IBERDROLA Spanish power company Iberdrola denied on Tuesday that it was looking into acquiring Germany's biggest utility, RWE , in a deal worth 31 billion euros ($34.12 billion) as earlier reported by local media. CAIXABANK CaixaBank said on Tuesday it placed a 1 billion euro senior non-preferred social bond to finance activities and projects that contribute to the fight against poverty, promote education and welfare, and foster economic and social development in the most disadvantaged areas of Spain. Separately, Credit Suisse set a "neutral" recommendation on the company's shares and with a target price at 4.4 euros. TELEFONICA Telefonica Brasil SA said on Tuesday its first-quarter net profit rose 11.3% from the year before, backed by the solid growth of its mobile operations. FERROVIAL Ferrovial said on Tuesday it won a contract for highway section improvement in the United States for 71 million euros. REPSOL Repsol said on Tuesday its purchase of a 50.01% stake in CHC Energia was approved by CIDE Servicios Comerciales' shareholders. FLUIDRA The company said on Wednesday its first-quarter net profit fell to 41 million euros from 75 million euros a year ago. Separately, it said on Wednesday it expects that simplification program generates EBITDA improvement of 100 million euros in next three years. ROVI Rovi said on Wednesday it expects its operating revenue in 2023 will have a low-double-digit contraction. GESTAMP AUTOMOCION Gestamp said on Tuesday its first-quarter net profit rose to 80 million euros compared to 45 million euros reported a year ago. NH HOTEL The stock market regulator CNMV lifted the trading suspension of NH Hotels shares after controlling company Minor International dropped a plan to buy outstanding shares at 4.50 euros. MIQUEL Y COSTAS & MIQUEL Miquel Y Costas & Miquel said on Tuesday its first-quarter net profit rose to 11 million euros from 7.9 million euros a year ago. VOCENTO Vocento said on Tuesday its net profit in the first quarter turned to loss of 9.2 million euros compared to a profit of 3.5 million euros last year. SANTANDER Credit Suisse set an "outperform" recommendation on the company's shares and with a target price at 4.7 euros. BBVA Credit Suisse set a "neutral" recommendation on the company's shares and with a target price at 7.2 euros. For today's European market outlook double click on .
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