Record Slump In Popular’s Share Price

It will be difficult for Banco Popular’s shareholders to forget the date May 26th. The bank’s share price plummeted over 26%, the biggest fall in its history, after it announced plans for a 2.5 billion euros capital increase. It will also temporarily suspend paying a dividend.

Reflections are seen on a logo of Spain's telecommunications giant Telefonica in Madrid

Telxius: A Companion For Cellnex In The Spanish Stock Market

Fernando Rodríguez | Telxius Telecom, Telefonica’s new telecommunications’ infrastructure subsidiary, will build and manage Marea, the subsea cable across the Atlantic that Facebook and Microsoft will run from Virginia Beach in Virginia to Bilbao in Spain. The announcement comes at exactly the right time as Telxius’ IPO is about to happen on 2nd June. Analysts consulted by The Corner believe this will go down well with investors. It will also be a companion for Cellnex Telecom, as another representative from this sector in the Spanish stock market.


Should Banks Be The Cheapest Sector In The World?

UBS | With 1Q16 results over it is time to take stock. European banks are down 18% YTD against a market 5% lower, with continuing hair-raising volatility in parts of the banks index. Our estimates changed surprisingly little during results: interesting considering the bearishness of many investors we meet.

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Sicavs Are Starting To Pack And Leave Spain

Fernando Barciela and F.G. Ljubetic | So finally, the urban legend which was created around Spanish Sicavs is beginning to have the results everyone expected; namely that their owners have either begun to close them down, put the brakes on their investments or even consider the possibility of moving to more temperate climes to be found in locations like Luxembourg, Geneva or London.

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