraded the water- and waste-management company to
outperform from neutral.
Bunzl PLC climbed 1.7% after the distributor of cleaning
products and outsourcing company posted a rise in first-half pretax
profit.
Shares of WPP PLC picked up 1.6% after the advertising giant
reported a rise in first-half profit as revenue improved.
Decliners
Telecity Group PLC slumped 5% after the data-center operator
said its chief executive Michael Tobin will step down by the end of
October.
Shares of GDF Suez SA gave up 1.8% after UBS cut the French
utility company to neutral from buy.
Antofagasta PLC slumped 3.9% after the miner said earnings fell
in the first half of the year, due to lower copper output and
weaker prices.
Petrofac Ltd. gave up 2.8%. The oil-services company reported a
drop in first-half profit, but said it remains on course to achieve
full year targets
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