Latest news with #IBEX35
CNA
30-07-2025
- Business
- CNA
Spain's HBX slides around 20% after full-year guidance trim
Shares in Spanish travel technology firm HBX Group slid 20.3 per cent at the open on Wednesday and were on track for their worst day ever, after the group revised its full-year guidance as a result of the macroeconomic backdrop and a weaker U.S. dollar. The company downgraded its expected 2025 revenues to between 720 million and 740 million euros ($831-$854 million) from a previous guidance of 740 million to 790 million euros. It also revised down its total transaction value, now expected to grow by 6 per cent to 9 per cent instead of the 10 per cent to 16 per cent projected at the initial public offering in February. HBX, which buys hotel lodgings, car rentals and other products and resells them in bulk to travel agencies and retailers, said the conflict in the Middle East resulted in double-digit declines in destinations such as Saudi Arabia and Jordan. It also highlighted a 3 per cent drop in revenues in the U.S. as a result of the weaker currency and lower demand in the country. Operating in the travel tech sector, the company is particularly exposed to global dynamics. Fluctuations in travel demand driven by rising trade tensions, currency volatility or geopolitical uncertainty could directly affect its booking volumes and revenue outlook. After a lacklustre start on the Spanish stock exchange, shares in the company have failed to pick up and are now around 20 per cent lower than on their February debut, underperforming the Spanish blue-chip index IBEX-35, which has gained 23.6 per cent. HBX is not part of the IBEX. The group said in a trading update its revenues in the April-June period, the third quarter of its financial year, were up 3 per cent year-on-year. Earlier in July, analysts from Bank of America and Renta 4 said in separate notes that HBX had substantial upside potential, as the fragmented market it competes in should consolidate around the bigger players and smaller ones are set to be pushed out.
Yahoo
17-07-2025
- Business
- Yahoo
Banco Santander, S.A. (SAN) Is A European Bank That's Not A Loser, Says Jim Cramer
We recently published . Banco Santander, S.A. (NYSE:SAN) is one of the stocks Jim Cramer recently discussed. Banco Santander, S.A. (NYSE:SAN) is one of Cramer's favorite European and banking stocks. The shares have gained 89% year-to-date, and the CNBC host had started to express his optimism in January, well before the recent share price movement. Banco Santander, S.A. (NYSE:SAN)'s stock has benefited from an overall growing interest in European markets due to uncertainty in America and from strong earnings. Cramer's previous comments have praised the firm's Ana Botin, and he kept the praise this time too: 'Okay so David, there's another bank, European bank, not a loser. . . .Banco Santander, Ana Botin, stock's up 88%. Uh Jamie's up 20%. Well, which would you rather own? A view of a large corporate office building, illuminated at night to show its power and reach. Earlier, he shed light on some of the driving factors behind the shares: 'Long time Cramer fave, Banco Santander, which is the second-best performing in the index (IBEX 35), up almost 52% for the year. Hey, by the way, Santander's American Deposit Receipts, SAN for you home gamers, are up almost 50% since we last spoke to Executive Chair Ana Botín back in October. Due to an embrace of technology and a knowledge of the consumer worldwide, Botín has built a powerhouse that's the envy of Europe. They just did a really smart transaction in Poland last week… Many reasons I'm partial to Santander, symbol, SAN.' While we acknowledge the potential of SAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Euronews
14-07-2025
- Business
- Euronews
European markets open in the red after Trump threatens 30% EU tariff
Investors in Europe reeled from US President Donald Trump's tariff threats on Monday morning, sending the major indexes into negative territory. As of around 9.30am CEST, France's CAC 40 was down 0.52% at 7,788.23, the UK's FTSE 100 slipped 0.38% to 8,941.12, and Germany's DAX dropped 0.85% to 24,049.73. Spain's IBEX 35 fell 0.80% to 13,897.80, while Italy's FTSE MIB dropped 0.86% to 39,726.27. The STOXX 600 slid 0.48% to 544.73 and the STOXX 50 fell 0.83% to 5,338.57. The movements come as EU trade ministers are meeting on Monday morning to discuss President Trump's surprise announcement of 30% tariffs on the European Union. Trump shared the plans on Saturday and said that the same rate, set to kick in on 1 August, would be applied to goods from Mexico. European officials have been working to secure a deal with the US after the president threatened a 50% tariff on EU exports in May, up from an initially proposed 20% rate. President Trump then retracted the threat of a 50% duty, although retained separate tariffs on exports like steel, aluminium, and cars. In response to Trump's announcement over the weekend, the president of the European Commission Ursula von der Leyen said the EU would not impose retaliatory tariffs on US imports before 1 August, allowing time for negotiation. Denmark's foreign minister, Lars Løkke Rasmussen, also told reporters ahead of the meeting on Monday: 'We shouldn't impose countermeasures at this stage, but we should prepare to be ready to use all the tools in the toolbox.' He added: 'So we want a deal, but there's an old saying: 'If you want peace, you have to prepare for war.'" Maroš Šefčovič, the EU's trade representative in its talks with the US, also said on Monday that negotiations would continue. 'I'm absolutely 100% sure that a negotiated solution is much better than the tension which we might have after 1 August." He told reporters in Brussels: 'I cannot imagine walking away without genuine effort. Having said that, the current uncertainty caused by unjustified tariffs cannot persist indefinitely and therefore we must prepare for all outcomes, including, if necessary, well-considered proportionate countermeasures.' In light of US isolationism, the EU is also looking to expand trade with alternative partners. Leaders from the bloc will travel to China for a summit later this month, seeking to promote stronger relations despite disagreements over the alleged 'dumping' of cheap Chinese goods in Europe. This accusation prompted the EU to impose its own tariffs on Chinese goods last year. While in China for the summit, EU leaders will also be courting other Pacific nations like South Korea, Japan, Vietnam, Singapore, the Philippines, and Indonesia, whose prime minister visited Brussels over the weekend to sign a new economic partnership with the EU. The downbeat investor sentiment in Europe also comes despite pledges to increase defence spending. France's president Emmanuel Macron on Sunday pledged to raise France's military spending by €6.5 billion over the next two years. Macron said the 2026 defence budget would be raised by €3.5bn, and another €3bn in 2027.
