BARCLAYS | Although Q3 numbers were in line with expectations we remain cautious on the outlook, particularly in Brazil but with the other major geographies of Spain and the UK also facing earnings headwinds. In addition, limited capital generation in the quarter reaffirms our view that Santander’s weak capital position is a hindrance to a re -rating of the shares.
BARCLAYS | Repsol’s 2016-2020 strategy presentation set out the resilience of its integrated business model with a shift to a focus on value from the previous growth focused strategy. The company expects to be free cashflow breakeven after dividends at $50/bl Brent over the 2016-2020 period with the breakeven likely to be $60/bl in 2016/17 before falling to $45/bl in 2018- 2020.
The Volkswagen scandal is a gigantic fraud which has taken in nearly 11 million consumers, as well as a host of governments well endowed with civil servants and a raft of regulations. This deception now forms part of a long list of disgraceful corporate actions which have been revealed since the fall of the Berlin Wall on November 9, 1989.
Fernando Barciela | Volkswagen appoints an insider executive as its new CEO, without explaining if the company’s leadership was aware of the fraud with diesel cars
About 600 European companies from Germany, France, Spain and Italy were surveyed by UBS about their investment intentions.
ACF | In 2014, ACS was the building company which won the most contracts worldwide.
Chinese e-commerce giant Alibaba sees its share price drop below IPO price for the first time.
Renta 4 | Spain’s big banks H2 results expected to be weaker.
WASHINGTON | When were US $92 million worth US $22 billion? On July 26, 2015. That was the day when Amazon presented its second quarter earnings.
Spain’s top five banks posted a combined net profit of 7.989 billion euros in the first half of 2015, up 48 percent from a year earlier, thanks to the improving economic situation and a decline in bad loans provisions.