IBEX

Inditex's flexible model

Inditex Posts Record-Beating 8% Rise In Profits; Creates Nearly 10,000 Jobs

First half results from Inditex have once again been record-beating. The company owned by Amancio Ortega, the world’s richest man in 2016 according to Forbes, posted an 8% rise in net profit to 1.256 billion euros in the first half of its 2016-2017 fiscal year (this runs from February 1 to July 31) from a year earlier.


Repsol's credit upgrade

Repsol: Analysts More Upbeat After Gas Natural Stake Sale

Mari Pinardo / Julia Pastor | At the start of this year, Repsol launched an ambitious Strategic Plan to allow the Company to eliminate its debt and weather the storm of low oil prices. The plan includes: divesting non-core assets for a total of 3.100 billion euros via a series of deals, one of which was the possible sale of its Gas Natural stake. The chance came along and on Monday Repsol announced it has agreed to sell 10% of its stake in the gas company for 1.901 billion euros. The operation has been well received by the markets and by analysts.




ferrovial-texas

Ferrovial: The Best Scribe Blots Its Copy Book

The Ferrovial group is a world leader in private transport infrastructure development, not just in terms of the number of projects but also in terms of investment volumes. But with overseas investments of 72 billion euros, and a success story worthy of praise, it has had a setback in the US. This means, in practice, that the Spanish company will have to abandon the SH130 toll highway project (Trans-Texas corridor).


Telefónica02

Telefónica: A Stock Market Protagonist For Two Reasons

This week Telefonica has been one of the main protagonists of the Spanish stock market. Firstly, it confirmed to bourse regulator CNMV that it will launch an IPO of between 25% and 50% of its infrastructure affiliate Telxius. And secondly, that it is finalising the partial sale of its UK subsidiary O2.


gas natural

Gas Natural Shakes Up the Spanish Stock Market

In recent times, hardly anything ever happens in the Spanish stock market. There are practically no IPOs or shareholder squabbles to attract investors’ attention. So when there is even a slight movement, like the possible sale of 20% of Gas Natural by majority shareholders Repsol and La Caixa, it shakes the market up more than normal.

 



Goiri

Sabadell, Bankia H1 results prompt different stock market reaction

The banks’ non-performing loans ratio continues to show signs of recovery amid the ongoing deleveraging process on the part of households and companies. The balance of impaired loans fell by 18.3% in May to 121,865 billion euros. Against this backdrop, Banco Sabadell and Bankia were the first banks to present their first half results’ report. And the Spanish stock market reacted in a completely different way to each report.


Santander still a systemic bank

Santander, Unicredit End Talks On Asset Management Deal

Italian lender Unicredit has announced the cancellation of an agreement reached in November with Spain’s Santander to create a new asset management company by combining their respective subsidiaries Pioneer Investments and Santander Asset Management.