According to the broadcasting code, sponsor credits "must not contain advertising messages or calls to action".

BBC: Moyles rapped for Young gay spoof

Third party advertisements, content or applications displayed on our sites may also contain cookies alone or in conjunction with web beacons or other tracking technologies set by Internet advertising companies, ad networks and services, content providers, application providers or advertisers.

NEWSWEEK: Privacy Policy

Among the globally-exposed stocks that UBS says look cheap relative to their sector are embattled oil giant BP, which is struggling to contain the spill in the Gulf of Mexico, drug-makers Sanofi-Aventis and Novartis, media and advertising companies Pearson and WPP, tobacco concern BAT, metals and mining giants, ArcelorMittal, Rio Tinto and Anglo American, financial firms ING and Aegon, capital goods companies Philips and Schneider Electric and energy company Repsol.

FORBES: Sell America, Buy Europe (Selectively)