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Spanish Stocks - Factors To Watch On Friday

Source: Reuters - Fri 21st Jan 2011

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:


Representatives of China Investment Corporation are visiting Spain next week to analyse investment opportunities, and are meeting BBVA and savings bank La Caixa, newspaper ABC reported citing financial sources, as a reform of Spain's savings banks continues apace.


Unlisted insurer Mutua Madrilena has sold 0.6 % of Repsol and 1 % of builder Sacyr, newspaper Expansion said.


Spain's smallest blue-chip bank, Bankinter, will book a 36 % fall in year net profit on Friday, a Reuters poll predicted, brought lower by higher financing costs and greater provisions against bad loans.


Three global wind farm companies stepped up their commitment to Britain's growing renewable energy industry on Thursday by announcing plans to build factories and research centres, creating up to 1,400 jobs.

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