Spanish stocks - Factors to watch on May 5

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 5 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:


CAIXABANK Spain's Caixabank said on Friday its net profit rose 21% in the first quarter from the same period in 2022 thanks to a strong increase in lending income and a solid performance of its insurance business. ACCIONA Acciona said on Thursday it had been picked to develop a water management strategy for the Spanish Olympic Committee. INTERNATIONAL AIRLINES GROUP Owner of British Airways and Iberia, IAG, lifted its 2023 profit forecasts on strong travel demand for the summer and after its first-quarter performance beat expectations, helped by a lower fuel price. APPLUS Apollo and Apax are among private equity firms interested in a potential takeover of Spanish industrial testing company Applus Services, people familiar with the matter told Reuters. The company confirmed it had received non-binding expression of interest from investors it did not identify. INMOBILIARIA DEL SUR Inmobiliaria del Sur said on Thursday its first-quarter net profit fell to 200,000 euros ($220,840.00). ORYZON The company said on Thursday the Swiss funding firm Nice & Green applied for new bond conversions for 1.6 million euros
($1.77 million). GRIFOLS Citigroup cut its target price to 22.3 euros from 30 euros. For today's European market outlook double click on .


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