MADRID | By Sean Duffy | Investors are expecting continued falls in the value of Greek bank shares and indeed the value of the Athens stock exchange. That is due to the fact that the new Government of Alexis Tsipras appears to be on a collision course with the country’s creditors, something that may spook investors in the weeks ahead should agreement not be forthcoming.
LONDON/MADRID | Financial conditions have relaxed for government debt and will ease the current adjustment applied over the public and private sectors. Trends among foreign investors point at an Ibex35 rally in 2013. On the macroeconomic horizon, though, there are some doubts still fresh.
MADRID | Bankia shares seem to have become a toy amid high volatility on the Madrid stock market index Ibex35. This week so far the entity suffered a -16.08 percent loss of price in two consecutive sessions, after the State fund for banking restructuring FROB announced that stockholders will be partially shouldering, too, the costs of the rescue of the bank with taxpayer money. Banco de Valencia stock fell by -23.8…
Some investors sell shares that they don’t actually hold but borrow under the expectation that prices will fall. If they are right, when they buy back, the stock comes at a cheaper cost than the amount they were paid for those same shares and so sellers can pocket the difference as a profit. A day after the Spanish financial regulator CNMV ruled a full suppression of these short selling practices over…
MADRID | Large Madrid-listed non-financial firms accumulate cash positions at year-end record, as data released Monday showed. A study by El País over the consolidated balance sheets of the 26 Spanish non-financial companies on the Ibex 35 unveiled that the corporations closed last year with €21.827 billion in cash and €18.344 billion more in cash equivalents. In total, €40.171 billion, to which it must be added undrawn credit lines. Spain’s most creditworthy companies,…
We will analyze the financial situation of CaixaBank after its re-organization, its results, assessment and prospects to determine whether this is an interesting investment opportunity in the long-term. Company Description CaixaBank was founded after the re-organization of La Caixa business, approved on 24th February by both Criteria’s and Caixa’s boards. The process ended on July 1st with the disappearance of Criteria, which had been the holding of the subsidiary of…