reports
- James Ratzer
Cellnex vs. Telefonica Cellnex (Buy, €34, +32%) Telefonica (Reduce, ...
On Wednesday, we published our European Telecoms Year Ahead note for 2026. In that note, we upgraded Cellnex to a Buy, as we think the market’s worst fears on growth are overdone, and we downgraded Telefonica to a Reduce, as we fear the low cashflow growth outlook is not being properly priced in. However, in that sector report, we missed out one important aspect to back up this diverging view of value and we now highlight that here.
- Ben Rickett
- James Ratzer
- Russell Waller
Cellnex (Buy, €34, +34%) Inwit (Buy, €11.8, +56%) Both upgraded to BU...
Yesterday, we published our sector lookahead for EU telecoms names for 2026. There is a lot of material in the report, but as part of the review, we upgraded Cellnex and Inwit to Buy for the first time since 2017 and 2023 respectively.
Appointment of Laetitia Brun as Chief Human Resources Officer of the E...
Appointment of Laetitia Brun as Chief Human Resources Officer of the Eramet Group, member of the Executive Committee Paris, December 17th, 2025, 8:30am PRESS RELEASE Appointment of Laetitia Brun as Chief Human Resources Officer of the Eramet Group, member of the Executive Committee Eramet announces the appointment of Laetitia Brun as Chief Human Resources Officer of the Group, effective February 9, 2026. In this capacity, she will become a member of the Executive Committee. She will succeed Anne-Marie Le Maignan, who has decided to retire after twenty-two years dedicated to supporting...
Nomination de Laetitia Brun au poste de Directrice des Ressources Huma...
Nomination de Laetitia Brun au poste de Directrice des Ressources Humaines du Groupe Eramet, membre du Comité Exécutif Paris, le 17 Décembre, 2025, 8h30 COMMUNIQUÉ DE PRESSE Nomination de Laetitia Brun au poste de Directrice des Ressources Humaines du Groupe Eramet, membre du Comité Exécutif Eramet annonce la nomination de Laetitia Brun au poste de Directrice des Ressources Humaines du Groupe, à compter du 9 février 2026. À ce titre, elle deviendra membre du Comité Exécutif. Elle succédera à Anne-Marie Le Maignan, qui a décidé de prendre sa retraite après vingt-deux années consacrées ...
- Baptiste Salaville
- Jean-François Granjon
- Louis Boujard
- CFA
- Carole Braudeau
- Baptiste Salaville
- Jean-François Granjon
- Louis Boujard
- CFA
- Carole Braudeau
- Baptiste Salaville
- Olfa Taamallah
- Yan Derocles
- Baptiste Salaville
- Olfa Taamallah
- Yan Derocles
- Benoit Valleaux
- Steven Gould
- Benoit Valleaux
- Steven Gould
Ubisoft accélère sa croissance sur le marché en pleine expansion des M...
Ubisoft accélère sa croissance sur le marché en pleine expansion des MOBA en acquérant le jeu « March of Giants » d'Amazon UBISOFT ACCÉLÈRE SA CROISSANCE SUR LE MARCHÉ EN PLEINE EXPANSION DES MOBA EN ACQUÉRANT LE JEU « MARCH OF GIANTS » D'AMAZON Le jeu a été salué lors d'une phase de test alpha complétée avec succès, la prochaine mise à jour majeure est prévue en 2026 Les experts chevronnés à l'origine de March of Giants rejoignent Ubisoft et feront partie d'une future maison de création PARIS – le 15 décembre 2025 – Aujourd'hui, Ubisoft a annoncé l'acquisition des droits du jeu March of...
Ubisoft accelerates in fast growing MOBA market by acquiring “March of...
