RENTA 4 leaves Arcelor out of Big 5 investment portfolio and introduces OHL. The steel company performed well recently compared to Ibex whereas analysts prefer to take advantage of the latest drops of building business OHL. Therefore, the Big 5 are BBVA, DIA, Inditex, OHL and Repsol. This portfolio yield was 17.57% in 2013.
BNP PARIBAS/CORTAL CONSORS. European peripheral countries fiscal consolidation efforts are bringing important benefits for risk premiums and debt issuance conditions. Besides, recovery rhythm will boost tax income, making target meeting easier.
LINK. Telefónica will pay cash dividend by €0.40/share on May 7. Besides, the company announced the progress in negotiation with European Commision in order to get its approval for acquisition of German KPN division E-Plus. EU Commissioner for Competition Joaquín Almunia has the final say.