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Indra shares fall 2.93% amid doubts over Ángel Escribano’s future as chairman

Alphavalue/Divacons | Shares in the Spanish IT services and consultancy firm fell by 2.93% on Monday. The market is reacting to doubts over Ángel Escribano’s continued tenure as chairman, following confirmation last Thursday that Escribano Mechanical and Engineering (EM&E) was withdrawing from the merger with Indra (IDR), whilst retaining Escribano at the helm of the firm. Ángel Escribano’s future as the company’s chairman remains shrouded in uncertainty after he was…

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Transition session towards next week, when activity should return to normal after Christmas

Rentra 4 | European markets open lower (Eurostoxx futures -0.40%, S&P 500 futures +0.45%) in the first session of the year, with the main European and American indices very close to historic highs. At the macro level, we highlight the publication of the final manufacturing PMIs for December: Germany (47.7 estimated and preliminary versus 48.2 previously), France (50.6 estimated and versus 47.8 previously), Eurozone (49.2 estimated and preliminary versus 49.6…