IBEX

Banco Santander

Santander earns €1,867 million in attributable profit during Q1 2017 (up 14% )

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.


Banc Sabadell potential

Banc Sabadell, when the worst is never certain (21% upside potential)

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

Indra Gives Boost To European Laboratory For Smart Cities

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.





Caixabank's eyes DB's subsidiary

Caixabank eyeing Deutsche Bank’s Spanish business

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




Iberdrola's growth in US

Iberdrola Warns Of The Risk From Trump To US Renewables’ Growth Plan

Iberdrola has warned  of the risk Donald Trump’s administration poses to renewables’ growth plans in the US. Iberdrola says Trump could freeze or eliminate the CPP (Clean Power Plan) designed by Obama. This envisaged investments of $8.5 billion a year until 2030. But for now, these changes in US policy have not altered Iberdrola’s growth outlook.