Broker Spain Latest Information

Broker Spain Latest Information

Greek political turmoil, chaos for Spain’s banks shake eurozone’s foundation and future
Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe’s economy remains after an eviscerating austerity regime that has spawned unemployment, desperation and misery. And there is no respite in sight, as Germany’s finance minister predicted Friday that the crisis could last up to another two years.

FTSE ends lower on Greece, Spain worries
London shares closed sharply lower on Thursday as worries spiked over the eurozone debt crisis that is plaguing Greece and now circling Spain.

Broker snap: JP Morgan downgrades Bankia ahead of government intervention
JP Morgan has downgraded Spanish banking group Bankia, which is now in the spotlight as it faces government intervention, from neutral to underweight and slashed its price target from €3.50 to €1.70.

London open: Markets cautious early on, Spain in focus
- Aberdeen leads risers after solid first half - Randgold falls after broker downgrade - Spain focus ahead of Thursday's bond auction

Broker snap: Lacklustre Santander
Some analysts do not appear too convinced about the first quarter results presented by Banco Santander in spite of higher than expected top-line figures.

Spain to approve new financial reform
(05-11) 03:27 PDT MADRID, Spain (AP) -- The Spanish government was expected to unveil a new reform package for its troubled banks Friday in a desperate bid to convince investors that the sector is solvent and the...

Broker snap: Revenue trends at Sage disappoint, says Merchant Securities
Sage's interim results were broadly in line with expectations but raised some questions over revenue growth, according to Merchant Securities which has reiterated its hold recommendation and 300p target ...

Broker snap: Credit Suisse lowers target for ACS
Credit Suisse has reiterated an underperform rating for Spanish construction group Actividades de Construcción y Servicios (ACS) and cut its target price from 13 euros to 11 euros mainly due to the recent ...

Broker snap: No surprises at Imperial, says Jefferies
Jefferies has maintained its hold recommendation and 2,230p target price for cigarette manufacturer Imperial Tobacco following the group's in-line first-half results announced this morning.

Spain nationalizes No. 4 bank as crisis deepens
Associated Press (AP) Spain's government says it will take control of the country's fourth largest bank and effectively nationalize it to shore up the nation's hurting …

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