UBS considers Swiss exit; Commerzbank eyes tie-up

25. Sep 2026

(AWP Alliance News) - The following stocks are the leading risers and fallers in Europe's major stock indices on Friday.

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CAC 40 winners

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Societe Generale SA, up 3.1% at EUR71.97, Deutsche Bank ups price target to EUR89

STMicroelectronics NV, up 3.0% at EUR46.16

Legrand SA, up 2.2% at EUR137.48

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CAC 40 losers

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TotalEnergies SE, down 1.4% at EUR80.04, tracks oil prices lower

EssilorLuxottica SA, down 1.2% at EUR144.13

Thales SA, down 1.1% at EUR229.70, European defence stocks slide

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DAX 40 winners

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Siemens Energy AG, up 3.2% at EUR146.00

adidas AG, up 2.6% at EUR145.85

Commerzbank AG, up 2.4% at EUR42.17, CEO says bank could buy UniCredit's HVB as part of bank tie-up

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DAX 40 losers

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Rheinmetall AG, down 1.3% at EUR977.05, European defence stocks slide

Deutsche Telekom AG, down 1.0% at EUR26.73

Airbus SE, down 1.0% at EUR192.56

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FTSE 100 winners

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Computacenter PLC, up 4.0% at 5,447.50p

Smiths Group PLC, up 3.1% at 2,842.50p

Aberdeen Group PLC, up 2.8% at 247.70p

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FTSE 100 losers

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Ithaca Energy PLC, down 4.0% at 284.20p, tracks energy prices lower

BP PLC, down 3.2% at 553.80p

Babcock International Group PLC, down 1.4% at 971.20p

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MIB 40 winners

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Prysmian Spa, up 2.8% at EUR125.75

STMicroelectronics NV, up 2.8% at EUR46.05

Banco BPM Spa, up 2.3% at EUR16.61

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MIB 40 losers

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Tenaris SA, down 1.9% at EUR24.41

Ferrari NV, down 0.9% at EUR358.85

Eni Spa, down 0.9% at EUR24.16

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SMI 20 winners

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UBS Group AG, up 3.5% at CHF40.63, bank mulls relocation

Givaudan SA, up 1.8% at CHF3,473.00

Holcim Ltd, up 1.7% at CHF67.71

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SMI 20 losers

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Kuehne & Nagel International AG, down 1.4% at CHF225.15

Lonza Group AG, down 0.5% at CHF567.00

Nestle SA, down 0.3% at CHF77.48

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European stock movers in focus:

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TotalEnergies SE, down 1.4% at EUR80.04, 12-month range EUR49.24-EUR81.34. Tracks oil prices lower as Iran proposes a seven-day plan to reopen the Strait of Hormuz and restart talks with the US, Foreign Minister Abbas Araghchi says, according to US media. Brent oil prices are lower, helped by the prospect of a reopening of the key energy shipping route, trading at USD104.93 a barrel early Friday, down from USD107.25 late Thursday. Araghchi says the plan has been delivered through intermediaries and depends on certain conditions being met, which he says go no further than those agreed between Washington and Tehran in June. Iranian state media reports that Tehran's conditions include the immediate lifting of the US naval blockade off the Iranian coast, the release of frozen Iranian assets and an end to the war on all fronts. A White House official tells CNN that discussions through mediators have been "positive and constructive". US and Iranian representatives held talks on Tuesday on the sidelines of the UN General Assembly, their first negotiations in months. Separately, TotalEnergies reaffirms the relevance of its strategy.

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Commerzbank AG, up 2.4% at EUR42.17, 12-month range EUR29.01-EUR43.37. Reuters reports that Commerzbank could acquire UniCredit Spa's German bank HVB in shares as the two lenders discuss a possible tie-up. Chief Executive Bettina Orlopp says such a transaction is one of several "options on the table" that could increase UniCredit's stake in Commerzbank. Other possibilities include a straightforward merger between the two banks or UniCredit making an offer, "most likely with a premium", for the remaining Commerzbank shares to lift its holding above 90%. UniCredit has built a stake of nearly 50% in Commerzbank after pursuing the German lender for more than two years.

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UBS Group AG, up 3.5% at CHF40.63, 12-month range CHF28.25-CHF45.04. The Swiss bank rises following a report that it is considering options to reduce its exposure to tougher Swiss capital requirements, including a potential combination with a foreign lender. Bloomberg, citing a Semafor report, says UBS has revived discussions about ways to move the bank out from under Swiss regulators. The report follows a vote this week in which a majority of Switzerland's upper house backed a plan that would require UBS to hold more equity capital, with the bank estimating the proposals would require an additional USD16 billion of Common Equity Tier 1 capital. Switzerland's lower house is due to consider the proposals next, with the final outcome not expected until next year.

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By Eva Castanedo, Alliance News senior economics reporter

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