Top Stories

Search Results for ten lost months

Acerinox

Ibex, Markets 25th July 2017

Acerinox Stuck With No Investment Proposition; Target Price From €14 To 10.50 €

The metal industry is not performing well on the stock exchange in current year due to lower expectations about the US infrastructures investment plan and fears of contraction in China’s growth. Specifically, Acerinox has dropped around 14% in the last three months, while in the whole year lost near 5%. Analysts have been supporting the company with a recomendation of “hold” and buy”, but Citi has broken the tendency by downgrading to “sell” and cutting target price to €10.50 from previous €14.

interest rates

Markets 11th July 2017

The Convergence Of Interest Rates After Euro Crisis

The fact the German bund (as well as the French bond) continue to offer significant yield differentials compared with the US bond, shows us we have not yet returned to complete interest rate normality after the euro crisis. But, since Macron’s elections as the President of France, the doubts over the irreversibility of the euro are dissipating.

UK conservatives

In Europe 5th May 2017

Four Reasons to Doubt UK Conservatives Will Win In Landslide

David Downing via Atlantic Sentinel | Last week marked the last prime minister’s questions before the British election in June and seems a good place to examine the reasons Theresa May might be less secure that she seems. While her Conservative Party is 21 points ahead of Labour in the polls — its biggest lead in almost a decade — there are four reasons to doubt it will stay there.

world growth

World economy 10th April 2017

Global Economic Growth Is speeding Up: Outlook And Risks

Enric Fernández (Caixabank) | The forecasts of the vast majority of analysts and international organisations point to an acceleration of global GDP growth in 2017. At CaixaBank Research we are predicting a growth rate in real terms of 3.4%, three tenths of a percentage point above last year. The improvement will be extensive for all the advanced economies (which we expect to grow 2%) as well as for the emerging markets (+4.5%)

Gamesa

Ibex 7th April 2017

Gamesa’s timely merger

Eight months ago Carax-Alphavalue held the view that Gamesa was fully priced ahead of it falling into the Siemens bag. This opinion proved correct only for the following two months. Another six months on and the Spanish wind-turbine manufacturer is looking decidedly expensive at €21.5, even though they have upgraded their target price on the back of a strong 2016 delivery.

Downward pressure on growth and job creation

Spanish economy 9th March 2017

Why Are Experts Making Upward Revisions To Their Spanish Economic Forecasts?

The leading research departments have begun to make upward revisions to their forecasts for the Spanish economy in 2017 and 2018. The GDP figures confirm that our economy did not lose momentum in the final part of 2016 (in the end GDP grew 3.2% for the year as a whole). And the indicators on activity and confidence at the start of 2017 show a slight acceleration. The good performance from the labour market, and Spain’s competitive exports, will be key growth drivers.

Hermann Simon, chairman of Simon-Kucher

Interviews 14th February 2017

“Spanish industry does very little to promote a dual training system adaptable to the needs of today”

“…One of the reasons for the high level of youth unemployment in Spain has to do with the fact that companies hardly get involved in the dual training system,” explains Hermann Simon the chairman of Simon-Kucher, the preferred consultancy firm of the “hidden champions,” those German mid-cap companies which compete globally. “Spain’s level of innovation is very weak…the whole country cannot live just off tourism services.”