Posts tagged 'Banco Popular'

So Popular it just can’t stop buying itself

David joined the FT in 2011 as a Marjorie Deane fellow. He covered emerging markets, equities and currencies before making the jump over to FT Alphaville in May 2012.

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| Nov 12 2012 16:35 | Comment |

Spain’s Popular bank has got backing for a €2.5bn rights issue. But here’s the thing we think deserves a touch more attention — in the run up to the rights issue, Popular once again ramped up its holdings of its own shares, from 0.588 per cent in July to 3.979 per cent on the second of November (data here). We still find this odd…

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Who can (or cannot) cut it

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Oct 27 2011 09:45 | Comment |

Europe’s banking industry is rushing to declare whether they’ve made the EBA cuts or not.

Here’s a running list of the statements we’ve seen so far: Read more

Banco Popular profits plunge

| Jul 28 2010 04:12 | Comment |

Banco Popular on Tuesday became the first Spanish bank to publish results since last Friday’s European stress test results, unveiling a 31% annual drop in Q2 net profits, reports the FT. Q2 profits at Spain’s third-biggest listed bank were €150.5m, against €217.8m a year earlier, taking the first-half total to €354.6m, down nearly 20% on the 2009 first-half and slightly below forecasts. Read more

Spanish, Portugese banks slide

| Feb 04 2010 05:37 | Comment |

Spanish and Portuguese banks plunged in late trade on Wednesday, ending a three-day rally of European shares, amid rising concerns about eurozone’s peripheral countries. The cost of insuring debt against default for Portugal, Greece and Spain rose after Portugal’s debt agency IGCP cut its planned treasury bill placement to €300m from €500m. Banco Espirito Santo de Investimento in Portugal lost 7% as 10-year Portuguese bond spreads widened over German bunds. Spain’s Banco de Valencia and Banco Popular also slid. Read more

Short-seller cuts Banco Popular

| Jan 27 2010 04:46 | Comment |

New York-based hedge fund Tiger Global Management sharply cut its short position in Banco Popular shares four days before Spain’s third-largest listed bank reported better-than-expected 2009 earnings and predicted “a gradual return to normality” this year. Shares in the bank, which announced a 27% yoy fall in net profit for 2009 to €766m, rose more than 6% after the announcement. Read more

Snap news

| Sep 10 2009 07:40 | Comment |

 Breaking pre-market news on Thursday,

- Thomas Cook share placing priced at 240p-245p a share – Reuters. Read more

Investors eye stake in Banco Popular

| Jun 24 2008 05:29 | Comment |

Shares in Banco Popular rose more than 4% on Monday after an unidentified group of investors, believed to be from Mexico, said they were looking to buy a 20% stake in Spain’s third-largest listed bank. Blueprime, a UK-registered entity acting on behalf of the consortium, said it had already agreed the purchase of a 3.5% holding in the bank from Trinitario Casanova, a Spanish property developer. The acquisition, at €14.20 a share, is conditional on Blueprime securing options on at least 20% of the equity. The offer price represents a 50% premium over Friday’s stock market close and values the entire bank at about €17.5bn ($27.14bn). Read more