As part of its strategic plan for 2018-2021, Aena’s board of directors has approved shareholder remuneration equivalente to an 80% pay-out on net profit in 2018, 2019 and 2020. The board could change this policy in the event of exceptional circumstances arising.
According to Colombia’s Stock Market, Gas Natural has agreed to sell the 15.46 million shares, or 41.89% stake, which it stills holds in its Colombian retail distribution unit Gas Natural ESP. With this move, the Spanish firm will complete its exit from Colombia.
Lukas Daalder (Robeco) | Investors are making the mistake of focusing on 3%, believing the returns on US fixed income securities augur a decline in equities
The management team at Bankia recently unveiled a three-year business plan which forecasts a strong improvement in profitability, with ROTE (based on a 12% CET1) reaching 11% in 2020.
European companies face the challenge of failing due to the competition from Asia, but it’s a fact that they constantly invest more than their annual depreciation, 20% more to be precise. And if we analyse the hierarchical order by countries, Italy is not exactly lagging behind. Neither is the UK.
The European leveraged financial markets have an increasing attraction for investors seeking more risk. According to data from Moody’s, the new volumes of issuance of European Collateralized Loan Obligations (CLOs), one of the main sources of demand for leveraged loans, stand at 6.4 billion euros in the year to date. At this rate, it will exceed the annual figure for 2017 of 18.8 billion euros, which was the highest in the last 10 years.
Inditex has opened its first store in the world with an integrated online section in Stratford (London). Apart from the traditional clothing lines for men, women and children, the store also has an online section with computerised collection points for goods.
In a conference by Miguel Fernández Ordóñez, Governor of the Bank of Spain from 2006 to 2012, at the Ramón Areces Foundation in Madrid, he tried to find out whether, within the technology-generated changes, there is one that is “disruptive”, that can produce a radical change in the banking activity of such importance that, as is happening with other industries, it forces private banks to transform themselves into companies very different from those that exist today.
Morgan Stanley | The increase on the demand side, with inventories at 5-year minimums and the new martime transport regulation, leads us to raise our forecasts for oil prices to $90 in Q1 2020.
Private equity fund Blackstone and Banco Santander have injected 300 million euros in the property fund in which both have a stake. The alliance is a mix of societies under the umbrella of parent company Project Quasar Investments 2017, which includes what was previously Banco Popular’s real estate portfolio. Its gross assets are valued at 30 billion euros, with a net value of 10 billion.