Ibex


viscofan

Santander: Maintain Viscofan; growth insufficient for revaluation

Viscofan has published sales data for Q119. Sales income grew 7% compared to Q118. This figure has not surprised us, although we recognise that without more details it is difficult to evaluate fully Viscofan´s income performance in Q119, analysts at Santander point out.


Inditex's first store in the world with an integrated online section in Stratford (London).

Only 20% of Inditex profits come from outside Europe

Morgan Stanley | Spanish group Inditex has published for the first time numbers by region and data which show that it is extending the useful life of its assets, increasing the capitalisation of its IT spending and reducing provisions.


Telefónica

JD Digits buys 16.7% of Telefonica-China Unicom’s JV

Renta 4 | JD Digits has invested through an increase in capital in Smart Steps Digital Technology Company, the JV created by Telefónica (TEF) and China Unicom to offer Big Data services to corporate Chinese clients.







telecommunications towers sector in Europe

Cellnex: valuation of TDF around 18x its EV/EBITDA

Renta4 | Cellnex (CLNX) has contracted Goldman Sachs for the acquisition of a holding in the French company TDF. The news limits the posible holding to 60%, in a company in which Brookfield, which holds 45%, has announced the sale of its holding.