The CEO of Italgas Paolo Gallo has said it is interested in acquiring Gas Natural’s distribution business in Italy. This operation would reflect the consolidation trend expected in the Italian gas market, allowing Italgas to raise its domestic market to 40% from the current 30%.
Both JP Morgan and Bank of America announced that their trading revenues, specifically those from fixed income operations, had declined substantially over the year so far in interannual terms. European banks like HSBC or Deutsche could suffer the same problem.
Francesco Saraceno | I share with Donald Trump the belief that Germany is harming the world economy. (Ok, ok, it is not bad Germany, it is bad German trade. ). Yet, I think it is worth pointing out something trivial that is not emphasized enough. Trump is right about Germany, but for the wrong reasons. The problem is not the number of German cars circulating in the US, but the number of American cars not circulating in Germany.
ACS’ renewable energy subsidiary, Saeta Yield, plans to increase its dividend by 1% to 0,76 euros per share in 2017 compared with a year earlier. This is mainly due to the firm’s strong recurrent cash flow generation.
It looks as if sentiment has turned negative on the Autos sector over the last month. As reported by Carax-Alphavalue, “this has been as brutal as the previous month’s surge, confirming if needed how volatile investor perception can be on the sector”. The Autos sector is last month’s worse performer with a near 3% drop.
Fernando Rodríguez | The MifidII obliges the 100,000 professionals who inform and advise on finances in Spain to be accredited as being technically qualified to do this job by January 2018. Spain is the only country in Europe which doesn’t have any regulation in place regarding professional qualifications.
A decent rebound in eurozone equities in recent weeks brought up concerns that the market might already be overvalued by now. Julius Baer’s research clarifies that “valuation is not the main driver of our asset allocation as earnings definitively remain more important”. However, valuation is easy to observe and thus attracts quite some attention. One of the measures they are following is the equity risk premium.
The balancing acts which are devised in Frankfurt oblige us to once again take a look at the present and future of inflation in the Eurozone, focusing our analysis on the prices chain. “The ECB did this exercise and the conclusions favour the institution’s caution,” they explain.
The Greek government has given authorisation to local firm Energean Oil and Gas and Spain’s Repsol to explore and operate hydrocarbon deposits in the region of Aitoloacarnania, in western Greece.
Non-subsidised Spanish housing prices grew 0.9% on as quarterly basis and 2.2% year-on-year in the first quarter of 2017, according to the statistics on the tax valuation of houses published by the Public Works Ministry. Minister Iñigo de la Serna flagged that it’s the eight consecutive quarter with price rises, although he ruled that there is an overheating in the sector.