Spanish stocks - Factors to watch on Feb 16

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 16 (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: REPSOL Spain's Repsol beat fourth-quarter adjusted net profit expectations on Thursday helped by high oil and gas prices. Separately, the company said it would propose to reduce share capital through redemption of 50 million own shares. GRIFOLS Spanish pharmaceutical firm Grifols plans to cut around 2,300 jobs, or 8.5% of its global workforce, amid a strategy overhaul aimed at reaching annual savings of around 400 million euros ($427 million), it said on Wednesday. Separately, Barclays raised the company "equal-weight" from "underweight" and raised its target price to 13.5 euros from 9 euros. ENAGAS The company said on Wednesday the closing of acquisition of 20% of BBL company won't take place as BBL shareholders exercised right of first refusal. ROVI The company released on Thursday data on the evaluation process to obtain marketing authorisation for Risvan in the United States. PHARMA MAR The company said on Thursday it closed recruitment for the Phase III Neptuno trial with plitidepsin for the treatment of COVID-19. TECNICAS REUNIDAS Tecnicas Reunidas said on Wednesday the National High Court ruled in favor of the company in its claim against the tax settlements for corporate tax during 2008-2011. INNOVATIVE SOLUTIONS ECOSYSTEM The company said on Wednesday its subsidiary Scytl was chosen by Elections Nova Scotia, Canada, as online voting provider. For today's European market outlook double click on .


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