Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1677
    +0.0020 (+0.17%)
     

  • GBP/USD

    1.2495
    -0.0016 (-0.13%)
     

  • Bitcoin GBP

    51,140.83
    -646.88 (-1.25%)
     

  • CMC Crypto 200

    1,332.45
    -64.08 (-4.59%)
     

  • S&P 500

    5,110.36
    +61.94 (+1.23%)
     

  • DOW

    38,295.44
    +209.64 (+0.55%)
     

  • CRUDE OIL

    83.74
    +0.17 (+0.20%)
     

  • GOLD FUTURES

    2,349.00
    +6.50 (+0.28%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

STOCKS NEWS EUROPE-Siemens seen up on UBS upgrade to "buy"

Reuters - UK Focus

Shares in Siemens are indicated to rise 0.5 percent, putting them among the top gainers on Germany's blue-chip DAX index, according to pre-market data, as traders cite a note from UBS (Xetra: UB0BL6 - news) which lifts its recommendation on the stock to "buy" from "neutral", seeing upside potential following a weak year-to-date performance.

"Since the start of the year the stock has underperformed the market and the sector by about 7 percent, and with several potential catalysts ahead, we think now is the time to buy back into the shares," UBS analysts say in a note.

They add that they see Siemens' announcement of a new strategy, due on May 8, as a key trigger for the engineering group's stock. Shares in Siemens have declined by 4.4 percent so far this year, after gaining 25 percent in 2013.

Reuters messaging rm://maria.sheahan.thomsonreuters.com@reuters.net