Spanish stocks - Factors to watch on Feb 2

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 2 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX Fashion giant Zara has started charging shoppers in Spain for returns of online purchases, the company announced on Wednesday, though store returns remain free. SANTANDER Spain's Santander said on Thursday its fourth-quarter net profit rose 1% from the same period in 2021 as rising revenues from lending offset higher provisions set aside anticipating an uncertain economic environment. French newspaper Les Echos reported on Wednesday that Santander and U.S. private equity fund Cerberus were considering a bid for Orange Bank, which has 2.6 million clients. Santander was not immediately available for comment. SIEMENS GAMESA Beleaguered wind turbine maker Siemens Gamesa, soon to be delisted and integrated by parent Siemens Energy, on Thursday said its first-quarter net loss more than doubled due to higher warranty provisions as a result of faulty components. BBVA Credit Suisse raises target price to 6.7 euros from 6.6 euros. RBC raises target price to 7.75 euros from 7.25 euros. Morgan Stanley raises target price to 8.2 euros from 7.7 euros. Berenberg raises target price to 6.8 euros from 5.8 euros. For today's European market outlook double click on .


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