IAG has bought 4.61% of Norwegian Air

IAG Could Make Full Bid For Norwegian Air

IAG has bought 4.61% of Norwegian Air. And according to Bloomberg, the Spanish airline could be considering making a bid for the whole company. IAG’s interest in the low cost long-distance segment (where Norwegian operates) is clear, given that it created an airline last year with these characteristics called Level.

Inmobiliaria Colonial and the socimi Axiare merger

Colonial & Axiare Create Property Giant Worth €11.1 Bn

Inmobiliaria Colonial announced at the market close on Tuesday that its board and that of the socimi Axiare have approved the merger of both companies. The integration still has to be ratified at the respective shareholder meetings. It will be carried out via a share exchange: 1,8554 shares of Colonial for each share of Axiare.

Barclays has cut target price for Telefónica four times in three months

Barclays Does Not Settle On Target Price For Telefonica

In three months, Barclays has cut its price target for Telefónica on four occasions, from 9,8 euros/share in December to 9 euros/share last time round, on March 19. That’s almost 10% lower. How can a company’s value change so much in such a short space of time?