Nokia jumps on Goldman note

Shares in embattled telecoms giant Nokia rose yesterday after Goldman Sachs upgraded its investment rating on its shares to “buy” from “neutral”. Goldman Sachs said Nokia's shares offered long-term opportunity for value after falling around 30 per cent from early February when the firm decided to dump its Symbian software platform in favour of Microsoft's Windows Phone 7. It is understood Microsoft paid Nokia $1bn (£600m) to develop handsets to run the platform.