Advertisement
UK markets close in 1 hour 41 minutes

  • FTSE 100

    8,056.24
    +15.86 (+0.20%)
     

  • FTSE 250

    19,589.11
    -130.26 (-0.66%)
     

  • AIM

    753.30
    -1.39 (-0.18%)
     

  • GBP/EUR

    1.1662
    +0.0017 (+0.15%)
     

  • GBP/USD

    1.2476
    +0.0014 (+0.11%)
     

  • Bitcoin GBP

    50,785.39
    -2,195.09 (-4.14%)
     

  • CMC Crypto 200

    1,366.26
    -16.31 (-1.18%)
     

  • S&P 500

    5,001.21
    -70.42 (-1.39%)
     

  • DOW

    37,870.85
    -590.07 (-1.53%)
     

  • CRUDE OIL

    82.67
    -0.14 (-0.17%)
     

  • GOLD FUTURES

    2,332.70
    -5.70 (-0.24%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,852.43
    -236.27 (-1.31%)
     

  • CAC 40

    7,973.32
    -118.54 (-1.46%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

STOCKS NEWS EUROPE-Allianz up on Credit Suisse upgrade

Reuters - UK Focus

Shares in Allianz rise 2.2 percent, one of the biggest gainers in Germany's benchmark index, after Credit Suisse (NYSE: CS - news) raises its rating on Europe's biggest insurer to "outperform" from "neutral", traders say.

"Post its underperformance in 2013 relative to the sector we see the Allianz valuation as having fallen back relative to other major European composites. The stock is now the cheapest of the four large-cap European names particularly if adjusted for balance sheet strength," Credit Suisse analysts write.

Shares in Allianz have gained 24 percent during 2013, compared with a 29 percent rise in the pan-European STOXX Europe 600 Insurance index.

Reuters messaging rm://christoph.steitz.thomsonreuters.com@reuters.net