Spanish stocks - Factors to watch on April 28
28/04/2020 07:16
April 28 (Reuters) - The following Spanish stocks may be
affected by newspaper reports and other factors on Tuesday.
Reuters has not verified the newspaper reports, and cannot vouch
for their accuracy:
SANTANDER SAN.MC
Spain's Santander posted an 82% year-on-year slump in
quarterly net profit on Tuesday as it booked higher provisions
for expected credit losses from the coronavirus outbreak. The
euro zone's second-largest bank by market value reported a
profit of 331 million euros ($358.11 million) for the first
quarter ended in March. urn:newsml:reuters.com:*:nL5N2CG0LP
BBVA BBVA.MC
German insurer Allianz ALVG.DE has struck a deal to invest
in the insurance business of BBVA, the companies said on Monday,
confirming an earlier report by Reuters. Allianz will buy 50%
plus one share of the joint venture for an initial 277 million
euros. urn:newsml:reuters.com:*:nL5N2CF6UA
INTERNATIONAL CONSOLIDATED AIRLINES ICAG.L
British Airways is planning to launch a consultation that
could result in cutting about 800 of its 4,500 pilot jobs, a Sky
News reporter tweeted on Monday. urn:newsml:reuters.com:*:nL3N2CF4Z8
IBERDROLA IBE.MC
Iberdrola is preparing to increase its presence in renewable
energy in Mexico with an investment of 6 billion euros in the
next ten years, Spanish newspaper El Economista reported on
Tuesday. The company plans to reach 8,000 MW of installed
capacity in 2030, from 1,000 MW now.
REALIA RLIA.MC
Realia reported a first quarter net profit of 3.9 million
euros compared to 5.0 million euros in the same period one year
ago. The group said it took on provisions of 1.82 million euros
as of March 31 to cover potential economic impact of COVID-19.
urn:newsml:reuters.com:*:nFWN2CF0RJ
CODERE CDRE.MC
The company said it will look for financing options to
improve liquidity by raising about 100 million euros in the
coming months. urn:newsml:reuters.com:*:nL5N2CG163
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($1 = 0.9243 euros)
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