In a note on regional commercial banks, AlphaValue analysts flag that lenders in southern European countries have been amongst the better performers in terms of share price and P/BV. Spanish bank Sabadell is amongst their top picks.
The volume of property investment in Spain rose 9% to 9.2 billion euros in 2017 from a year earlier. This represents a two percentage points increase on the growth registered in Europe as a whole over the same year, according to Savills Aguirre Newman.
John Bruton (Fair Observer) | The decision to opt for Brexit was based on a deep-seated wish to assert an English sense of identity.
Robust economic growth in France in 2017, coming in at 2%, helps ease the restrictions on public finances. The other point worth noting is that the government must use surplus income, or what is known in France as the ‘funding pot’, to rebalance public finance rather than embark on fresh spending measures if it really wants to prove its commitment on public finances.
Is the fact that the state owns a stake in a company, with the corresponding voting rights, an obstacle for it or not? AlphaValue has arbitrarily established the level of 15% as a sufficiently big enough quota to be able to offer an opinion about the strategy which may not coincide with the best interests of other shareholders.
Shares in Siemens health division, Healthineers, made their stock market debut last Friday (delayed due to technical problems) at 28 euros each, closing at 30,20 euros, implying a revaluation of close to 8%. They are trading at 32,04 euros/share today, Wednesday.
The party for Brexit, or more like the wake, has begun and the first victims are some of the most well known brands on the high street.
The almost unanimous wish of the Gibraltarians to remain in the UE makes it difficult for them to fit into Brexit. There are proposals which will benefit everyone, and are far removed from the threats. The Real Instituto Elcano proposes following the models of Andorra and the Islands of Man, Jersey and Guernsey.
Nick Malkoutzis via Macropolis | Much of the attention (domestically, at least) regarding the Greek programme has been on whether a precautionary credit line is needed or not. This has obscured other important elements that need to come together if the country’s third bailout is to be wrapped up promptly and successfully (to the extent this is possible) before it expires on August 20.
If I haven’t got the wrong end of the stick, Italy plans is to create a parallel currency to the euro, guaranteed by the Italian government, but which I don’t know who will control. A Bank of Italy? The government would issue these BOT, endorse them with the BI, which would give it the money to be shared out amongst the unpaid creditors. It seems a lot like Helicopter Money.