European airlines closed up FY 2025 with a rather good feeling as Q4 2025 results showed good cost control capabilities which had been their main tailwind over the past 2-3 years. While the outlook for FY 2026 was to pursue the overall good performance, the war in Iran has created a different scenario. Demand continues to hold up driven by the premium segment and across all geographies. European airlines have added new capacity to the routes to and from Asia to gain market share due to Gulf airl...
European airlines closed up FY 2025 with a rather good feeling as Q4 2025 results showed good cost control capabilities which had been their main tailwind over the past 2-3 years. While the outlook for FY 2026 was to pursue the overall good performance, the war in Iran has created a different scenario. Demand continues to hold up driven by the premium segment and across all geographies. European airlines have added new capacity to the routes to and from Asia to gain market share due to Gulf airl...
Geopolitical risk has resurfaced, but the nearterm impact on European listed real estate remains contained. Rising energydriven inflation and rates are driving greater dispersion and sharpening the focus on balancesheet quality, while MIPIM 2026 highlighted a pragmatic investor approach. In this report, we adjust target prices and refresh our top picks, removing CTP and adding Irish Residential REIT. Geopolitics and energy: duration matters more than headlines
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: IAG, INDRA. EUROPA: N/A Semana de fuertes caídas Las bolsas europeas cerraron la semana con pérdidas que rondaron el -3,5% (-2,0% en el caso del Ibex) tras los ataques a instalaciones energéticas en la guerra de Irán que provocaron fuertes repuntes en el precio del petróleo y el gas. En el STOXX 600, todos los sectores menos Energía (apoyado en la fuerte subida del precio del Brent) cerraron con pérdidas, lideradas por R. Básicos y Media. En Franci...
NEWS SUMMARY: IAG, INDRA. A week of sharp drops European stock markets ended the week with losses of around -3.5% (-2.0% in the case of the IBEX) after the attacks on energy infrastructures in the war in Iran, which led to heavy increases in oil and gas prices. In the STOXX 600, all the sectors except Energy (underpinned by the sharp rise in Brent prices) ended in the red, led by Basic Materials and Media. In France, the far-right party lost support in the second round of the local elections a...
A director at International Consolidated Airlines Group SA bought 5,000 shares at 4.000EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ov...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: BBVA, IAG, TELEFÓNICA. El crudo y las dudas en crédito privado lastran la confianza en las bolsas Aumentan las caídas en los índices europeos, con el S&P 500 jugándose el soporte de los 6.700 puntos. El Euro STOXX 50 tocó la referencia de los 5.750 puntos por las tensiones en Medio Oriente (el Brent volvió a los 99 d/b) y las preocupaciones sobre el crédito privado. En el STOXX 600, los mejores sectores fueron Químicas y Utilities mientras que Via...
NEWS SUMMARY: BBVA, IAG, TELEFÓNICA. Crude oil and private credit drag down stock market confidence European stock markets fell further, with the S&P 500 on the verge of falling below the 6,700 point support. The Euro STOXX 50 hit 5,750 due to the tension in the Middle East (Brent returned to US$ 99/barrel) and the concerns on private credit. In the STOXX 600, the best-performing sectors were Chemicals and Utilities, whereas Travel & Leisure and Banks suffered the biggest corrections. On the m...
NEWS SUMMARY: BBVA, NEINOR HOMES, REPSOL. Volatility reigns European stock markets were back in the red, with oil prices continuing to climb in a session marked by the growing tensions between Iran and the US/Israel. In the STOXX 600, Technology and Media led the advances, with Household Goods and Basic Materials showing the worst relative performance. On the macro side, in the euro zone January’s retail sales rose more than expected (YoY). The ECB meeting minutes welcomed the solid inflation ...
Neinor Homes successfully completes acquisition of AEDAS, reaching c.97% ownership and consolidates Spanish National Champion Neinor Homes successfully completes acquisition of AEDAS, reaching c.97% ownership and consolidates Spanish National Champion Madrid, 5 March, 2026 – Neinor Homes (“Neinor”), Spain’s leading listed residential developer, announces the successful completion of the acquisition of AEDAS Homes (“AEDAS”), having increased its ownership to 96.83% through the mandatory tender offer. In December 2025, Neinor acquired a 79.20% controlling stake in AEDAS through the voluntar...
Picard: sharp deleveraging in Q3 thanks to strong free cash flow despite slightly weaker sales|THOM Group: a more reassuring start to Q2, guidance maintained, strategic measures developed.|SoftBank Group will invest an additional $ 30bn in OpenAI|Airlines and Chemicals: potential impacts from the war in Iran|
Picard : solide diminution du levier au T3 grâce à un bon free cash-flow malgré un CA un peu faible|THOM : un début de T2 plus rassurant, guidances maintenues, mesures stratégiques développées|SoftBank va investir 30 mds USD supplémentaires dans OpenAI|Airlines and Chemicals: potential impacts from the war in Iran|
Neinor verzeichnet nach Abschluss der größten Fusion im spanischen Wohnimmobiliensektor der vergangenen zehn Jahre einen Nettogewinn von 122 Millionen Euro für das Geschäftsjahr 2025 MADRID, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Neinor Homes („Neinor“) hat das Geschäftsjahr 2025 mit starken operativen und finanziellen Ergebnissen abgeschlossen. Im Geschäftsjahr 2025 – ohne Berücksichtigung der Auswirkungen des Erwerbs einer 79,2-%-Beteiligung an AEDAS – wurden insgesamt 2.901 Wohneinheiten notariell beurkundet. Davon entfielen 1.891 Einheiten auf das vollständig konsolidierte Eigenportfolio u...
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