Banco Pastor, Codere, Ferrovial: Iberian Equity Preview

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

Spain’s IBEX 35 Index (IBEX) fell 1.2 percent to 9,484.20 in Madrid. Portugal’s PSI-20 Index (PSI20) dropped 0.4 percent to 6,732.63.

Spanish stocks:

Banco Pastor SA (PAS) , Caja de Ahorros del Mediterraneo (CAM) : The publicly traded lenders that failed the European stress tests need to reinforce their capital, European Banking Authority Chairman Andrea Enria said in an interview with El Pais. Pastor shares rose 0.2 percent to 2.94 euros. CAM shares slipped 0.2 percent to 4.61 euros.

Codere SA (CDR) : Spain’s only publicly traded gaming company has seen sales in its home market fall more than 15 percent this year, company executive Rafael Catala told Expansion. The shares declined 1.5 percent to 8.67 euros.

Ferrovial SA (FER) : The Spanish construction firm won a 37 million-pound ($60 million) signaling contract from the U.K.’s Network Rail Ltd., El Economista reported. The shares fell 1.2 percent to 8.28 euros.

To contact the reporter on this story: Ben Sills in Madrid at bsills@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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