IBEX


BBVA_adelanteTC

BBVA Chairman Is Losing Sleep Over Turkey

Despite all the international support Erdogan has received since the failed coup on July 15, the situation in Turkey has become complicated because of the President’s reaction. It has fuelled a dangerous dynamic in the Euroasian country which could end up harming the Turkish economy and, therefore, the international companies operating there.


Inditex

Inditex To Approve Long-Term Incentive Plan For Up To 600 Employees

This week Inditex approved the appointment of Baroness Denise Kingsmill to its board of directors, as well as a long-term incentive plan, in cash and shares, for up to 600 company executives, including chairman Pablo Isla. The company also said it will not alter any plans it has for the UK despite Brexit.


IBEX-35-TC

Non-Financial Ibex Firms Cut Their Leverage In 2015, Despite Earning Less

The 25 non-financial companies listed on the Ibex 35 index have achieved something in 2015 which many considered as impossible: reducing their debt ratio. And they have done this despite the fact that their net income was lower than the previous year. According to BME (Bolsas y Mercados Españoles) their financial debt was 38% of liabilities, compared with 44.3% in 2014.



B-Santander

Santander AM To Join Unicredit Despite Brexit and Italian Banks Crisis

Despite the rumours, top Spanish Bank Santander -Eurozone’s 2nd largest by market cap- will indeed complete this year the merger of its asset management fund (Santander AM) with Pioneer Investments, Italian UniCredit’s subsidiary, once the operation meets the regulatory and legal requirements. A EUR5.3 bn deal that has been simmering for more than 20 months.


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.