IBEX

telefonica.bonita

Telefonica Holds Up Well In The Stock Market After Dividend Cut

Telefonica’s stock price held up much better than expected after the multinational announced it will cut its dividend this year and next. The shares finally closed down 1% after falling as much as 4% in the first few hours of the session. It seems that investors have understood that, on the one hand, it is the company’s best option for reducing debt; and, on the other, that the dividend yield is still very attractive.


Banco Santander's capital increase

Ana Is No Miracle Worker

The first thing that should be said about Ana Botin is that only a few weeks after taking over the reins of Santander in September 2014, she left no-one in doubt that she planned to put that house in order and take the bank’s problems seriously. After a wave of restructuring, including lay-offs and bank closures, things have turned nasty again for Santander in the first half of this year, with Brexit and Brazil key complications.



Passengers at Heathrow's Terminal 5.

Ferrovial rubbing its hands ahead of possible Heathrow airport extension

Ferrovial, which owns 25% of Heathrow, could benefit from the possible extension of the airport’s installations: apart from being able to participate in the construction of a third runway, the increase in the number of passengers would mean higher revenues, profits and dividends for the Spanish services and infrastructure operator.

 



Telefónica is a good investment bet

Telefónica saves the day with 4-year and 15-year bond issues

It’s definitely not Telefónica finest hour. Problems with the possible listing of its UK affiliate O2 after the pound’s slump can be added to the fiasco with the IPO of its infrastructure subsidiary Telxius. The company is worried about having its rating cut and it doesn’t know how it can cut its massive 52 billion euros debt pile. But on Monday it returned to the debt market and successfully placed 2 billion euros in 4-year and 15-year bonds.



inditex4

Inditex Is Pricey But It Still Has Years Of Upside

The Gallegan fashion retailer never fails to amaze us with its growth capacity, which is also healthy. As of now, it is not just the leading Spanish company in stock market terms but also one of the three or four in the Eurostoxx 50 worth over 100 billion euros.



Telefonica's results

Telefonica’s Blown It With Telxius IPO

These are not good times for IPOs. Telefónica has been obliged to cancel the IPO of its infrastructure affiliate Telxius, with the agreement of the placement banks. With the stock market listing, Telefonica had hoped to reduce its hefty debt pile of over 52 billion euros. But market pressure has forced it to backtrack. Telefónica’s shares opened down 4% on Friday. So far this year, the shares have still lost over 8%.