IBEX

IbexTC

The Financial Sector Reduces Its Participation In Spanish Stocks To Record Lows

At end-2015, Spanish banks and savings banks had barely a quarter of the holding in Spanish companies’ shares it had in 1992, the first year in the historical series elaborated by BME’s Rearch Department. The current share of 3.6% is 12 percentage points lower than that in 1992 and 5.8 percentage points below the level in 2007, at the start of the global financial crisis.

 



Santander USA

Santander, Deutsche Bank subsidiaries once again fail Fed stress tests

Out of the 33 banks subjected to the Federal Reserve’s stress tests, 31 have passed this year, which means they will be able to increase their dividends and share buybacks. On the other hand, Deutsche Bank and Banco Santander failed the tests due to the Fed’s doubts about their capacity to measure risk.


madrid-stock-exchange

Brexit Is Calling The Shots; PP Victory Leaves The Ibex Fairly Cold

The rise in the Ibex 35 in the first few minutes of Monday’s session, when it rose 3% to over 8,000 points could not last. And it didn’t. Half an hour after the market opened, it began its downward spiral once again towards the 7,700 level. It lost over 2% and stayed there almost until the close, with the fall mirrored in the rest of the European exchanges.


Metrovacesa

From Metrovacesa To Merlin Via The Crisis

Before the crisis, Metrovacesa was one of the five big Spanish property companies, born out of Madrid’s expansion with the construction of the underground in the first few decades of the XXth century.


Sacyr-Go

Cellnex, Viscofan replace family-owned builders Sacyr, OHL in Ibex 35

Newcomer to the stock exchange, Cellnex (a subsidiary of Abertis in the business of telecommunications networks) and oldtimer Viscofan (which manufactures cellulose wrapping for the food sector) will substitute two new generation construction companies (Sacyr and OHL). Both of these firms are controlled either by families or professionals.



Spanish stock exchange

Weak Start To The Year For Ibex 35 Companies

F. Barciela / F. Gil Ljubetic | If there had been a recovery in the Ibex 35 companies previously, it’s clear that this has stopped or slowed in the January-March period. Amongst those which have already presented first quarter results, very few have given investors much of a reason to be happy.


Gamesa2

Gamesa’s Solid Start To The Year

BARCLAYS | Gamesa posted a very solid start to the year with sales growth of 30% driving a 6% beat to company-compiled consensus. EBIT beat by 24% as the Group margin reached 11.2%, up 330bps year on year. Free cash flow was negative €107m (by our calculations), a solid improvement versus Q1’15’s -€267m in what is always the weakest quarter of the year.


BBVA2

BBVA Q1’16 Falls 53.8% To 709 Mn Euros On Currency Impact

Spain’s second biggest bank BBVA said it posted a 53.8% drop in net profit to 709 million euros in the first quarter to March from a year earlier. The bank explained that quarterly results were hampered by a number of factors, including the impact of exchange rates, lower results from NTI and the lack of corporate operations.