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Spain's Colonial turns to profit, cautious on European real estate

UPDATE 1-Spain's Colonial turns to profit, cautious on European real estate Adds quote from CEO, guidance, shares year-to-date and context By Matteo Allievi and Javi West Larrañaga July 30 (Reuters) - Spanish real estate group Inmobiliaria Colonial COL.MC turned to profit in the first half of 2024 as the value of its assets started rising again, but it remains cautious on the short-term outlook while interest rates remain high, it said on Tuesday.
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Top of the Street: Nestle, Anglo American, Bureau Veritas

BUZZ-Top of the Street: Nestle, Anglo American, Bureau Veritas A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Deutsche Bank downgrades Nestle NESN.S to "hold" from "buy", saying the world's biggest packaged food company went "a cut too far" as it trimmed its sales growth outlook on Thursday ** UBS raises British miner Anglo American AAL.L to "buy" from "neutral" as it sees better risk/reward ratio after the stock fell enough following BHP's BHP.AX offer
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Merlin Properties ABB Priced At EUR 9.80 Per Share, Bookrunner Says

BRIEF-Merlin Properties ABB Priced At EUR 9.80 Per Share, Bookrunner Says July 24 (Reuters) - BLOCKTRADE-MERLIN PROPERTIES ABB - PRICED AT EUR 9.80 PER SHARE, BOOKRUNNER SAYS Source text for Eikon: [ID:] Further company coverage: MRL.MC
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Spanish stocks - Factors to watch on July 24

Spanish stocks - Factors to watch on July 24 July 24 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: IBERDROLA IBE.MC Iberdrola said on Wednesday it will pay a gross supplementary dividend of 707.4 million euros ($767.32 million) on July 29. nFWN3JF2DP BANCO SANTANDER SAN.MC Spain's Santander on Wednesday said its second-quarter net profit rose 20% ye
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Merlin Informs On Pricing Of Accelerated Placement Of New Shares

BRIEF-Merlin Informs On Pricing Of Accelerated Placement Of New Shares July 24 (Reuters) - Merlin Properties MRL.MC : SAID ON WEDNESDAY IT HAD SET FINAL TERMS AND CONDITIONS OF SHARE CAPITAL INCREASE NUMBER OF NEW SHARES TO BE ISSUED: 94.0 MLN NEWLY ISSUED SHARES NOMINAL AMOUNT OF CAPITAL INCREASE: 94.0 MLN EUROS EFFECTIVE AMOUNT OF CAPITAL INCREAS
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Merlin Properties To Carry Out Capital Increase Of Up To 94 Mln Shares

BRIEF-Merlin Properties To Carry Out Capital Increase Of Up To 94 Mln Shares July 23 (Reuters) - MERLIN Properties SOCIMI SA MRL.MC : ANNOUNCES CAPITAL INCREASE CAPITAL INCREASE WILL BE CARRIED OUT THROUGH AN ACCELERATED BOOKBUILD OFFER EXCLUSIVELY TO QUALIFIED INVESTORS APPROVES TO CARRY OUT SHARE CAPITAL INCREASE OF UP TO 94.0 MLN NEW ORDINARY SH
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Spain's Merlin turns to profit as business shifts to warehouses from malls

Spain's Merlin turns to profit as business shifts to warehouses from malls By Matteo Allievi July 22 (Reuters) - Spain's real estate group Merlin Properties MRL.MC returned to profit in the first half of the year as interest rates plateaued and it continued to shift its business to warehouses and data centre from malls amid a surge in e-commerce. "Logistics - which currently accounts for less than one fifth of Merlin's rents - will little by little compete with shopping centres for becoming the
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Spanish stocks - Factors to watch on July 22

Spanish stocks - Factors to watch on July 22 July 22 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: GRIFOLS GRLS.MC The Spanish drugmaker said on Friday it had appointed Morgan Stanley and Goldman Sachs as financial advisors for potential Brookfield's takeover bid.
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Merlin Properties H1 Net Result Turns To Profit Of 132.8 Mln Euros

REFILE-BRIEF-Merlin Properties H1 Net Result Turns To Profit Of 132.8 Mln Euros Corrects typographical error in the headline, adds link to correct source text July 22 (Reuters) - Merlin Properties MRL.MC : SAID ON FRIDAY H1 GROSS RENTS 248.2 MILLION EUROS VERSUS 237.8 MILLION EUROS YEAR AGO H1 IFRS NET PROFIT 132.8 MILLION EUROS VERSUS LOSS OF 47.5
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Merlin Properties shares fall on reports of potential capital increase

BUZZ-Merlin Properties shares fall on reports of potential capital increase ** Merlin Properties MRL.MC shares fall almost 3% after Spanish newspaper El Confidencial reported that the board of director's group is meeting at the end of this week to likely launch a capital increase of 1.0 billion euros ($1.09 billion) to invest in the construction of
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TAG Immobilien tops STOXX Real Estate index after DB upgrade

BUZZ-TAG Immobilien tops STOXX Real Estate index after DB upgrade ** Shares in TAG Immobilien TEGG.DE rise as much as 6.2%, topping pan-European STOXX 600 Real Estate sub-index .SX86P , after Deutsche Bank upgrades the German group to "buy" from "hold" ** DB analyst Thomas Rothaeusler says sentiment in the European real estate sector has "clearly i
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BNP Paribas, Renault, Soitec

EUROPE RESEARCH ROUNDUP-BNP Paribas, Renault, Soitec May 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BNP Paribas, Renault and Soitec, on Wednesday. HIGHLIGHTS * BNP Paribas BNPP.PA : HSBC raises target price to EUR 90 from EUR 73 * Darktrace Plc DARK.L : Northland Capital cuts to market perform * Mitchells & Butlers MAB.L : HSBC raises target price to 345p from 320p * Renault RENA.PA : Goldman Sachs raises to buy from neutra
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Spanish stocks - Factors to watch on May 17

Spanish stocks - Factors to watch on May 17 May 17 (Reuters) - 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: BBVA BBVA.MC Spain's BBVA is selling about 300 branches as the lender shifts to digital offerings, according to Bloomberg.
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Merlin Properties Q1 Net Profit Down At 64.8 Mln Euros YoY

BRIEF-Merlin Properties Q1 Net Profit Down At 64.8 Mln Euros YoY May 17 (Reuters) - MERLIN Properties SOCIMI MRL.MC : SAID ON THURSDAY Q1 NET PROFIT 64.8 MILLION EUROS VERSUS 66.2 MILLION EUROS YEAR AGO Q1 GROSS RENTS 124.2 MILLION EUROS VS 119.2 MILLION EUROS YEAR AGO Q1 EBITDA 93.6 MILLION EUROS VS 90.4 MILLION EUROS YR AGO EPRA NTA 15.20 EUROS P
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Merlin Properties Appoints Jose Luis de Mora As Chairman

BRIEF-Merlin Properties Appoints Jose Luis de Mora As Chairman May 17 (Reuters) - Merlin Properties MRL.MC : SAID ON THURSDAY IT HAD ACCEPTED AND APPROVED RESIGNATION OF JAVIER GARCIA-CARRANZA BENJUMEA AS MEMBER OF ITS BOARD OF DIRECTORS OF (AND CHAIRMAN OF SUCH BODY) APPROVED APPOINTMENT BY CO-OPTATION OF JOSE LUIS DE MORA GIL-GALLARDO, WITH CATEG
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