Markets

Mapfre

Mapfre doubles its gross premiums written in US with acquisition of Safety Insurance Group for €1,352 million

Report by Renta 4 Mapfre has reached an agreement, through its subsidiary Mapfre USA, to acquire 100 per cent of the share capital of Safety Insurance Group, a US non-life insurer. Safety Insurance Group holds a leading position in Massachusetts and has a presence in other north-eastern states. The transaction is valued at $1.542 million (€1.352 million), will be paid entirely in cash and implies a price-to-earnings ratio (P/E) of…


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Commerzbank open to negotiating its takeover by UniCredit

The growing shareholder support secured by the Italian bank makes it necessary to initiate a “constructive and transparent” dialogue. Reported by the Consejeros Editorial Team After months of trying to resist, Commerzbank has agreed to open talks with UniCredit regarding a potential takeover. The growing shareholder support secured by the Italian bank makes it necessary to initiate a “constructive and transparent” dialogue to protect the interests of shareholders, employees and…


Plata

Silver price plummets

Silver is trading today at $51 per ounce. At the end of January this year, following a dizzying rally that began in late 2025, the spot price of silver soared to an all-time high of $121.67 per ounce. The fall exceeds 55 per cent in six months. By Consejeros Editorial Team Silver is trading today at $51 per ounce. At the end of January this year, following a dizzying rally…


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Stock markets fall on oil prices and ECB meeting: Ibex 35 drops 1.55% to close at 19,267 points

Singular Bank reports The main European indices closed with losses of over 1 per cent, on a day marked by a clear shift towards risk aversion. The sharp rise in oil prices and tighter expectations regarding central banks weighed on equities, causing the Euro Stoxx 50 to fall by 1.7 per cent and the Ibex 35 by 1.6 per cent. As European markets closed, selling pressure intensified in the US…


Iberdrola

Iberdrola acquires 80 stake in, Finland’s largest electricity operator, Caruna Group, for €2,014 million

Reported by the Consejeros Editorial Team Iberdrola has signed a sale and purchase agreement with Suomi Power Networks, controlled by the Ontario Teachers’ Pension Plan (Canada) and the KKR fund, for the acquisition – direct or indirect – of 80 per cent of the share capital of the company that holds 100 per cent of the shares in two Finnish concessionary companies, “Caruna Oy” and “Caruna Espoo Oy”, which together…


tipos interes

Neuberger: A story of real interest rates

The firm believes that, despite the impact of the rise in real interest rates on fixed-income markets in the coming quarter, the credit market may continue to show resilience as long as growth remains robust and inflation stays under control. Report by Neuberger Movements in interest rates this year have been driven primarily by the rise in real interest rates rather than by an increase in inflation expectations. Real interest…


Ibex New2

Corporate results drive stock markets: Ibex 35 rises by 1% to close at 19,571 points

Report by Singular Bank The main European indices closed the session with widespread gains, buoyed by an earnings season that continues to surprise on the upside. The Euro Stoxx 50 rose by 0.5 per cent and the Ibex 35, in line with the main European markets, rose by 1 per cent. In the United States, at the close of European trading, performance was more subdued. The S&P 500 was virtually…


Telefonica Prosegur

Renta 4 values Telxius, submarine cable owned by Telefónica and Pontegadea, at 10 times 2025 EBITDA

Both partners have asked JP Morgan and Guggenheim to find a buyer for a business that the market values at around €1,200 million. This figure implies a multiple below the double-digit levels paid for other telecoms infrastructure assets. The discount is thought to stem from exposure to Latin America. Report by Renta 4 Telefónica and Pontegadea are reported to have begun the process of exploring the sale of the submarine…


Iberdrola edificio

Iberdrola receives two international awards for its approach to green finance and sustainability

Reported by the Consejeros Editorial Team The company has been recognised as the leading corporate issuer of green, social and sustainable bonds at the 2026 Global Capital Bond Awards and, at the same time, has been named Europe’s most sustainable electricity company at the 2026 World Finance Sustainability Awards. The GlobalCapital Bond Awards are the only awards dedicated exclusively to international bond markets, and the winners are chosen by market…


ibex

IBEX 35 and Euro Stoxx 50 fall by 0.1% at start of week

Report by Singular Bank European stock markets closed the session with widespread losses, weighed down by rising oil prices and with all eyes on this Thursday’s ECB meeting. The IBEX 35 fell by 0.1%, and the Euro Stoxx 50 dropped by 0.1%. At the close of European trading, Wall Street, by contrast, was showing some gains. Tensions in the Middle East intensified over the weekend, with reports of further air…