Breaking News

German November IFO Confidence at 104.7; Median Forecast 103.0
Tweet TWEET

Banco Commerical, Codere and Sonae: Iberian Stock Market Preview

The following companies may have unusual price changes in Spanish trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 fell 0.6 percent to 10,558.60. Portugal’s PSI-20 Index (PSI20) fell 0.4 percent to 7,727.48

Spanish stocks:

Codere SA (CDR) : The Spanish casino operator with businesses in Spain and Latin America is studying plans to list shares of the company in Brazil, Mexico or the U.S., Expansion reported, citing Chief Executive Officer Jose Antonio Martinez Sampedro. Codere fell 10 cents, or 0.9 percent, to 11 euros.

Portuguese stocks:

Banco Comercial Portugues SA (BCP) : Portugal’s second- biggest publicly traded lender is scheduled to hold its annual shareholder meeting. The stock fell 0.9 percent to 56.8 euro cents.

Sonae SGPS SA (SON PL): The Portuguese retailer said it signed a partnership agreement with Condis of Angola to develop a retail business in the African country. Sonae (SON) shares added 0.4 percent to 82.5 cents.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.