Ubisoft accelerates in fast growing MOBA market by acquiring “March of Giants” game from Amazon UBISOFT ACCELERATES IN FAST GROWING MOBA1 MARKET BY ACQUIRING “MARCH OF GIANTS” GAME FROM AMAZON Game Praised In Successful Closed Alpha Playtesting, Next Major Update Arrives in 2026 Seasoned Experts Developing March of Giants Are Joining Ubisoft, Will Become Part of Future Creative House PARIS – December 15, 2025 – Today, Ubisoft announced that it is acquiring the rights to March of Giants from Amazon. The talented, Montreal-based team behind the innovative multiplayer online battle aren...
- Research Department
IBERIAN DAILY 12 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CELLNEX, FERROVIAL, GRUPO SANJOSE, REPSOL, TELEFÓNICA, VIDRALA. The Ibex near 17,000 points European stock markets climbed near 1% yesterday after the Fed’s rate cut and despite doubts surrounding the technology sector after the poor reception of Oracle’s results. In the STOXX 600, Construction (that rallied after being the worst-performing sector last Wednesday) and Leisure, closely followed by Banks led the gains whereas Utilities and Energy were almost the only sectors ending w...
- Research Department
INFORME DIARIO 12 DICIEMBRE (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CELLNEX, FERROVIAL, GRUPO SANJOSE, REPSOL, TELEFÓNICA, VIDRALA. EUROPA: BNP PARIBAS. El Ibex enfila los 17.000 puntos Las bolsas europeas avanzaron ayer cerca de un 1% tras la bajada de tipos por parte de la Fed y pese a las dudas en las tecnológicas tras la mala acogida de los resultados de Oracle. En el STOXX 600, los mejores sectores fueron Construcción (rebotó tras ser el miércoles el peor sector) y Ocio seguido de cerca por los Bancos mientras...
Information sur les droits de vote et les actions au 30 novembre 2025
Information sur les droits de vote et les actions au 30 novembre 2025 Le 10 décembre 2025 Information relative au nombre total de droits de vote et d’actions composant le capital social Article 223-16 du Règlement Général de l’Autorité des Marchés Financiers Place de cotation : Euronext Paris Compartiment : Compartiment ACode ISIN : FR0000054470Site web : Information mensuelle au 30 novembre 2025(Articles L. 233-8, II, du Code de commerce et 223-16 du Règlement Général de l’Autorité des Marchés Financiers) DateNombre total d’actions composan...
Fnac Darty announces full buy-in of UK pension scheme
Fnac Darty announces full buy-in of UK pension scheme Ivry-sur-Seine, France, 10 December 2025, 7h45 FNAC DARTY ANNOUNCES FULL BUY-IN OF UK PENSION SCHEME Fnac Darty today announces that it has reached an agreement with the Trustee of the Comet Pension Scheme in the UK to fully insure the Scheme’s liabilities through a £330 million full buy-in with Canada Life UK. The transaction secures the long-term benefits of all Scheme members by transferring the financial risk associated with future pension payments to a highly rated insurer. This marks a major de-risking milestone for Fnac Darty, ...
Fnac Darty annonce la cession intégrale du fonds de retraite britanniq...
Fnac Darty annonce la cession intégrale du fonds de retraite britannique Ivry-sur-Seine, France, 10 décembre 2025, 7h45 FNAC DARTY ANNONCE LA CESSION INTÉGRALE DU FONDS DE RETRAITE BRITANNIQUE Fnac Darty annonce aujourd'hui avoir conclu un accord avec le Trustee du fonds de pension Comet au Royaume-Uni avec Canada Life UK pour assurer entièrement les passifs du régime via un buy-in intégral de 330 millions de livres. Cette transaction garantit les avantages à long terme de tous les bénéficiaires du régime en transférant le risque financier lié aux paiements futurs à un assureur de premie...
- Jean Danjou
- Marc Lavaud
- Thomas Zlowodzki
UHR SWATCH GROUP LTD. BEARER
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EL ESSILORLUXOTTICA SA
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01913 PRADA S.P.A.
MONC MONCLER SPA
INSD VERIMATRIX SA
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