Markets

Goiri

Sabadell, Bankia H1 results prompt different stock market reaction

The banks’ non-performing loans ratio continues to show signs of recovery amid the ongoing deleveraging process on the part of households and companies. The balance of impaired loans fell by 18.3% in May to 121,865 billion euros. Against this backdrop, Banco Sabadell and Bankia were the first banks to present their first half results’ report. And the Spanish stock market reacted in a completely different way to each report.


Santander still a systemic bank

Santander, Unicredit End Talks On Asset Management Deal

Italian lender Unicredit has announced the cancellation of an agreement reached in November with Spain’s Santander to create a new asset management company by combining their respective subsidiaries Pioneer Investments and Santander Asset Management.

 


ACS, Atlantia eye remaining stake in Abertis

Abertis Posts H1 Net Profit Of €510M Thanks To Recurrent Business

Abertis’ key figures improved in the first half of 2016, with growth in net profit (+9% like-for-like) to €510Mn , EBITDA (+7% like-for-like) to €1,502Mn and revenue (+5%) to a total of €2,243Mn, in a period featuring a resilient recurring business, traffic increases and the addition of new assets to the consolidation scope following the acquisition of 50% of Autopista Central in Chile.


Cellnex buys El Corte Inglés' antenna business for € 70M

Cellnex Obtains €24M Net Income in H1’16 as a recent Ibex 35 debutant

Cellnex Telecom is the leading independent operator of wireless telecommunications’ infrastructure in Europe and is a newcomer to the Spanish stock exchange (it made its debut on June 9).  In the first half to June, the company obtained revenues of €338 million and EBITDA of €134 million. Net income reached €24 million compared to €18 million a year earlier. At end-June, Cellnex had a portfolio of 15,135 towers located in Spain, Italy, the Netherlands and France. Cellnex is a subsidiary of Abertis.




Telxius

As Telefonica Presents H1’16 Results, It Faces Up To Effects Of Failed Attempt To Sell 02

Telefonica has presented on Thursday its first half results. These have highlighted the new contribution from its O2 UK subsidiary, which returns to the multinational’s permiter after five quarters on the outside. Revenues in the UK during H1’16 reached 3,464 million euros against 25,235 in the consolidated group. Meanwhile, Telefonica’s frustrated attempt to sell its UK unit O2 to Hutchison is beginning to have consequences.


Rio Olympics

Rio Olympics: Brazil Does Not Want To Become Another Greece

The XXXI Olympic Games will be inaugurated on August 5 in Rio de Janeiro, amid uncertainty over what the impact will be for the Brazilian economy. It’s difficult to forget Athens and its influence on the Greek economy’s serious crisis. Brazil’s interim president Michel Temer is trying to avoid this situation at all costs.



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.