Banco Santander delivered an attributable profit of €1,867 million during the first quarter of 2017, +14% compared to Q1 2016. Excluding currency movements, profit before tax increased by 17% to €3,311 million . The underlying business performance was strong, with positive trends in all markets and particularly good growth in Latin America, Spain and Santander Consumer Finance.
Particularly affected by the Brexit vote, due to its UK exposure, Sabadell’s share price has moved sideways and accumulated underperformance vis-à-vis the broader sector until the US election. As reported by Carax-Alphavalue, the latter’s outcome was “rapidly digested”, freeing the stock’s upside potential which has regained a large portion of the lost ground.
Indra’s digital transformation unit Minsait is giving a new boost to the construction of solutions with great innovative content in the realm of smart cities through its participation in the European R&D program Smart Cyber Physical Systems Engineering (CPSE) Labs.
The merger of Gamesa with Siemens’ wind energy business will be effective from the beginning of April and within the next twelve working days the companies will pay an extraordinary gross dividend of 3,59 euros per share.
Mapfre has successfully placed subordinated bonds with 236 institutional investors from different European countries. The UK and Ireland took up 22% of the total issuance, France 16%, Germany and Austria 14% and Italy 13%.
Telefonica has reached an agreement with Vodafone which will allow the latter to access its fibre optic network both in non-regulated areas (the 66 most populated cities in which Telefonica is not obliged to share its infrastructure) as well as in a significant part of the regulated zones.
Caixabank has informed Deutsche Bank’s management team of its interest in the German bank’s Spanish subsidiary in the event of a sale. The approach was made in 2016, before Deutsche Bank reached an agreement with the US Department of Justice to reduce the fine for selling “subprime” mortgages to $7.2 billion
One of the benefits of the Talisman acquisition for Repsol has been precisely the reduction of geopolitical risk in its Upstream business, given that the lion’s share of its Downstream activity is carried out in Europe.
Repsol and its partner Armstrong Energy have made the biggest conventional discovery of hydrocarbons in the last 30 years on US territory. The total amount is approximately 1.2 million barrels of light recoverable oil, a figure which is equivalent to four years of consumption in Spain.