Tubos Reunidos' share price declines by 40%

Tubos Reunidos drops 40% in two days because PWC casts doubts on its capacity to continue operating

The share price of Spanish Tubos Reunidos, manufacturer of tubular steel, has accumulated declines of 40% since the auditor’s report from PWC, publised on March 13, said the following: “significant deviations in the key measures and hypothesis of the plan (…) point to a basic uncertainty which may create important doubts about the Group’s capacity for continuing to operate.”

Metrovacesa's return to market

Metrovacesa Chooses A Bad Day To Return To The Market

Amidst the market turbulence of the last few days, Metrovacesa  returned to the stock exchange through the back door. Between the fact that its share offer was already somewhat jinked (after it was forced to reduce the price due to a lack of investor appetite) and that yesterday’s session was dominated by fear, the property firm’s shares fell 3% on their debut.