ACS To Build Europe’s Biggest Photovoltaic Plant In Murcia
ACS, via its Cobra subsidiary, will build a photovoltaic plant in Mula (Murcia) with 500 megawatts of power which will become the biggest in the whole of Europe in terms of its size.
Markets
Bankia’s New Strategic Plan: Focused On Improving Shareholder Remuneration
Bankia’s 2018-2020 strategic plan is forecasting a significant increase in profits, the distribution of nearly half of these profits to shareholders and improvments in various profitability and efficiency measures.
Ferrovial’s Services Division Also Breaks Into US Market Thanks To Broadspectrum
Ferrovial has succeeded breaking into the US market with its services division as well, thanks to the business Broadspectrum has brought it in that country. It bought Broadspectrum two years ago in Australia.
Equities vs bonds: buy real returns
One factor that could alter the judgement on current stock market prices are long-term interest rates, indicators of the alternative no-risk returns to the stockmarket, which are not fixed directly by the central banks but by the market itself.
Viscofan Buys A Canadian Company For $2 million
Viscofan, the Spanish manufacturer and distributor of casings for meat products, has announced the acquisition of 100% of Transform Pack Inc from a group of private investors and the province of New Brunswick (Canada) for $2 million in cash.
Company Share “Buybacks” – A Plague On Wall Street
There is a habitual practice on Wall Street of companies buying their own shares to reward shareholders who hold them, and at the same time give a bonus to top executives. The advantage of these share buybacks is that they are not taxed.
Repsol gets out of Gas Natural after over 20 years: agrees on sale of its 20.07 % stake at €19/share
Repsol has reached an agreement to sell its 20.072% stake in Gas Natural to Rioja Bidco Shareholdings, a company owned by funds advised by CVC. The sale price was 3.8 billion euros and the transaction will provide the oil company with approximately 400 million euros of capital gains.
US Means Over 50% Of Global Market Cap, But Not 50% Of The Opportunities
The collapse in the “greed index”, the exchange traded note XIV that was an inverse of the VIX, was behind the speed and magnitude of the drawdown in equities over last weeks, but was simply amplifying an existing fragility that has grown out of the post GFC obsession with low volatility. This is just “market mechanics”, as explained by Mark Tinker Chief Economist at AXA IM Framlington Equities Asia in one of his last notes.
Iberdrola Posts Net Profit Of €2.804 Bn (+3,7%); Positive Impact Of €1.284 Bn From US Tax Reform
Iberdrola reported net profit of 2.804 billion euros in 2017, up 3.7% from a year earlier. Consolidated EBITDA fell by 7.8% to 7.318 billion euros last year. The results were impacted by the US tax reform and difficult operating conditions in Spain.
Repsol’s Challenges: the Sale Of Its Gas Natural Stake And A Downward Correction
Repsol’s sale of a 20% stake Gas Natural to CVC is near to being closed. The current value at market prices of 20% of Gas Natural is 3.708 billion euros. Furthermore, the stock has fallen nearly 6% in the year due to last markets turmoil. After its recent downward correction, Repsol’s stock price is back at an advantageous entry level.