Yahoo
05-06-2025
- Business
- Yahoo
European markets mixed as investors digest ECB interest rate decision
As of 16:12 CEST, Germany's Dax fell 0.19%, France's CAC 40 declined 0.46%, the STOXX 600 dropped 0.28%, while Spain's IBEX 35 rose 0.23% after the European Central Bank (ECB) once again cut interest rates. The ECB, as widely expected by the markets, opted to cut its key deposit rate by 25 basis points to 2%, its lowest level in more than two years. Meanwhile, the interest rates on its main refinancing operations and the marginal lending facility will also be lowered to 2.15% and 2.40% respectively, taking effect from 11 June 2025. The latest decision comes as inflation in the euro area cooled more than expected in May. Annual consumer price growth slowed to 1.9% in May, down from 2.2% in April, according to a flash estimate from Eurostat this week. The figure came in below economists' forecast of 2%, and marks the first time inflation has dipped below the ECB's 2% target since September 2024. The decline in headline inflation suggests that business uncertainty, partly driven by renewed global trade tensions and soft consumer demand, is weighing on pricing power across sectors. Core inflation, which strips out volatile food and energy prices, also showed signs of easing. It slowed to 2.4% in May, from 2.7% in April, falling below expectations of 2.5%. On a monthly basis, core prices rose by just 0.1%. Related Eurozone inflation falls below ECB 2% target in May: Rate cut in sight Meanwhile, Asian shares were mixed on Thursday, as Wall Street's big recent rally lost some momentum following a pair of potentially discouraging reports on the American economy. Japan's benchmark Nikkei 225 shed 0.2% to 37,658.46, while Australia's S&P/ASX 200 declined nearly 0.1% to 8,535.10. In South Korea, the Kospi jumped 2.1% to 2,829.48 after the country's new president and leading liberal politician Lee Jae-myung began his term, vowing to restart talks with North Korea and beef up a trilateral partnership with the US and Japan. Hong Kong's Hang Seng gained 0.9% to 23,856.54, while the Shanghai Composite was little changed, inching down less than 0.1% to 3,374.30. In the US, the S&P 500 was 0.3% lower in US morning trading, while the Dow Jones Industrial Average was down 162 points, or 0.4%. The tech-heavy Nasdaq composite was also lower, down 0.2%. In other dealings, benchmark US crude fell 8 cents to $62.77 a barrel. Brent crude, the international standard, edged up 1 cent to $64.87 a barrel. The US dollar rose to 142.87 Japanese yen from 142.78 yen. The euro cost $1.1413, little changed from $1.1418. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Acronis Appoints Eduardo García Sancho as Iberia Country Manager
Acronis, Inc. New leadership to strengthen regional presence in Southern Europe Acronis Appoints Eduardo García Sancho as Iberia Country Manager New leadership to strengthen regional presence in Southern Europe MADRID, May 28, 2025 (GLOBE NEWSWIRE) -- Acronis, a global leader in cybersecurity and data protection, is pleased to announce the appointment of Eduardo García Sancho as Iberia Country Manager. In this role, García Sancho will lead the regional team in driving business growth, strengthening partner and customer relationships, and expanding Acronis' presence across the Iberian market. 'I'm excited to join Acronis and contribute to a company that leads with innovation and a true partner-first approach,' said García Sancho. 'I look forward to engaging proactively with our regional ecosystem of partners and MSPs to strengthen relationships, drive innovation, and ensure organizations are more secure, resilient, and prepared for the future.' García Sancho brings over 25 years of experience in IT and cybersecurity, with a strong track record in sales development, business expansion, and strategic leadership. He has held senior roles at a number of leading companies, including Veracode, Syneto, Thycotic, Kemp Technologies, HPE, SMC Networks, and GTI. Over the course of his career, he has developed deep expertise across Channel, SMB, and Enterprise segments, including IBEX35 organizations. 'Eduardo's appointment marks a significant step forward in our commitment to the Iberian market, and we're thrilled to welcome him to the team,' said Denis Cassinerio, Senior Director and General Manager of South EMEA at Acronis. 'We're confident that his leadership, deep expertise in cybersecurity, and strong understanding of both the channel and enterprise landscape will play a key role in elevating our operations and delivering even greater value to our customers and partners across Iberia.' For more information on Acronis natively integrated cyber protection solutions, please visit the website: About Acronis Acronis is a global cyber protection company that provides natively integrated cybersecurity, data protection, and endpoint management for managed service providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. Acronis solutions are highly efficient and designed to identify, prevent, detect, respond, remediate, and recover from modern cyberthreats with minimal downtime, ensuring data integrity and business continuity. Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to meet the needs of diverse and distributed IT environments.
